Gjensidige forsikring (GJF)

TekBot oktober 25, 2019, 6:00am #61

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 24 October 2019 acquired 53 997
shares. The shares have been acquired at an average price of NOK 173.1451 per
share.
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43 461 shares have been sold to employees, at a price of NOK 173.1451 per share,
as part of the Gjensidige share savings scheme 2019.

Acquisition of shares for the share savings scheme for the third quarter 2019 is
now completed.

A total of 8 277 bonus shares are allocated to employees pursuant to the terms
of previous years’ share savings scheme. Bonus shares are allocated without
further consideration.

Gjensidige now owns 18 529 own shares.

Shares sold or allocated to primary insider employees are disclosed in the
attachment to this disclosure.

For a description of the share savings scheme, see stock exchange release dated
19 December 2018.

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

Contacts:

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

Kilde

TekBot oktober 25, 2019, 8:11am #62

Correction - Acquisition of own shares / primary insider trades

This is a correction of the disclosure published 25 October 2019 at 08:00 CET.
The number of shares acquired for one employee in the attachement has been
corrected.
…

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On behalf of Gjensidige (OSE:GJF), DNB has on 24 October 2019 acquired 53 997
shares. The shares have been acquired at an average price of NOK 173.1451 per
share.

43 461 shares have been sold to employees, at a price of NOK 173.1451 per share,
as part of the Gjensidige share savings scheme 2019.

Acquisition of shares for the share savings scheme for the third quarter 2019 is
now completed.

A total of 8 277 bonus shares are allocated to employees pursuant to the terms
of previous years’ share savings scheme. Bonus shares are allocated without
further consideration.

Gjensidige now owns 18 529 own shares.

Shares sold or allocated to primary insider employees are disclosed in the
attachment to this disclosure.

For a description of the share savings scheme, see stock exchange release dated
19 December 2018.

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

Contacts:

Investor Relations Officer, Mitra Hagen Negård. Tel: +47 957 93 631

Head of Communication: Øystein Thoresen. Tel: +47 952 33 382

Kilde

TekBot desember 19, 2019, 7:00am #63

Share savings scheme 2020 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 interest among
employees 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 thereby decide whether to continue the scheme.

The offer

For 2020, 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 20 per cent of the
agreed yearly amount invested, limited upwards to NOK 3,000 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 2020
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.

Subscription by employees that are primary insiders

Attached to this release is a list of employees that are primary insiders and
that have subscribed in the Share savings scheme for 2020. The subscribed amount
disclosed is the total amount for 2020. The purchase price and the number of
shares will be reported each time allocation has been made.

Background

At the annual general meeting on 28 March 2019, the general meeting authorised
the Board to acquire shares on behalf of the company. Shares purchased in
accordance with the authorisation can, among other things, be used for sale and
transfer to employees of the Gjensidige Group as part of the Group’s share
savings scheme as approved by the Board, or to executive employees in accordance
with the remuneration regulations and the pay policy adopted by the Board. The
authorisation is valid until the next annual general meeting, however no longer
than until 30 June 2020.

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

Kilde

TekBot januar 6, 2020, 7:00am #64

Invitation to the presentation of Gjensidige’s results for the 4th quarter 2019

Gjensidige Forsikring Group (OSE:GJF) will publish the results for the 4th
quarter 2019 on 22 January at 7.00 CET.

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22 January (Oslo)

9.00 CET

CEO Helge Leiro Baastad 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.no/ir.

Participants who would like to ask questions should 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:

Confirmation code: 9682149

Norway: +47 800 51084 UK/ Europe: +44 (0) 800 358 6377 USA: +1 866-548-4713
Other locations: Please choose one of the above

A replay of the presentation and Q&A session will be made available from 22
January at approximately 12.00 CET.

Replay phone number: +47 23 50 00 77 Replay passcode: 9682149

11:00 CET

CEO Helge Leiro Baastad and CFO Jostein Amdal will be available for a Q&A
session for sell-side analysts at Gjensidige’s head office, Schweigaards gate 21
in Oslo. Sell-side analysts who wish to attend are requested to register by e
-mail to ir@gjensidige.no by end of business 20 January.

23 January (London)

Danske Bank will organise investor meetings in London.

08:00 GMT

CFO Jostein Amdal and Head of IR Mitra Hagen Negård will be available for a Q&A
session for sell-side analysts at Danske Bank HQ, 75 King William Street London
EC4N 7DT.

Sell-side analysts who wish to attend are requested to register by e-mail to
ir@gjensidige.no by end of business 20 January.

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

For more information about Gjensidige, please visit www.gjensidige.no/group.

Kilde

TekBot januar 22, 2020, 6:01am #65

Key information relating to the cash dividend to be paid by Gjensidige Forsikring ASA

1 Like

TekBot januar 22, 2020, 6:01am #66

A strong fourth quarter and record high full year result - the Board proposes a dividend of NOK 12.25 per share

The result for the fourth quarter 2019 was strong, driven by continued
improvement in the underlying underwriting result and significantly higher
returns on financial assets. The result for the full year 2019 increased
…

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significantly compared with 2018, driven by gains on the sale of Gjensidige
Bank, higher returns on financial assets, successful pricing measures, solid
renewals, better weather conditions in Norway and good progress outside Norway.
The Board proposes a dividend of NOK 12.25 per share, consisting of a regular
dividend of NOK 7.25 and a special dividend of NOK 5.00.

Gjensidige Forsikring Group recorded a profit before tax of NOK 1,728.6 million
(1,661.2) for the quarter. The profit from general insurance operations measured
by the underwriting result was NOK 919.6 million (1,914.4), corresponding to a
combined ratio of 85.4 (68.5). The return on financial assets was 1.4 per cent
(minus 0.4) or NOK 832.5 million (minus 231.0). The profit after tax expense was
NOK 1,473.4 million (1,304.2). Earnings per share amounted to NOK 2.95 (2.61).

-We are very satisfied with delivering a strong fourth quarter and a record high
full year result. We are pleased with maintaining our superior position in
Norway, and improving operations outside Norway, CEO Helge Leiro Baastad says.
Going forward we will strive to become an even better and more relevant partner
for our customers - a problem-solver with an even stronger focus on claims
prevention, Baastad says.

The Board has proposed a dividend of NOK 6,125 million (3,550). This corresponds
to NOK 12.25 (7.10) per share, of which NOK 7.25 is a regular dividend and NOK
5.00 is a special dividend. The regular dividend corresponds to a pay-out ratio
of 72 per cent (96) when adjusted for the gain from the sale of Gjensidige Bank.

Gjensidige aims to deliver high and stable nominal dividends on a regular
basis. In addition, we will distribute excess capital over time as special
dividends. We are highly conscious of maintaining a strong capital discipline
and strive to deliver attractive returns to our shareholders.

Adjusted for extraordinary run-off gains of NOK 1.080 million in the fourth
quarter 2018, the underwriting result improved. The improvement was driven by
3.8 per cent growth in earned premiums combined with an improved underlying
frequency loss ratio as a result of effective pricing and re-underwriting
measures across all segments.

The Pension operation recorded an increased profit driven by higher net
operating income.

The return on financial assets in the quarter was higher than in the same period
the previous year, with positive contributions from all asset-classes except
private equity in the free portfolio.

For the year the Group recorded a profit before tax of NOK 7,753.8 million
(4,265.0). The sale of Gjensidige Bank was completed on 1 March, with proceeds
of approximately NOK 5.6 billion and a gain for the Group of NOK 1.6 billion
recorded in the first quarter. The profit before tax excluding this gain was a
record high NOK 6,173.5 million. The profit from general insurance operations
measured by the underwriting result was NOK 4,036.4 million (3,605.8),
corresponding to a combined ratio of 83.6 (85.0). The return on financial assets
was 4.1 per cent (1.5) or NOK 2,306.4 million (820.9). The profit after tax from
continuing and discontinued operations was NOK 6,593.8 million (3,716.4) and the
corresponding earnings per share were NOK 13.19 (7.44).

Highlights fourth quarter 2019 (fourth quarter 2018)

· Profit/(loss) before tax: NOK 1,728.6 million (1,661.2)
· Earnings per share: NOK 2.95 (2.61)
· Earned premiums: NOK 6,313.8 million (6,081.2)
· Underwriting result: NOK 919.6 million (1,914.4)
· Combined ratio: 85.4 (68.5)
· Cost ratio: 15.2 (14.8)
· Financial result: NOK 832.5 million (negative 231.0)

Proposed dividend

· Proposed dividend: NOK 6,125 million (3,550)
· Proposed dividend per share: NOK 12.25 (7.10)

· Of which regular dividend: NOK 7.25
· Of which special dividend: NOK 5.00

Highlights for the year 2019 (for the year 2018)

· Profit/(loss) before tax: NOK 7,753.8 million (4,265.0)
· Earnings per share: NOK 13.19 (7.44)
· Earned premiums: NOK 24,650.4 million (24,052.8)
· Underwriting result: NOK 4,036.4 million (3,605.8)
· Combined ratio: 83.6 (85.0)
· Cost ratio: 14.7 (15.2)
· Financial result: NOK 2,306.4 million (820.9)

This release contains alternative performance measures (APMs). APMs are
described at www.gjensidige.no/reporting in a document named APMs Gjensidige
Forsikring Group Q4 2019.

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

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 3,700 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 28 billion in 2019, while total
assets were NOK 112 billion.

Kilde

1 Like

TekBot januar 24, 2020, 7:00am #67

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 23 January 2020 acquired 61 717
shares. The shares have been acquired at an average price of NOK 201,0248 per
share.
…

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42 075 shares have been sold to employees, at a price of NOK 201,0248 per share,
as part of the Gjensidige share savings scheme 2019.

Acquisition of shares for the share savings scheme for the fourth quarter 2019
is now completed.

A total of 9 898 bonus shares are allocated to employees pursuant to the terms
of previous years’ share savings scheme. Bonus shares are allocated without
further consideration.

19 495 shares have been allocated to executive personnel as variable pay. For a
description of share-based payment to executive personnel, reference is made to
note 22 in the annual report 2018.

Gjensidige now owns 8 778 own shares.

Shares sold or allocated to primary insider employees are disclosed in the
attachment to this disclosure.

For a description of the share savings scheme, see stock exchange release dated
19 December 2018.

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

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 februar 3, 2020, 5:11pm #68

GJF: Partial Internal Model change not approved

Gjensidige Forsikring ASA and Gjensidige Forsikring Group’s application to the
Financial Supervisory Authority of Norway (FSA) for certain adjustments of the
regulatory approved Partial Internal Model (PIM) has not been approved. The
…

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adjustments which were applied for were related to improvements in the
calibration of market risk with a potential reduction of the capital requirement
by approximately NOK 0.5 billion.

Gjensidige will consider to appeal the decision and will continue the dialogue
with the FSA on the remaining factors which comprise the difference between the
approved and own PIM.

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

Contact person 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

Kilde

TekBot februar 13, 2020, 1:15pm #69

GJF: Proposals to the Annual General Meeting

The Board of Gjensidige Forsikring ASA will propose for the Annual General
Meeting the following Board Authorisations:

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· Authorisation to decide the distribution of dividend
· Authorisation to purchase own shares in the market for the purpose of
implementing the Group’s share savings programme and remuneration scheme for
employees, corresponding to up to 0.2 per cent of the share capital
· Authorisation to purchase own shares in the market for investment purposes
or for the purpose of optimising the Company’s capital structure, corresponding
to up to 10 per cent of the share capital
· Authorisation to increase the share capital by up to 10 per cent
· Authorisation to raise subordinated loans and other external financing by up
to NOK 3 billion

The Annual General Meeting of Gjensidige Forsikring ASA will be held on Thursday
26 March 2020. The notice including a full agenda for the General Meeting and
appendices will be published and sent to shareholders on 3 March 2020.

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

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 februar 13, 2020, 1:57pm #70

Finansiell kalender

TekBot februar 13, 2020, 10:17pm #71

GJF: Integrert årsrapport 2019

TekBot februar 13, 2020, 10:24pm #72

GJF: Integrated annual report 2019

TekBot mars 3, 2020, 7:31am #73

Innkalling til ordinær generalforsamling 2020

TekBot mars 3, 2020, 7:31am #74

Notice of Annual General Meeting 2020

TekBot mars 5, 2020, 1:09pm #75

Ny rente

TekBot mars 20, 2020, 5:54pm #76

GJF: Adjusted dividend proposal. Invitation to conference call.

The Board of Gjensidige Forsikring ASA has today resolved to withdraw the
proposal of a special dividend of NOK 5.00 per share, to be voted on at the
General Meeting on 26 March 2020. The proposal of a regular dividend of NOK 7.25
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per share is maintained. As per the notice to the General Meeting published on 3
March, the Board will, in line with previous years’ practice, seek authorisation
to distribute additional dividend later this year.

The Gjensidige Group has a solid capital position to meet future uncertainties.
Adjusted for the amended dividend proposal, the solvency margin as of 31
December 2019 would have been 231 per cent. As of 19 March 2020, it is estimated
at 211 per cent (188 per cent based on the original dividend proposal).

The ongoing situation in the wake of the Covid-19 outbreak is a significant
global challenge, with wide implications for businesses and societies. The
change in the dividend proposal is a precautionary measure in light of the
prevailing uncertainties for economic development in our markets.

Based on the current extraordinary situation, we believe it is in the best
interest of the company to have a cautious stance until we have more visibility
of the full implications of the economic development. We remain committed to our
dividend policy and continued focus on long-term value-creation, Chair Gisele
Marchand says.

To date, the impacts on Gjensidige’s employees and business have been limited
and we maintain good customer services. All critical business functions are
operating well and the total impact on Group claims has been limited. The
investment portfolios have been negatively impacted by the significant market
movements.

All financial targets remain unchanged, and the amendment does not entail any
change in the Group dividend policy.

Members of Gjensidige’s management team will be available for questions from
investors and analysts at a conference call on Monday 23 March at 08:00 CET. The
meeting will be held in English. A replay will be available after the call.

Dial-in details:
Norway: +47 800 51025 UK/ Europe: +44 (0) 800 358 6374 USA: +1 866-519-2796
Other locations: Please choose one of the above.

Confirmation code: 185866

The amended proposal for item 6 on the agenda for the General Meeting on 26
March 2020 is attached to this disclosure. The amended proposal will also be
made available on Gjensidige’s web pages, www.gjensidige.no/corporate
-governance.

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

Contact person 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

Kilde

TekBot mars 20, 2020, 6:00pm #77

GJF: Justert utbytteforslag. Invitasjon til telefonkonferanse.

Styret i Gjensidige Forsikring ASA har i dag vedtatt å trekke forslaget om
utdeling av overskuddskapital på 5,00 kroner per aksje, som det skal stemmes
over på generalforsamlingen 26. mars 2020. Forslaget om et utbytte basert på
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årets resultat på 7,25 kroner per aksje opprettholdes. I henhold til
innkallingen til generalforsamlingen offentliggjort 3. mars, vil styret, i tråd
med tidligere praksis, søke godkjennelse til å kunne dele ut ytterligere utbytte
senere i år.

Konsernet har en solid kapitalbase for å møte usikkerheten i tiden fremover.
Justert for det endrede utbytteforslaget, ville solvensmarginen per 31. desember
2019 vært 231 prosent. Pr 19. mars 2020 er den estimert til å være 211 prosent
(188 prosent basert på det opprinnelige utbytteforslaget).

Den pågående situasjonen i kjølvannet av Covid-19 utbruddet er en betydelig
global utfordring, med store konsekvenser for både virksomheter og samfunn.
Endringen i utbytteforslaget er et føre-var-tiltak i lys av den rådende
usikkerheten om den videre økonomiske utviklingen i våre markeder.

Basert på den ekstraordinære situasjonen vi nå opplever, mener vi at det er
til det beste for selskapet å ha en forsiktig holdning til vi får et tydeligere
bilde av implikasjonene for den økonomiske utviklingen. Vi opprettholder vår
utbyttepolitikk og fokuset på langsiktig verdiskaping, sier styreleder Gisele
Marchand.

Fram til nå har imidlertid påvirkningen på Gjensidiges ansatte og virksomhet
vært begrenset, og vi opprettholder god kundebetjening. Alle forretningskritiske
funksjoner fungerer godt, og den totale effekten på konsernets erstatningskrav
har vært begrenset. Investeringsporteføljene er negativt påvirket av de
betydelige markedsbevegelsene.

Alle finansielle mål opprettholdes, og justeringen innebærer ingen endring i
konsernets utbyttepolitikk.

Medlemmer av Gjensidiges konsernledelse vil være tilgjengelige for spørsmål fra
investorer og analytikere på en telefonkonferanse mandag 23. mars kl. 08:00
norsk tid. Møtet vil bli holdt på engelsk. Et opptak vil være tilgjengelig etter
telefonkonferansen.

Oppringingsdetaljer:
Norge: +47 800 51025 UK/ Europa: +44 (0) 800 358 6374 USA: +1 866-519-2796
Andre lokasjoner: Vennligst velg en av de nevnte.

Bekreftelseskode: 185866

Revidert forslag til sak 6 på dagsorden til generalforsamlingen 26. mars 2020
følger vedlagt. Det reviderte forslaget gjøres også tilgjengelig på Gjensidiges
nettsider www.gjensidige.no/foretaksstyring.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven § 5-12.

Kontaktpersoner i Gjensidige Forsikring ASA:
IR-direktør: Mitra H. Negård, Tel: +47 957 93 631
Kommunikasjonsdirektør: Øystein Thoresen, Tel: +47 952 33 382

Kilde

TekBot mars 20, 2020, 6:04pm #78

Key information relating to the cash dividend to be paid by Gjensidige Forsikring ASA

TekBot mars 20, 2020, 6:06pm #79

Nøkkelinformasjon ved kontantutbytte til betaling fra Gjensidige Forsikring ASA

E24Bot mars 25, 2020, 4:25pm #80