Solid underwriting result, financial result significantly impacted by market turmoil
This release contains inside information related to Gjensidige Forsikring ASA pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Strong operations, effective pricing measures, good risk selection and stringent cost control resulted in the highest quarterly underwriting result in the Group’s history, when adjusted for run-off gains. The investment portfolio was significantly hit by the development in the financial markets. The outlook for Gjensidige’s underwriting results remains good.