June 25, 2018 2:44 PM ET

Insurance

Company Overview of Gjensidige Forsikring ASA

Company Overview

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. It operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Nordic, General Insurance Baltics, Pension, and the Retail Bank. The company offers various insurance products, including motor vehicles, property, leisure, and accident and health insurance products, as well as insurance products in the areas of liability, agriculture, coastal and marine/transport, and defined contribution scheme; and life and pet insurance products. It also provides pension and savings products comprising occupational pensions, private pensio...

Schweigaardsgate 21

Oslo,  0191

Norway

3,802 Employees

Key Executives for Gjensidige Forsikring ASA

Gjensidige Forsikring ASA does not have any Key Executives recorded.

Gjensidige Forsikring ASA Key Developments

Gjensidige Forsikring ASA Presents at Keefe, Bruyette & Woods: European Financial Conference 2018, May-15-2018

Gjensidige Forsikring ASA Presents at Keefe, Bruyette & Woods: European Financial Conference 2018, May-15-2018 . Venue: London, United Kingdom.

Gjensidige Forsikring ASA Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2018

Gjensidige Forsikring ASA announced consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total operating income was NOK 6,889 million against NOK 6,469.2 million a year ago. Profit before tax expense was NOK 726.8 million against NOK 1,365 million a year ago. Profit was NOK 534.4 million against NOK 1,110.1 million a year ago. Profit for the period attributable to owners of the company was NOK 535.4 million against NOK 1,111.4 million a year ago. Basic and diluted earnings per share were NOK 1.07 against NOK 2.22 a year ago. Net cash flow from operating activities was NOK 1,705 million against NOK 1,053.4 million a year ago. Net payments on acquisition of owner-occupied property, plant and equipment and intangible assets was NOK 106.6 million against NOK 113.6 million a year ago. Return on equity, annualised of 9.3% against 20.5% a year ago. Return on tangible equity, annualised of 11.9% against 25.9% a year ago. Return on financial assets of 0.5% against 1% a year ago.

Gjensidige Forsikring Seeks Acquisitions

Gjensidige Forsikring ASA (OB:GJF) is seeking bolt-on acquisitions.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 21, 2017
Gjensidige Forsikring ASA, Runoff Portfolio
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