Record-strong underwriting result in the third quarter
The Gjensidige Forsikring Group recorded a profit before tax for the quarter of NOK 1,718.4 million (1,515.9). The underwriting result was record-strong at NOK 1,150.2 million (711.8), corresponding to a combined ratio of 81.0 (87.5). In the third quarter 2016 a non-recurring restructuring cost of NOK 120 million was recognised. The return on financial assets was 0.9 per cent (1.3), or NOK 477.3 million (700.4). The profit after tax was NOK 1,312.7 million (1,171.7), corresponding to NOK 2.63 (2.34) per share. - We deliver another solid result, and the best-ever underwriting result,