Pick a time period -
No more available filters You need to apply a filter before selecting newsroom

Use our filters to get your customized news. Save and subscribe to as many filters as you want, get the news that YOU are interested in right in your mailbox, RSS feed or in your personalized dashboard. Share your stories, news, multimedia and pressreleases and get a wider audience with news.cision.com.

Third quarter 2015: Gjensidige Insurance Group: Best-ever underwriting performance, once again

The Gjensidige Insurance Group recorded a profit before tax expense of NOK 951.7 million (1,336.7) for the third quarter. The profit from general insurance operations measured by the underwriting result was NOK 1,091.0 million (755.0). The investment portfolio yielded a return on financial assets of minus 0.3 per cent (plus 1.0), or minus NOK 150.4 million (plus 552.0). The profit after tax expense was NOK 594.7 million (997.7), corresponding to NOK 1.19 (2.00) per share. 'Gjensidige has again delivered a record-high underwriting result. Our core operations developed positively, with

Gjensidige Forsikring ASA: Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 15 July 2015 acquired 52 331 shares. The shares have been acquired at an average price of NOK 132.8584 per share. 42 922 shares have been sold to employees, at a price of NOK 132.8584 per share, as part of the Gjensidige share savings scheme 2015. The acquisition of shares related to the share savings scheme for the second quarter 2015 is now completed. A total of 7 790 bonus shares are allocated to employees pursuant to the terms of previous years’ share savings scheme. Bonus shares are allocated without further consideration.

Gjensidige Insurance Group: Best-ever underwriting performance

The Gjensidige Insurance Group recorded a profit before tax expense for the second quarter of NOK 1,640.1 million (1,747.9).The profit from general insurance operations measured by the underwriting result was a record strong NOK 1,070.2 million, up from 951 million in the second quarter last year. For the investment portfolio, the return on financial assets was 0.9 per cent (1.3), or NOK 511.1 million (744.6). The profit after tax expense was NOK 1,195.2 million (1,304.8), corresponding to NOK 2.39 (2.61) per share. -Gjensidige once again delivered a record-strong underwriting result.

First quarter 2015: Solid start to the year

The Gjensidige Insurance Group recorded a profit before tax expense of NOK 987.3 million (1,155.9). The profit from general insurance operations measured by the underwriting result was NOK 416.5 million (349.1). For the investment portfolio, the return on financial assets was 0.9 per cent (1.3), or NOK 520.9 million (762.4). The profit after tax expense was NOK 748.1 million (923.0), corresponding to NOK 1.50 (1.85) per share. ‘We are very pleased with the start to 2015. The results are driven by good growth in premiums, good operations and cost efficiency,’ says CEO Helge Leiro Baastad.

Annual Accounts and Board’s Report 2014 for Gjensidige Forsikring ASA

The Board of Gjensidige Forsikring ASA determined the Annual Accounts and the Board's Report for 2014 in a board meeting on 11 March 2015. The Annual Accounts were determined without changes to the preliminary Annual Accounts published on 4 February 2015.The Annual General Meeting is held on 23 April 2015, and the share will be listed ex dividend on 24 April 2015. The Board has proposed a total dividend of NOK 2,950 million corresponding to NOK 5.90 per share. The record date is 27 April 2015, and the dividend is paid on 5 May 2015 to shareholders as of the date of the Annual General

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on February 5 2015 acquired 107,451 shares. The shares have been acquired at an average price of NOK 126.8739 per share. 47,089 shares have been sold to employees, at a price of NOK 126.8739 per share, as part of the Gjensidige share savings scheme 2014. Acquisition of shares related to the share savings scheme for the fourth quarter 2014 is now completed. A total of 10,433 bonus shares are allocated to employees pursuant to the terms of previous years’ share savings scheme. Bonus shares are allocated without further consideration. 48,

Fourth quarter and preliminary results 2014: Solid growth in premiums and a good profit development

The Gjensidige Insurance Group recorded a profit before tax for the quarter of NOK 1,159.0 million (1,283.1). The profit from general insurance operations measured by the underwriting result was NOK 807.2 million (375.7), and was the best fourth quarter underwriting result ever. For the investment portfolio, the return on financial assets was 0.7 per cent (1.5), or NOK 367.3 million (877.6). The profit after tax was NOK 964.1 million (1,134.5), corresponding to NOK 1.93 (2.27) per share. -Gjensidige had a good development throughout 2014, and we are very satisfied with a strong end to

Changes in Gjensidige's Group management

Several executive vice presidents in Gjensidige Forsikring ASA will be assigned new roles in the Group management from the turn of the year. A new Technology and development unit will be established at the same time. The changes are intended to boost implementation of the Group's strategy for profitable growth and customer orientation.- Dynamic organisational development and greater mobility at all levels of the company are important if we are to deliver on our ambitious targets going forward, says CEO Helge Leiro Baastad. Technology and development will be headed by Executive Vice

CMD: Business review and strategic priorities towards 2018

Continuing to deliver superior customer experiences, analytically-driven processes and operating efficiencies will ensure sustainable competitiveness and growth for Gjensidige Forsikring ASA, Norway’s leading and also the second-largest general insurance company in the Nordic region. Hosting its first Capital Markets Day in London today, Gjensidige outlines how it will maintain customer loyalty and deliver stable returns to shareholders in a highly competitive market.At the event, Helge Leiro Baastad, Chief Executive Officer of Gjensidige, and key members of the Group management team will

Third quarter 2014:Continued solid premium growth and good profit performance

The Gjensidige Insurance Group recorded a profit before tax for the quarter of NOK 1,336.7 million (1,673.3). The profit from general insurance operations measured by the underwriting result was NOK 755.0 million (852.5). For the investment portfolio, the return on financial assets was 1.0 per cent (1.5), or NOK 552.0 million (825.7). The profit after tax was NOK 997.7 million (1,328.2), corresponding to NOK 2.00 (2.66) per share. The underwriting result was driven by a solid growth in premiums and a good underlying claims development, but it was negatively affected by more claims relating

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

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on May 15 2014 acquired 35,626 shares. The shares have been acquired at an average price of NOK 113.1863 per share. 35,095 shares have been sold to employees, at a price of NOK 113.1863 per share, as part of the Gjensidige share savings scheme. Gjensidige now owns 70,484 own shares. Acquisition of shares related to the share savings scheme for the first quarter 2014 is now completed. Shares sold to primary insider employees are, together with bonus shares allocated pursuant to the terms of previous years’ share savings scheme, disclosed

First quarter 2014: Solid growth in premiums and good start to the year

Gjensidige Forsikring ASA recorded a profit before tax expense of NOK 1,155.9 million (540.7) in the first quarter 2014. The growth in premiums was 10.1 per cent. The profit from general insurance operations measured by the underwriting result was NOK 349.1 million (342.9). For the investment portfolio, the return on financial assets was 1.3 per cent (0.3), or NOK 762.4 million (172.9). The profit after tax expense was NOK 923.0 million (316.7), corresponding to NOK 1.85 (0.63) per share. ‘We are very pleased with the start to 2014. The results are driven by solid growth in premiums,

Acquisition of own shares/ primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 6 February 2014 acquired 83,297 shares as part of Gjensidige's share savings scheme for employees and remuneration scheme. The shares have been acquired at an average price of NOK120.0282 per share. Acquisition of shares related to the share savings scheme for the fourth quarter 2013 is now completed. 41,497 shares have been sold to employees, at a price of NOK 120.0282 per share, as part of the Gjensidige share savings scheme. 31,662 shares have been allocated to executive personnel at a price of NOK 120.0282, as variable pay. For a

Fourth quarter and preliminary results 2013: Solid growth in premiums and good profit performance in 2013

Gjensidige Forsikring ASA recorded a profit before tax expense of NOK 1,283.1 million (1,381.3) in the fourth quarter 2013. Premiums grew by as much as 7.9 per cent in the quarter. The profit from general insurance operations measured by the underwriting result was NOK 375.7 million (602.7). For the investment portfolio, the return on financial assets was 1.5 per cent (1.4), or NOK 877.6 million (773.1). The profit after tax expense was NOK 1,134.5 million (1,006.9), corresponding to NOK 2.27 (2.01) per share. ‘We are very pleased with the results, which reflect a sound growth in

Third quarter 2013 :  Solid growth in premiums and good result

Gjensidige Forsikring ASA recorded a profit before tax expense for the quarter of NOK 1,673.3 million (1,606.9). The profit from general insurance operations measured by the underwriting result was NOK 852.5 million (780.3), and all segments saw solid growth. For the investment portfolio, the return on financial assets was 1.5 per cent (1.5), or NOK 825.7 million (828.7). The profit after tax expense was NOK 1,328.2 million (1,232.5), corresponding to NOK 2.66 (2.50) per share. The increase in the underwriting result is largely due to a lower proportion of large losses in relation to the

New capital strategy and updated financial targets

On 21 October 2013, the Board of Gjensidige Forsikring ASA adopted a new capital strategy and updated financial targets. Proposal extraordinary dividendThe Board proposes to distribute excess capital of NOK 3.0 billion, corresponding to NOK 6.00 per share, in extraordinary dividend in May 2014. The Gjensidige Foundation, which is Gjensidige’s largest owner, has endorsed the proposal and at the same time communicated that extraordinary dividends from Gjensidige will be managed to, among other things, support the customer dividend model and contribute to increased stability in future

Second quarter and first half-year 2013: Solid premium growth and satisfactory result

The Gjensidige Group recorded a profit before tax for the second quarter of NOK 1,077 million (1,218). Earned premiums from general insurance operations increased by a solid 4.3 per cent, and  the underwriting result was NOK 448 million (719). The change in the underwriting result was due to lower run-off gains (gains not related to the period) combined with a more normal underlying claims trend. The proportion of large losses was somewhat lower than for the same period last year, despite a major flood in Norway that resulted in claims of NOK 113 million. For the investment portfolio, the

Gjensidige to acquire Gouda Travel Insurance

Gjensidige Forsikring ASA is acquiring Gouda Travel Insurance from the Dutch company Goudse Schadeverzekeringen N.V.Gouda Travel Insurance offers travel insurance to private individuals and enterprises, including expat employees. Gouda’s business in the Nordic countries recorded earned premiums of EUR 38.5 million (approx. NOK/DKK 290 million) in 2012. They also have operations outside the Nordic region that are not included in the transaction. -The acquisition of Gouda Travel Insurance gives Gjensidige valuable expertise in an attractive and growing market segment. We are particularly

First quarter 2013: Good start to the year

The Group recorded a profit before tax for the first quarter of NOK 541 million (1,427). The result includes the previously announced impairment loss of NOK 611 million on the investment in Storebrand.The profit from general insurance operations measured by the underwriting result was NOK 343 million (506). The decline in the result from the corresponding period last year was primarily due to lower run-off gains and a higher proportion of large losses. However large losses were lower than what is normally expected. Good underlying profitability in the general insurance portfolio and no

Annual Accounts and Board’s Report 2012 for Gjensidige Forsikring ASA

The Board of Gjensidige Forsikring ASA determined the Annual Accounts and the Board’s Report for 2012 in a board meeting on Wednesday 6 March 2013. The Annual Accounts were determined without changes to the preliminary Annual Accounts published on 14 February 2013. The Annual General Meeting is held on 25 April 2013, and the share will be listed ex dividend on 26 April 2013. The Board has proposed an ordinary dividend per share of NOK 6.85. Dividends are distributed on 8 May 2013 to shareholders as of the date of the Annual General Meeting. Annual Report The Annual Accounts and the

Fourth quarter and preliminary profit for the year 2012: Record-strong result in 2012

The Group recorded a profit before tax for the quarter of NOK 1,381 million (814). The profit from general insurance operations measured by the underwriting result was NOK 603 million (186). For the investment portfolio, the return on financial assets was 1.4 per cent (1.3), or NOK 773 million (683)The preliminary profit before tax for the year 2012 amounted to NOK 5,634 million (3,647). The profit for the year from general insurance operations measured by the underwriting result was NOK 2,608 million (1,421). For the investment portfolio, the return on financial assets was 5.4 per cent (4.

Third quarter and year to date 2012: Strong result

The Gjensidige Group recorded a profit before tax for the third quarter of NOK 1,606.9 million (773.1). The profit from general insurance operations measured by the underwriting result increased to NOK 780.3 million (570.2), largely due to lower claims incurred.For the investment portfolio, the return on financial assets was 1.5 per cent (0.4), or NOK 828.7 million (230.1). “Our business developed positively in the quarter due to effects of initiatives to retain customers and further improve operations in both the private and the commercial market,” says Helge Leiro Baastad, Chief

First half-year and second quarter 2012: Record-high insurance result

Gjensidige Forsikring ASA recorded a profit before tax for the first half-year of NOK 2,645 million (2,060). The profit from general insurance operations measured by the underwriting result amounted to NOK 1,225 million (665), the best ever.The return on financial assets was 2.5 per cent (2.7), or NOK 1,403 million (1,418). Profit after tax amounted to NOK 2,041 million (1,549) in the first half-year. In the second quarter, profit before tax amounted to NOK 1,218 million (1,245). The profit from general insurance operations measured by the underwriting result was NOK 719 million (615).

There are no items matching the current filter
There are no more items matching the current filter
Back to top