Best ever quarterly underwriting result
Continued strong retention, effective and differentiated pricing measures, good cost control and a favourable claims development resulted in the highest quarterly underwriting result, excluding run-off gains, in the Group’s history. Returns on the investment portfolio reflected continued rebound in the financial markets. The Group’s outlook remains good, supported by a strong capital position. Gjensidige Forsikring Group recorded a profit before tax of NOK 2,048.4 million (1,271.5) for the quarter. The profit from general insurance operations measured by the underwriting result was NOK 1,