Second quarter and first half-year 2014: Solid growth in premiums and record strong underwriting result
The Gjensidige Insurance Group recorded a profit before tax expense for the second quarter of NOK 1,747.9 million (1,076.9). Earned premiums from general insurance increased by 8.9 per cent from the same period last year, and the profit from general insurance operations measured by the underwriting result was NOK 951.0 million (448.5). For the investment portfolio, the return on financial assets was 1.3 per cent (1.1), or NOK 744.6 million (604.6). The profit after tax expense was NOK 1,304.8 million (891.3), corresponding to NOK 2.61 (1.78) per share. The record strong underwriting