First quarter 2010: Insurance revenues affected by cold winter
The Gjensidige Forsikring group made a pre-tax profit of NOK 344.3 million for the quarter, compared to NOK 296.3 million in the same period in 2009.· Profit before tax in the quarter: NOK 344.3 million (NOK 296.3 million in the same period in 2009) · A strong financial result in the quarter ensures a satisfactory profit · Negative result from general insurance operations as a result of the cold winter: Minus NOK 368.7 million (NOK 97.4 million) · Claims from 10,000 Gjensidige customers were paid out for flood and frost damage · Gjensidige Bank made a profit for the first time