Third quarter 2014:Continued solid premium growth and good profit performance
The Gjensidige Insurance Group recorded a profit before tax for the quarter of NOK 1,336.7 million (1,673.3). The profit from general insurance operations measured by the underwriting result was NOK 755.0 million (852.5). For the investment portfolio, the return on financial assets was 1.0 per cent (1.5), or NOK 552.0 million (825.7). The profit after tax was NOK 997.7 million (1,328.2), corresponding to NOK 2.00 (2.66) per share. The underwriting result was driven by a solid growth in premiums and a good underlying claims development, but it was negatively affected by more claims relating