Gjensidige boosts Q1 profit on stronger general insurance and launches smart cabin cover

Gjensidige Forsikring ASA ( (GB:0OJC) ) has shared an update.

Gjensidige Forsikring ASA reported a sharp improvement in first-quarter 2026 profitability, with profit after tax rising to NOK 1.55 billion and return on equity reaching 27.7 percent, driven by strong growth in general insurance income and a markedly better combined ratio. The company’s capital position remained robust with a solvency margin of 195 percent, while gains from pricing measures, cost discipline and favourable driving conditions offset weaker pension results linked to IFRS 17 provision adjustments and lower financial income.

General insurance income rose 10.1 percent to NOK 11.0 billion, as premium hikes and higher volumes, particularly in private segments and Sweden, lifted the insurance result to NOK 2.29 billion and lowered the combined ratio to 79.2 percent from 86.9 percent. To reinforce its technology-led, loss-prevention strategy and deepen customer loyalty, Gjensidige launched “Hytte Smart”, a smart cabin insurance product with integrated alarms and 24/7 response services, expanding its Smart insurance portfolio alongside consistently high customer retention levels.

The most recent analyst rating on (GB:0OJC) stock is a Buy with a NOK294.00 price target. To see the full list of analyst forecasts on Gjensidige Forsikring ASA stock, see the GB:0OJC Stock Forecast page.

More about Gjensidige Forsikring ASA

Gjensidige Forsikring ASA is a leading Nordic general insurance company listed on Oslo Børs, with operations in Norway, Denmark and Sweden. The group focuses on general insurance across personal and commercial lines, while in Norway it also offers pension and savings products, managing NOK 192 billion in assets and generating NOK 43 billion in operating income in 2025.

Average Trading Volume: 440,998

Current Market Cap: NOK130.2B

For detailed information about 0OJC stock, go to TipRanks’ Stock Analysis page.