A year significantly impacted by extraordinary weather conditions and high run-off gains – The board proposes dividend of NOK 7.10 per share
Gjensidige Forsikring Group recorded a profit before tax of NOK 1,661.2 million (995.5) for the fourth quarter. The result does not include the profit from Gjensidige Bank. The profit from general insurance operations measured by the underwriting result was NOK 1,914.4 million (555.4), corresponding to a combined ratio of 68.5 (90.7). The profit was impacted by high run-off gains of NOK 1.4 billion (0.3). Excluding this the underwriting result was NOK 530.3 million (254.8), corresponding to a combined ratio of 91.3 (95.7). The return on financial assets was minus 0.4 per cent (0.9), or