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May 06, 2015 6:32 AM ET

Insurance

Company Overview of Gjensidige Forsikring ASA

Company Overview

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Estonia, Lithuania, and Latvia. It operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Nordic, General Insurance Baltics, Pension and Savings, and Retail Bank. The company offers various insurance products relating to motor vehicles, property, travel/leisure, and accident and health insurance products, as well as insurance products in the areas of liability, agriculture, coastal, aquaculture, and transport; and life insurance products. It also provides pension and savings products comprising group occupational pensions, individual pensions, indiv...

Schweigaardsgate 21

Oslo,  0191

Norway

3,525 Employees

Phone:

47 22 96 80 00

Key Executives for Gjensidige Forsikring ASA

Chief Executive Officer
Age: 54
Total Annual Compensation: $5.7M
Chief Financial Officer and Executive Vice President of Finance
Age: 46
Total Annual Compensation: $3.1M
Executive Vice President of Strategy and M&A
Age: 37
Total Annual Compensation: $3.2M
Executive Vice President of International General Insurance
Age: 44
Total Annual Compensation: $2.8M
Executive Vice President of Claims
Age: 43
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2014.

Gjensidige Forsikring ASA Key Developments

Gjensidige Forsikring ASA, Q1 2015 Earnings Call, May 06, 2015

Gjensidige Forsikring ASA, Q1 2015 Earnings Call, May 06, 2015

Gjensidige Forsikring Proposes New Articles of Association

Gjensidige Forsikring ASA proposed new articles of association, at its annual general meeting will be held on April 23, 2015.

Gjensidige Forsikring ASA Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Gjensidige Forsikring ASA reported consolidated earnings results for the year ended December 31, 2014. For the year, total operating income was NOK 23,098.7 million against NOK 20,884.5 million a year ago. Total net income from investments was NOK 2,475.6 million against NOK 2,538.1 million a year ago. Profit for the year before tax expense was NOK 5,399.6 million against NOK 4,574.1 million a year ago. Profit for the year was NOK 4,189.6 million or NOK 8.38 per basic and diluted share against NOK 3,670.6 million or NOK 7.34 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 3.428.3 million against negative net cash flow from operating activities of NOK 1,127.7 million a year ago. Net payments on acquisition of owner-occupied property, plant and equipment was NOK 285.9 million against NOK 24.7 million a year ago.

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