GJF: Granted approval from the FSA for windstorm risk model in Partial Internal Model

This release contains inside information related to Gjensidige Forsikring ASA pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Gjensidige Forsikring ASA and Gjensidige Forsikring Group are granted approval from the Financial Supervisory Authority of Norway (FSA) for the modelling of windstorm risk in the Partial Internal Model (PIM). The change will reduce the capital requirement in the approved PIM by approximately NOK 1.3 billion. Based on the approved Partial Internal Model as of 30. September 2024, the Solvency II ratio for Gjensidige Forsikring Group including the approved change mentioned above and the Tier 2 loan issued on 29 October 2024 would be 185 per cent.

This release is issued by Mitra Hagen Negård, Head of Investor Relations at Gjensidige Forsikring ASA. Date and time of publication: 12:08 CET, 15 November 2024.

Contact person Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: +47 952 33 382