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An announcement from Gjensidige Forsikring ASA ( (GB:0OJC) ) is now available.
Gjensidige Forsikring ASA reported a significant improvement in its non-life insurance results due to effective pricing measures and operational efficiency, achieving a result before tax of 2,067.4 million kroner for the quarter. However, the pension business faced challenges due to the discontinuation of a core IT system, negatively impacting its results. The company experienced strong growth in insurance income, driven by pricing strategies and higher volumes in Denmark and Sweden, while maintaining a robust capital position. Despite a decline in the financial result, positive returns from all asset classes contributed to an annualized return on equity of 29.6 percent. The company remains on track to meet its financial goals for the year and 2026, with a notable increase in customer numbers in Private Norway.
The most recent analyst rating on (GB:0OJC) stock is a Buy with a NOK307.00 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 non-life insurance company listed on the Oslo Stock Exchange. The company employs approximately 4,700 people and offers non-life insurance services in Norway, Denmark, Sweden, and the Baltics. In Norway, it also provides pensions and savings products. Gjensidige reported an operating income of 39 billion kroner in 2024, with total assets amounting to 171 billion kroner.
Average Trading Volume: 255,782
Current Market Cap: NOK139.7B
For detailed information about 0OJC stock, go to TipRanks’ Stock Analysis page.