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Last 126.30 NOK
Change Today -2.50 / -1.94%
Volume 824.0K
GJF On Other Exchanges
Symbol
Exchange
Oslo
Berlin
OTC US
OTC US
Stockholm
As of 10:25 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

gjensidige forsikring asa (GJF) Snapshot

Open
129.00 NOK
Previous Close
128.80 NOK
Day High
129.30 NOK
Day Low
125.50 NOK
52 Week High
04/13/15 - 146.60 NOK
52 Week Low
06/27/14 - 105.95 NOK
Market Cap
63.2B
Average Volume 10 Days
572.6K
EPS TTM
8.04 NOK
Shares Outstanding
500.0M
EX-Date
04/24/15
P/E TM
15.7x
Dividend
5.90 NOK
Dividend Yield
7.84%
Current Stock Chart for GJENSIDIGE FORSIKRING ASA (GJF)

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gjensidige forsikring asa (GJF) Details

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, individual disability pensions, and pension agreement schemes; saving products, which include active management and combination funds, as well as unit trusts, bond funds, fixed-income funds, and alternative investments; and manages paid-up policies and pension capital certificates. In addition, the company offers various banking products and services, including day-to-day banking services and savings accounts; mortgages; housing and car loans; and consumer loans, credit cards, and credit facilities. It distributes its products through its own distribution network, as well as through agents, dealers, brokers, and the Internet to private and commercial customers. Gjensidige Forsikring ASA is headquartered in Oslo, Norway.

3,566 Employees
Last Reported Date: 05/6/15

gjensidige forsikring asa (GJF) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 5.7M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 3.1M NOK
Executive Vice President of Strategy and M&A
Total Annual Compensation: 3.2M NOK
Executive Vice President of International Gen...
Total Annual Compensation: 2.8M NOK
Executive Vice President of Claims
Total Annual Compensation: 2.8M NOK
Compensation as of Fiscal Year 2014.

gjensidige forsikring asa (GJF) Key Developments

Gjensidige Forsikring ASA Announces Consolidated Earnings Results for First Quarter Ended March 31, 2015; Provides Outlook for the Year 2015

Gjensidige Forsikring ASA announced consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported total operating income of NOK 5,817 million, total operating income and net income from investments of NOK 6,341.3 million, profit for the period before tax expense of NOK 987.3 million, profit attributable to owners of the company of NOK 748.1 million or NOK 1.5 per basic and diluted share, net cash out flow from operating activities of NOK 1,434.1 million compared to the total operating income of NOK 5,543.4 million, total operating income and net income from investments of NOK 6,326.8 million, profit for the period before tax expense of NOK 1,155.9 million, profit attributable to owners of the company of NOK 923 million or NOK 1.85 per basic and diluted share, net cash out flow from operating activities of NOK 625.4 million for the same quarter a year ago. The profit from general insurance operations measured by the underwriting result was NOK 416.5 million compared to NOK 349.1 million a year ago. Annualised return on equity was 13.5% compared to 13.9% a year ago. Earned premiums was NOK 5,119.2 million compared to NOK 4,907.2 million a year ago. The results are driven by good growth in premiums, good operations and cost efficiency. The Group has a target of a 15% return on equity after tax from and including 2015. Over time, organic growth is expected to be in line with GDP-growth in the company’s market areas in the Nordic countries and the Baltic states. Profitable growth in excess of this shall be achieved through pursuing a disciplined acquisition strategy. The annual combined ratio shall be within the corridor 90- 93 (not discounted). Moreover, the targeted cost ratio is around 15%. A reduction is expected in the underlying cost ratio and loss ratio, but Gjensidige will endeavour to strike a balance between good profitability and increased investments in order to ensure strong competitiveness in future. In the short and medium term, the combined ratio is expected to be in the lower half of the target range. However, extraordinary circumstances relating to the weather and the proportion of large losses, and to run-off effects from previous years, can bring the combined ratio outside the target range in both directions.

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

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

Gjensidige Forsikring ASA, Q1 2015 Earnings Call, May 07, 2015

Gjensidige Forsikring ASA, Q1 2015 Earnings Call, May 07, 2015

 

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Industry Analysis

GJF

Industry Average

Valuation GJF Industry Range
Price/Earnings 16.6x
Price/Sales 2.6x
Price/Book 3.0x
Price/Cash Flow 16.0x
TEV/Sales 0.7x
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