First quarter 2017 Strong first-quarter result
The Gjensidige Forsikring Group delivered a strong profit before tax of NOK 1,365.0 million (1,608.9) in the quarter. The profit from general insurance operations measured by the underwriting result was NOK 732.2 million (1,250.7), corresponding to a combined ratio of 86.8 (77.3). Adjusted for a one-off related to pension payments of NOK 476.6 million, the underwriting result in the first quarter 2016 was a record-strong NOK 774.1 million, corresponding to a combined ratio of 86.0. The underwriting result in the first quarter 2017 was only slightly lower. -We are very pleased with a