A strong third quarter – excess capital dividend distribution NOK 4.00 per share
The Gjensidige Insurance Group recorded a profit before tax for the quarter of NOK 1,515.9 million (951.7). The underwriting result was NOK 711.8 million (1,091.0), corresponding to a combined ratio of 87.5 (80.1). The return on financial assets was 1.3 per cent (minus 0.3) or NOK 700.4 million (minus 150.4). The profit after tax expense was NOK 1,171.7 million (624.0), corresponding to NOK 2.34 (1.19) per share. - Competitive customer offerings and continued cost efficient operations are major reasons for our ability to deliver a strong third quarter, says CEO Helge Leiro Baastad. -