A solid first quarter result
The first quarter 2019 was characterised by more favourable weather conditions in Norway and strong financial markets, resulting in a significant improvement in Gjensidige’s results compared with the same quarter last year. Profitability for the motor insurance line in Norway reached a turning point during the quarter, paving the way for a lower underlying loss ratio for this insurance line from the second quarter. The sale of Gjensidige Bank was completed in the quarter, generating a gain of NOK 1.6 billion. The Group continued to put through significant price increases across all segments,