Gain on divestment of Oslo Areal, change in value appreciation in Q421

Reference is made to the stock exchange release published on 3 December 2021 regarding the sale of Oslo Areal and the release published on 6 January regarding value appreciation to be included in the Q421 results. As mentioned in the release of 3 December, Gjensidige Forsikring Group will receive proceeds of approximately NOK 6.8 billion and will record a gain of approximately NOK 2 billion.

Based on new assessments, Gjensidige Forsikring Group will record a value appreciation of NOK 1.2 billion on the property assets in the investment portfolio for the fourth quarter of 2021. The value appreciation will be included in the Group’s financial result from the investment portfolio. The remaining NOK 0.8 billion gain on the transaction, will be included in the Group’s first quarter 2022 results, as Other items. 

Contact person Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631