Results impacted by the harsh and long winter
Gjensidige Forsikring Group recorded a profit before tax of NOK 1,252.6 million (1,502.7) for the quarter. The profit from general insurance operations was NOK 706.8 million (972.3), corresponding to a combined ratio of 88.2 (83.3). The return on financial assets was 0.7 per cent (0.9), or NOK 370.7 million (469.9). The profit after tax was NOK 1,004.6 million (1,094.5). Earnings per share amounted to NOK 2.01 (2.19).- Results were impacted by weather related claims and continued deterioration in motor profitability in Norway. We are very pleased to see significantly improved results