Gjensidige Forsikring ASA (GB:0OJC) has released an update.
Gjensidige Forsikring ASA faced a challenging second quarter in 2024 due to increased claims in motor and property insurance in Norway, leading to a negative impact on the insurance service result and underlying frequency loss ratio. Despite these setbacks, the company witnessed a 9.7% growth in insurance revenue and remains committed to strengthening pricing measures to improve profitability. The financial results showed a pre-tax profit of NOK 1,830 million and a financial result of NOK 514 million, indicating resilience in the face of adversity.
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