Gjensidige forsikring (GJF)

TekBot · september 21, 2023, 5:10pm

S&P assigns ‘BBB+’ rating to the Tier 2 bond issued on 19 September

TekBot · september 28, 2023, 12:02pm

Ny rente

TekBot · oktober 3, 2023, 2:10pm

Invitation to the presentation of Gjensidige’s results for the 3rd quarter 2023

Gjensidige Forsikring (OSE:GJF) will publish the results for the 3rd quarter
2023 on 20 October at 7.00 CET.

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Agenda:

9.00 CET

CEO Geir Holmgren and CFO Jostein Amdal will present the results in a combined
webcast and conference call. The presentation and following Q&A session will be
held in English. The webcast can be viewed live on www.gjensidige.com/ir

Participants who would like to ask questions can dial in using one of the
telephone numbers below. The full presentation can also be listened to live,
using the same dial-in details.

Dial-in details:
Norway: +47 2156 3318
UK/ Europe: +44 (0) 33 0551 0200
USA: +1 786 697 3501
Other locations: Please choose one of the above

Password: GjensidigeQ3
A replay of the presentation and Q&A session will be made available later the
same day.

11.00 CET

CEO Geir Holmgren, CFO Jostein Amdal and IR will be available for a Q&A session
for sell-side analysts in person or via telephone. Those who wish to attend can
register by sending an e-mail to ir@gjensidige.no by the end of 18 October.
Please specify if the attendance would be in person at Gjensidige’s head office,
Schweigaards gate 21 in Oslo or via telephone. Dial in details will be sent upon
registration for participants on the telephone line.

Contact persons, Gjensidige Forsikring ASA:
Head of Investor Relations, Mitra Hagen Negård. Tel.: +47 957 93 631
Head of Communication, Øystein Thoresen. Tel.: +47 952 33 382

Kilde

TekBot · oktober 5, 2023, 12:11pm

Ny rente

TekBot · oktober 12, 2023, 6:00am

Invitation to Gjensidige Forsikring’s Capital Markets Day, 22 November 2023

TekBot · oktober 20, 2023, 5:01am

Resultater påvirket av uvær og engangseffekter

Denne meldingen inneholder innsideinformasjon knyttet til Gjensidige Forsikring
ASA i henhold til EUs forordning om markedsmisbruk, og er informasjonspliktig
etter den norske verdipapirhandelloven §5-12
…

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Gjensidige fikk et resultat etter skatt på 827 millioner kroner i tredje
kvartal. Dette var en beskjeden nedgang fra året før, til tross for betydelige
erstatningskostnader knyttet til uvær, og engangskostnader. Det sterke
momentumet i inntektsveksten fortsatte, mens lønnsomheten gikk ned. Gjensidige
vil fortsette å gjennomføre målrettede tiltak for å bedre den underliggende
lønnsomheten. De alvorlige værhendelsene og engangskostnadene i tredje kvartal
påvirker oppnåelsen av konsernets finansielle mål for 2023. Den solide
kapitalposisjonen og den sterke underliggende lønnsomheten sikrer muligheten til
å utbetale utbytte i henhold til utbyttepolitikken.

Gjensidige Forsikring konsern oppnådde et resultat før skatt på 1.119,6
millioner kroner (1.114,8) i kvartalet. Resultat etter skatt ble 827,4 kroner
(858,8) og resultat per aksje ble 1,63 kroner (1,69). Resultatet fra
skadeforsikringsvirksomheten målt ved forsikringsresultatet ble 1 111,2
millioner kroner (1 864,4), tilsvarende en combined ratio på 88,0 (77,3).

Ekstremværet i tredje kvartal satte organisasjonen vår på prøve. Jeg er veldig
stolt av hvordan vi tok vare på kundene våre da det gjaldt som mest. Våre
kompetente og dedikerte medarbeidere tok umiddelbart kontakt med kundene våre og
gjorde en betydelig innsats med å håndtere det store antallet henvendelser, sier
konsernsjef Geir Holmgren.

Våre resultater ble påvirket av vær og engangseffekter dette kvartalet. Det
sterke momentumet i inntektsveksten fortsatte, og vi ser frem til å forbedre
driften ytterligere. Vi håndterer inflasjonen godt og vi har sterke tiltak på
plass for å dempe virkningene av økt skadefrekvens for motor i Norge, sier
Holmgren.

Forsikringsinntektene fra skadeforsikring økte med 13,1 prosent til 9 276,2
millioner kroner (8 204,4) i kvartalet, eller 9,5 prosent målt i lokal valuta.
Dette skyldes solide fornyelser, effektive og differensierte pristiltak og
volumvekst.

Forsikringsresultatet fra skadeforsikringsvirksomheten ble påvirket av
værrelaterte krav og engangskostnader i tredje kvartal. Justert for dette økte
forsikringsresultatet med 11,5 prosent.

Økningen i driftskostnader var hovedsakelig drevet av engangskostnader på 409,0
millioner kroner. Disse fordelte seg på en nedskrivning på 310,0 millioner
kroner av regnskapsmessig verdi av det nye IT-kjernesystemet i Danmark, 49,0
millioner kroner i avsetninger knyttet til den annonserte restruktureringen av
konsernet og kostnader på 50,0 millioner kroner knyttet til fornyelse av en
distribusjonsavtale i Danmark.

Erstatningskostnader knyttet til stormen «Hans» i Skandinavia og Baltikum, samt
styrtregnet i Oslo og omegn i kvartalet, hadde betydelig innvirkning på
storskader. Tørke og styrtregn førte også til skader på avlinger i Norge i
kvartalet. Konsernet bokførte totale erstatningskostnader på 559,2 millioner
kroner knyttet til disse hendelsene, fratrukket reassuranse og inkludert
gjeninnsettelsespremier for krav knyttet til “Hans”.

Den underliggende frekvensskadeprosenten økte med 1,6 prosentpoeng. Utviklingen
var drevet av Commercial og Privat i Norge. Kostnadsprosenten justert for
engangskostnader økte med 0,1 prosentpoeng.

Pensjonssegmentet hadde et resultat før skatt på 3,9 millioner kroner (minus
83,0), som reflekterer økte finansinntekter, aktuarmessige endringer med en
netto negativ effekt på 3,7 millioner kroner samt en nedskrivning av IT
-kjernesystemet på 61,6 millioner kroner.

Finansresultatet for kvartalet ble 119,2 millioner kroner (minus 744,5), noe som
tilsvarer en totalkapitalavkastning på 0,2 prosent (minus 1,3). Resultatet for
kvartalet ble negativt påvirket av stigende renter og negative aksjemarkeder,
mens høy løpende avkastning i renteporteføljen bidro positivt til avkastningen.

Hittil i år har konsernet et resultat før skatt på 3 944,9 millioner kroner (2
643,4). Resultatet fra skadeforsikringsvirksomheten målt ved
forsikringsresultatet ble 3 734,5 millioner kroner (4 435,2), tilsvarende en
combined ratio på 86,0 (81,4). Resultat etter skatt ble 3 017,9 millioner kroner
(2 122,2). Resultat per aksje ble 5,93 kroner (4,18).

Nedgangen i forsikringsresultatet var drevet av høyere driftskostnader og
stortap, i tillegg til en økning i underliggende frekvensskadeprosent. Høyere
avviklingsgevinster og diskonteringseffekter bidro positivt.
Forsikringsinntektene økte med 8,3 prosent målt i lokal valuta. Økningen i den
underliggende frekvensskadeprosenten var hovedsakelig drevet av vanskelige
værforhold i første kvartal og økt skadefrekvens i Norge i løpet av andre og
tredje kvartal.

Pensjonssegmentet oppnådde et resultat før skatt på minus 7,6 millioner kroner
(minus 5,0), noe som reflekterer en bedring i forsikringsresultatet som ble mer
enn motvirket av nedskrivningen i tredje kvartal og lavere netto
finansinntekter.

Finansresultatet for perioden ble 714,0 millioner kroner (minus 3 484,7), noe
som tilsvarer en totalkapitalavkastning på 1,2 prosent (minus 5,9). De fleste
aktivaklassene bidro positivt. Høy løpende avkastning i renteporteføljen,
stigende aksjemarkeder og private equity ga positiv avkastning. Høyere renter
påvirket porteføljen negativt.

Høydepunkter tredje kvartal 2023 (tredje kvartal 2022)

· Resultat før skatt: 1 119,6 millioner kroner (1 114,8)
· Resultat per aksje: NOK 1,63 (1,69)
· Forsikringsinntekter: NOK 9 276,2 mill (8 204,4)
· Forsikringsresultat: 1 111,2 millioner kroner (1 864,4)
· Combined ratio: 88,0 % (77,3 %)
· Kostnadsandel: 17,0 % (12,5 %)
· Finansresultat: 119,2 millioner kroner (-744,5)

Høydepunkter hittil i år 2023 (2022)

· Resultat før skatt: 3 944,9 millioner kroner (2 643,4)
· Resultat per aksje: NOK 5,93 (4,18)
· Forsikringsinntekter: NOK 26 767,4 mill (23 892,9)
· Forsikringsresultat: NOK 3 734,5 mill (4 435,2)
· Combined ratio: 86,0 % (81,4 %)
· Kostnadsandel: 14,7 % (13,2 %)
· Finansresultat: 714,0 millioner kroner (-3 484,7)

Denne meldingen inneholder alternative resultatmål (APM). APM er beskrevet på
www.gjensidige.no/rapportering (Error during processing.
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) i et dokument som heter ARM Alternative resultatmål.

Denne meldingen har blitt publisert av Jon Aniksdal, som er kommunikasjonssjef i
Gjensidige Forsikring ASA.

Dato og tid for publisering: 07:00 CET, 20. Oktober 2023.

Kontakter:
Kommunikasjonsdirektør Øystein Thoresen. Tlf: + 47 952 33 382
IR-direktør Mitra Hagen Negård. Tlf: + 47 957 93 631

Gjensidige er et ledende nordisk skadeforsikringsselskap notert på Oslo Børs. Vi
har om lag 4200 medarbeidere og tilbyr skadeforsikring i Norge, Danmark, Sverige
og Baltikum. I Norge tilbyr vi også pensjon og sparing. Driftsinntektene var 34
milliarder kroner i 2022 mens forvaltningskapitalen utgjorde 135 milliarder
kroner.

Kilde

TekBot · oktober 20, 2023, 5:01am

Results impacted by severe weather and one-off effects

This release contains inside information related to Gjensidige Forsikring ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
…

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Gjensidige generated a profit after tax of NOK 827 million during the third
quarter, slightly down year-on-year despite significant claims related to severe
weather events and one-off expenses. The strong momentum in revenue growth
continued, while underlying profitability decreased. Gjensidige will continue to
implement targeted measures to improve underlying profitability. The severe
weather events and one-off expenses in the third quarter impact delivery on the
Group’s financial targets for 2023. The solid capital position and strong
underlying profitability secures the ability to pay out dividends according to
the dividend policy.

Gjensidige Forsikring Group recorded a profit before tax of NOK 1,119.6 million
(1,114.8) for the quarter. The profit after tax was NOK 827.4 million (858.8)
and the corresponding earnings per share were NOK 1.63 (1.69). The profit from
general insurance operations measured by the insurance service result was NOK
1,111.2 million (1,864.4), corresponding to a combined ratio of 88.0 (77.3).

The extreme weather events put our organisation to the test. I am very proud
of how we took care of our customers when it mattered the most. Our competent
and dedicated teams immediately reached out to our customers and made a great
contribution to handle the large number of inquiries, says CEO Geir Holmgren.

Our results were impacted by weather and one-offs this quarter. The strong
momentum in revenue growth continued and we are looking forward to further
improve our operations. We are handling inflation well and we have strong
measures in place to mitigate the effects of elevated claims frequency for motor
in Norway, Holmgren says.

Insurance revenue from general insurance increased by 13.1 per cent to NOK
9,276.2 million (8,204.4) in the quarter, or by 9.5 per cent measured in local
currency. This was due to solid renewals, effective and differentiated pricing
measures and volume growth.

The insurance service result from general insurance operations was impacted by
the weather-related claims in the third quarter, as well as one-off expenses.
Adjusted for this, it increased by 11.5 per cent.

The increase in operating expenses was mainly driven by one-offs amounting to
NOK 409.0 million, consisting of a NOK 310.0 million write-down of the
accounting value of the new core IT-system in Denmark, NOK 49.0 million in
provisions related to the announced restructuring of the Group and expenses of
NOK 50.0 million related to the renewal of a distribution agreement in Denmark.

Claims related to the storm ‘Hans’ in Scandinavia and the Baltics, as well as
the torrential rain in Oslo and the surrounding regions during the quarter had a
significant impact on large losses. Drought and the torrential rain also
resulted in damages on crops in Norway during the quarter. The Group recognised
total claims cost of NOK 559.2 million related to these events, net of
reinsurance and including reinstatement premiums for claims related to “Hans”.

The underlying frequency loss ratio increased by 1.6 percentage points. The
development was primarily driven by Commercial and Private in Norway. The cost
ratio adjusted for the one-offs, increased by 0.1 percentage point.

The Pension segment generated a profit before tax of NOK 3.9 million (minus
83.0), reflecting increased financial income, actuarial changes with a net
negative effect of NOK 3.7 million as well as a write down of the core IT system
of NOK 61.6 million.

The financial result for the quarter was NOK 119.2 million (minus 744.5), which
corresponds to a return on total assets of 0.2 per cent (minus 1.3). The result
for the quarter was negatively impacted by rising interest rates and negative
stock markets, while a high running yield in the fixed income portfolio
contributed positively to returns.

Year-to-date the Group recorded a profit before tax of NOK 3,944.9 million
(2,643.4). The profit from general insurance operations measured by the
insurance service result was NOK 3,734.5 million (4,435.2), corresponding to a
combined ratio of 86.0 (81.4). The profit after tax was NOK 3,017.9 million
(2,122.2). Earnings per share amounted to NOK 5.93 (4.18).

The decrease in the insurance service result was driven by higher operating
expenses and large losses, in addition to an increase in the underlying
frequency loss ratio. Higher run-off gains and discounting effect contributed
positively. Insurance revenue rose by 8.3 per cent measured in local currency.
The increase in the underlying frequency loss ratio was mainly driven by
difficult weather conditions during the first quarter and the increased claims
frequency in Norway during second and third quarter.

The Pension segment recorded a result before tax of minus NOK 7.6 million (minus
5.0), reflecting an improvement in the insurance servicer result which was more
than offset by the write-down in the third quarter and lower net finance income.

The financial result for the period was NOK 714.0 million (minus 3,484.7), which
corresponds to a return on total assets of 1.2 per cent (minus 5.9). Most asset
classes contributed positively. A high running yield in the fixed income
portfolio, rising equity markets and PE generated positive returns. Higher
interest rates had a negative impact on the portfolio.

Highlights third quarter 2023 (third quarter 2022)

· Profit or loss before tax: NOK 1,119.6 million (1,114.8)
· Earnings per share: NOK 1.63 (1.69)
· Insurance revenue: NOK 9,276.2 million (8,204.4)
· Insurance service result: NOK 1,111.2 million (1,864.4)
· Combined ratio: 88.0 % (77.3%)
· Cost ratio: 17.0 % (12.5%)
· Financial result: NOK 119.2 million (-744.5)

Highlights year-to-date 2023 (2022)

· Profit or loss before tax: NOK 3,944.9 million (2,643.4)
· Earnings per share: NOK 5.93 (4.18)
· Insurance revenue: NOK 26,767.4 million (23,892.9)
· Insurance service result: NOK 3,734.5 million (4,435.2)
· Combined ratio: 86.0 % (81.4%)
· Cost ratio: 14.7 % (13.2%)
· Financial result: NOK 714.0 million (-3,484.7)

This release contains alternative performance measures (APMs). APMs are
described at
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a document named APMs Alternative Performance Measures.

This release is issued by Jon Aniksdal, Communication Manager at Gjensidige
Forsikring ASA.

Date and time of publication: 07:00 CET, 20 October 2023

Contact persons, Gjensidige Forsikring ASA:
Head of Communication, Øystein Thoresen. Tel: +47 952 33 382
Head of Investor Relations Mitra Hagen Negård. Tel: +47 957 93 631

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,200 employees and offer insurance products in Norway,
Denmark, Sweden and the Baltic states. In Norway, we also offer pension and
savings. The Group’s operating income was NOK 34 billion in 2022, while total
assets were NOK 135 billion.

Kilde

E24Bot · oktober 20, 2023, 5:05am

Gjensidiges forsikringsresultat faller til 1,1 milliarder i tredje kvartal – påvirket av uvær

E24Bot · oktober 20, 2023, 5:35am

Gjensidige med kraftig resultatfall etter ekstremvær

TekBot · oktober 24, 2023, 7:26pm

Acquisition of own shares / primary insider trades

On 23 and 24 October 2023, DNB acquired a total of 126 440 shares in Gjensidige
Forsikring ASA (“Gjensidige” or the “Company”, OSE:GJF, LEI
5967007LIEEXZX6FAO47, ISIN NO0010582521) on behalf of the Company. 101 717
…

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shares have been sold to employees at a price of NOK 162.4082 per share as part
of Gjensidige’s share savings scheme for 2023. For a description of the share
savings scheme, see the stock exchange release dated 19 December 2022.

Acquisition of shares under the share savings scheme for the third quarter 2023
is now complete.

Primary insiders in Gjensidige have on 24 October 2023 received shares in the
Company as part of the share savings scheme for 2023. See attachment for details
on the acquisition of shares by primary insiders.

Following the purchase and sale of shares for the third quarter of 2023 in
connection with the share savings scheme, Gjensidige will own 46 683 own shares.

This information is subject to the disclosure requirements pursuant to article
19 of Regulation (EU) No 596/2014 and section 5-12 of the Norwegian Securities
Trading Act.

Contacts:
Head of Investor Relations: Mitra Hagen Negård. Tel: +47 957 93 631
Head of Communication: Øystein Thoresen. Tel: +47 952 33 382

Kilde

TekBot · oktober 31, 2023, 1:15pm

Acquisition of PenSam Forsikring A/S completed

TekBot · november 20, 2023, 1:48pm

Gjensidige Forsikring ASA: Approval of prospectus

The Financial Supervisory Authority of Norway has on 17 November 2023 approved
the prospectus prepared in connection with the application for listing on Oslo
Børs for ISIN NO0013024000 FRN Gjensidige Forsikring ASA Callable Subordinated
…

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Bond Issue 2023/2053.

The approved registration document and securities notes with summaries are
available on the company’s web site: Investor Relations -
Gjensidige.com (Investor Relations – Gjensidige.com)

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations, Mitra Hagen Negård, tel. +47 957 93 631
Investor Relations officer, Marius Michelsen Fjellbo, tel. +47 995 67 593

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,200 employees and offer insurance products in Norway,
Denmark, Sweden and the Baltic states. In Norway, we also offer pension and
savings. The Group’s operating income was NOK 34 billion in 2022, while total
assets were NOK 135 billion.

Kilde

TekBot · november 20, 2023, 2:30pm

Oslo Børs – Gjensidige Forsikring ASA - Mottatt søknad om notering av obligasjonslån

TekBot · november 20, 2023, 2:30pm

Oslo Børs – Gjensidige Forsikring ASA – Received application for listing of bonds

TekBot · november 22, 2023, 6:00am

Gjensidige Forsikring Capital Markets Day 2023: Releasing the full potential

Gjensidige Forsikring hosts its Capital Markets Day today at 09:00 CET.
Presentations will be held by Geir Holmgren, Chief Executive Officer of
Gjensidige, and key members of the Group executive management team. The
…

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presentations will provide a review of the Group’s strategy and goals, as well
as operational priorities and the Group’s strong capabilities.

I am proud to present new and more ambitious financial targets, and to
confirm sustainability targets in line with the Paris agreement. I am certain
that our strong capabilities will enable us to release the full potential in
Gjensidige, and create more value for our stakeholders, says CEO Geir Holmgren.

-We have strong ambitions for the Group, with an aim to be a leading general
insurance company in the Nordics. We will further strengthen our unique position
in Norway, improve profitability, and seek further growth outside Norway, while
maintaining capital discipline, Holmgren says.

Ambitious financial targets and sustainability goals

Gjensidige has raised the bar further, with an ambitious set of annual Group
financial targets for the next 3 years:

Combined ratio
2024 and 2025: < 84 per cent
2026: < 82 per cent

Cost ratio
2024 and 2025: < 14 per cent
2026: ~ 13 per cent

Return on equity
2024 and 2025: > 22 per cent
2026: > 24 per cent

Solvency ratio
2024-2026: 140 - 190 per cent

Insurance service result, general insurance
2026:
Group > NOK 7.5bn
Denmark > DKK 750m

Gjensidige’s attractive dividend policy remains unchanged.

The Group has set goals to contribute to overall sustainability, with focus on
safer society, sustainable claims handling and responsible investments:

· 80 per cent of insurance revenue fulfilling the EU taxonomy requirements by
2026
· Employee survey score: >8 for engagement and perceived diversity
· 55 per cent reduction in CO\2\e emissions from claims handling processes by
2030
· All suppliers signed Suppliers Code of Conduct
· Net zero emissions from investments by 2050
· All external managers signed UN PRI

Agenda:

The presentations will last approximately 2 hours and 30 minutes and will be
followed by a Q&A session.

· Welcome, by Mitra H. Negård, Head of IR
· Releasing the full potential, by Geir Holmgren, CEO
· Industry trends and strategic direction, Janne Flessum, EVP Strategy and
Group Development
· Enhancing growth and profitability across markets, by René Fløystøl, EVP
Private
· Core is key to future value creation, by Lars Gøran Bjerklund, EVP
Commercial
· Operational excellence and next level customer centricity in Claims, by
Aysegül Cin, EVP Claims
· Delivering attractive returns, by Jostein Amdal, CFO
· Q&A session

The video webcast, presentation material and link to ask questions are available
at Investor Relations - Gjensidige.com (https://www.gjensidige.com/investor
-relations). The presentation material is also attached to this release.

This release contains alternative performance measures (APMs), described at
www.gjensidige.no/group/investor-relations/reports in a document named APMs
Gjensidige Forsikring Group Q3 2023.

Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: + 47 952 33 382

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,200 employees and offer insurance products in Norway,
Denmark, Sweden and the Baltic states. In Norway, we also offer pension and
savings. The Group’s operating income was NOK 34 billion in 2022, while total
assets were NOK 135 billion.

Kilde

pleximus83 · november 22, 2023, 1:03pm

TekBot · desember 18, 2023, 12:58pm

Share savings scheme 2024 for employees of the Gjensidige Group and subscription from primary insider employees

The Board of Gjensidige Forsikring ASA has decided to continue the share savings
scheme for employees. Through the scheme, the company offers employees of the
company, its branches in Denmark and Sweden and subsidiaries in Norway to buy
…

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shares in the company. The purpose of the scheme is to increase our employees’
interest for the company’s goals and performance through owning shares. The
scheme is also part of the company’s strategy of motivating, rewarding, and
retaining employees. The Board wishes the scheme to become a permanent part of
the company’s employee incentive scheme. The general meeting will nevertheless
consider the acquisition of shares every year and decide whether to continue the
scheme.

The offer
For 2024, the company will offer a share savings scheme based on a maximum
annual savings amount (NOK/SEK/DKK 90,000) that is financed by a monthly
deduction from salary. The company will contribute with 25 per cent of the
agreed yearly amount invested, limited upwards to NOK 7,500 per year. After two
years of ownership, and provided the person is still employed with Gjensidige,
the company will allocate one bonus share for every fourth share bought in
connection with this offer. The purchase of shares will take place through DNB
on the day or days following publication of the interim accounts. The first
purchase will take place after the publication of the 1st quarter 2023 interim
report. The purchase price and the number of shares acquired by the company will
be reported in accordance with the applicable regulations. Employees will be
allocated shares at the purchase price, adjusted for the discount.

Attached to this release is information about the subscriptions in the share
savings scheme for 2024 made by primary insiders. The subscribed amount
disclosed is the total amount for 2024. The purchase price and the number of
shares will be reported each time allocation has been made.

Background
At the annual general meeting on 23 March 2023, the general meeting provided the
Board with the following authorisation to acquire shares on behalf of the
company for the purpose of implementing and executing the Group’s share savings
scheme (as approved by the board) and remuneration scheme for executive
employees (in accordance with the remuneration regulations and the remuneration
policy adopted by the Board):

"The Board was authorised to acquire Gjensidige shares in the market on behalf
of the Company, cf. Section 9-4 of the Public Limited Liability Companies Act.
The authorisation can be used to purchase own shares with a total nominal value
of up to NOK 2,000,000, corresponding to 1,000,000 shares with a nominal value
of NOK 2.

The authorisation can be used to purchase own shares with a total nominal value
of up to NOK 2,000,000, corresponding to 1,000,000 shares with a nominal value
of NOK 2. The minimum and maximum amounts that can be paid per share are NOK 20
and NOK 375, respectively.

Within these limits, the Board decides at what price and at what times such
acquisition shall take place. The acquisition of shares in accordance with the
authorisation can only be used for sale and transfer to employees of the
Gjensidige Group as part of the Group’s share savings programme or to executive
personnel in accordance with the remuneration regulations. The Board is free to
acquire and sell shares in the manner that the Board finds expedient, such,
however, that general principles concerning equal treatment of shareholders are
adhered to."

The authorisation is valid until the next annual general meeting, however no
longer than until 30 June 2024.

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Contact details, Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: +47 952 33 382

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,200 employees and offer insurance products in Norway,
Denmark, Sweden, and the Baltic states. In Norway, we also offer pension and
savings. The Group’s operating income was NOK 34 billion in 2022, while total
assets were NOK 135 billion.

Kilde

TekBot · desember 27, 2023, 12:55pm

Ny rente

TekBot · desember 28, 2023, 12:51pm

Ny rente

TekBot · januar 4, 2024, 2:36pm