Gjensidige forsikring (GJF)

TekBot · juni 30, 2020, 10:37am

Renteregulering

TekBot · juli 14, 2020, 5:04am

Best ever second quarter result

Strong retention, effective pricing measures and solid renewals resulted in
continued high premium growth in the second quarter and a further improvement in
the underlying underwriting result. The investment return in the second quarter
…

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was high, reflecting the financial market rebound. The Group’s long term outlook
remains good. The capital position is significantly stronger than what is needed
to support the business. The Board maintains its intention to distribute
dividends to shareholders as soon as the situation allows.

Gjensidige Forsikring Group recorded a profit before tax of NOK 2,476.8 million
(1,722.9) for the quarter. The profit from general insurance operations measured
by the underwriting result was NOK 1,343.8 million (1,257.6), corresponding to a
combined ratio of 80.1 (79.3). The return on financial assets was 1.9 per cent
(0.9) or NOK 1,158.5 million (512.9). The profit after tax was NOK 1,952.1
million (1,341.5). Earnings per share amounted to NOK 3.90 (2.68).

-We are very satisfied with delivering a record strong second quarter result and
maintaining solid operations. Our market position remains strong. I am very
pleased with the efforts of our employees, taking good care of our customers in
these extraordinary times, says CEO Helge Leiro Baastad.

The increase in the underwriting result was driven by 11.2 per cent growth in
earned premiums and an improved underlying frequency loss ratio, partly offset
by lower run-off gains and higher large losses. Earned premiums rose 7.6 per
cent in local currency. The underlying frequency loss ratio improved due to
effective pricing measures and lower claims because of the pandemic. Overall the
Covid-19 pandemic had a slightly positive impact on the Group’s underwriting
result, with lower claims on several insurance products due to the pandemic,
partly offset by higher travel insurance claims. Covid-19 related claims for
travel insurance amounted to NOK 71.5 million, recognised in the Corporate
Centre.

The Pension operation recorded a lower profit due to higher operating expenses.

All asset classes contributed positively to the financial result in the second
quarter, reflecting lower interest rates and credit spreads in combination with
strong equity markets.

Year to date the Group recorded a profit before tax of NOK 1,979.7 million
(4,753.6). The result in the first half-year 2020 was significantly impacted by
negative returns on the investment portfolio, reflecting the turmoil in the
financial market in the wake of the Covid-19 situation. The corresponding result
in the first half-year 2019 included the gain from the sale of Gjensidige Bank
with NOK 1.6 billion. The profit from general insurance operations measured by
the underwriting result was NOK 2,401.4 million (2,055.7), corresponding to a
combined ratio of 82.0 (82.9).

The Covid-19 pandemic had a limited impact on the Group’s underwriting result in
the first half of 2020. Claims related to travel insurance increased
significantly, but reinsurance coverage limited net claims incurred to NOK 162.1
million, of which NOK 131.6 million was recognised in the Corporate Centre.
Several insurance products, in particular motor insurance, recorded lower claims
because of the pandemic, which had a positive impact on claims in all segments
except Sweden.

The profit after tax from continuing and discontinued operations was NOK 1,472.8
million (4,127.2) and the corresponding earnings per share were NOK 2.95 (8.25).

The return on financial assets was minus 0.6 per cent (plus 2.1) or minus NOK
360.8 million (plus 1,195.1). Current bonds in the match portfolio and high
yield bonds, convertible bonds, current equities and PE funds in the free
portfolio recorded negative results for the period.

Highlights second quarter 2020 (second quarter 2019)

· Profit/(loss) before tax: NOK 2,476.8 million (1,722.9)
· Earnings per share: NOK 3.90 (2.68)
· Earned premiums: NOK 6,765.3 million (6,082.8)
· Underwriting result: NOK 1,343.8 million (1,257.6)
· Combined ratio: 80.1 (79.3)
· Cost ratio: 14.5 (14.9)
· Financial result: NOK 1,158.5 million (512.9)

Highlights year to date 2020 (year to date 2019)

· Profit/(loss) before tax: NOK 1,979.7 million (4,753.6)
· Earnings per share: NOK 2.95 (8.25)
· Earned premiums: NOK 13,335.8 million (12,019.5)
· Underwriting result: NOK 2,401.4 million (2,055.7)
· Combined ratio: 82.0 (82.9)
· Cost ratio: 14.8 (14.9)
· Financial result: NOK minus 360.8 million (plus 1,195.1)

This release contains alternative performance measures (APMs). APMs are
described at www.gjensidige.no/reporting in a document named APMs Gjensidige
Forsikring Group Q2 2020.

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

Contacs:
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

E24Bot · juli 14, 2020, 5:11am

Rekordresultat for Gjensidige i andre kvartal - øker overskuddet til 2,48 milliarder kroner fra 1,72 milliarder

E24Bot · juli 14, 2020, 5:13am

Rekordresultat for Gjensidige i andre kvartal

E24Bot · juli 14, 2020, 1:43pm

Gjensidige-sjefen vil åpne utbyttekranen igjen: – Veldig viktig for oss

TekBot · juli 15, 2020, 6:54pm

Acquisition of own shares / primary insider trades

On behalf of Gjensidige (OSE:GJF), DNB has on 15 July 2020 acquired 64 107
shares. The shares have been acquired at an average price of NOK 194,5496 per
share.
…

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51 625 shares have been sold to employees, at a price of NOK 194,5496 per share,
as part of the Gjensidige share savings scheme 2020.

Acquisition of shares for the share savings scheme for the second quarter 2020
is now completed.

A total of 12 046 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 11 234 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 2019.

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

mhalvorsen · juli 16, 2020, 10:07am

Tanker rundt denne som en utbytteaksje?

stianv · juli 20, 2020, 7:25pm

Det er nok et godt og stabilt selskap som ønsker å gi utbytte. Vurderer selv inngang, men tror jeg først kjøper meg opp i Storebrand, da denne har kurs nesten pre-mars.

pleximus83 · august 22, 2020, 12:15pm

TekBot · august 28, 2020, 2:40pm

GJF: New employee representative in the Board

Lotte Kronholm Sjøberg has left her position as employee representative in the
Board of Gjensidige Forsikring ASA with effect from 1 September 2020. There has
been a supplementary list election of a new employee representative to the
…

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Board, and Sebastian Buur Gabe Kristiansen is today elected as new employee
representative, with effect from 1 September 2020.The Board now consists of the
following members:

Gisele Marchand, Chair

Eivind Elnan

Vibeke Krag

Tor Magne Lønnum

Hilde Merete Nafstad

Terje Seljeseth

Gunnar Robert Sellæg

Ellen Kristin Enger, employee representative

Ruben Pettersen, employee representative

Sebastian Buur Gabe Kristiansen, employee representative

For further information about the members of the Board, please see www.
gjensidige.no/group.

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

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

Kilde

TekBot · september 17, 2020, 8:58am

GJF: Declaration of dividend

At a board meeting today, the Board decided to distribute a dividend based on
the profit for the 2019 financial year of NOK 6,125 million. This corresponds to
NOK 12.25 per share, of which NOK 7.25 is a regular dividend and NOK 5.00 is a
…

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special dividend. The regular dividend corresponds to a pay-out ratio of 72 per
cent for the Group, adjusted for the gain from the sale of Gjensidige Bank. The
special dividend is related to proceeds from the bank sale. The Board has
utilised its authorisation to determine distribution of dividend, granted by the
Annual General Meeting on 25 May 2020.

Over NOK 2 billion of the dividend is expected to be passed on to Gjensidige’s
almost 1 million general insurance customers in Norway as customer dividend, via
Gjensidige’s largest shareholder Gjensidigestiftelsen, pending board approval in
Gjensidigestiftelsen.

The withdrawal of the dividend proposal earlier this year was based on
regulatory stance following the pandemic. The Board’s decision today to pay out
the dividend is based on clarification from the Norwegian Ministry of Finance in
a press release on 9 September, the Board’s view of reduced economic uncertainty
in general and Gjensidige’s very strong capitalisation. The Group’s solvency
margin as at 30 June 2020, assuming the declared dividend and based on the
approved Partial Internal Model, was 221 per cent. The Group solvency ratio
target is 150-200 per cent.

Shareholders registered on 21 September 2020 will be entitled to receive the
dividend. The ex-dividend date is 22 September 2020, and the record date is 23
September 2020. The dividend will be distributed on 30 September 2020.

This release contains alternative performance measures (APMs). APMs are
described at www.gjensidige.no/reporting in a document named APMs Gjensidige
Forsikring Group Q2 2020.

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

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

Kilde

TekBot · september 17, 2020, 9:06am

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

E24Bot · september 17, 2020, 9:37am

Gjensidige vedtar utbytte: Betaler ut 6,1 milliarder kroner

TekBot · september 22, 2020, 5:00am

Gjensidige Forsikring ASA: Ex dividend NOK 12.25 today

TekBot · september 29, 2020, 8:30am

Invitation to the presentation of Gjensidige’s results for the 3rd quarter 2020

Gjensidige Forsikring Group (OSE:GJF) will publish the results for the 3rd
quarter 2020 on 20 October at 7.00 CET.

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20 October (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 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:

Confirmation code: 8708058

Norway: +47 800 51084 UK/ Europe: +44 (0) 0800 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 20
October at approximately 12.00 CET.

Replay phone number: +47 23 50 00 77 Replay passcode: 8708058

11:00 CET

CEO Helge Leiro Baastad and CFO Jostein Amdal will be available for a Q&A
session for sell-side analysts via conference call. Sell-side analysts who wish
to attend can register by sending an e-mail to ir@gjensidige.no by the end of 18
October. Dial in details will be sent upon registration.

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 · september 30, 2020, 12:01pm

Renteregulering

TekBot · oktober 20, 2020, 5:01am

Beste kvartalsvise forsikringsresultat noensinne

Fortsatt solide kundebevaringstall, effektive og differensierte pristiltak, god
kostnadskontroll og en gunstig skadeutvikling resulterte i det beste
forsikringsresultatet noensinne for et kvartal, avviklingsgevinster ikke
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medregnet. Avkastningen på investeringsporteføljen var preget av fortsatt
oppgang i finansmarkedene. Konsernet har en solid kapitalposisjon, og
fremtidsutsiktene er fortsatt gode.

Gjensidige Forsikring konsern fikk et resultat før skatt på 2 048,4 millioner
kroner (1 271,5) i kvartalet. Resultatet fra skadeforsikringsvirksomheten, målt
ved forsikringsresultatet, ble 1 512,3 millioner kroner (1 061,1), tilsvarende
en combined ratio på 78,2 (83,2). Finansavkastningen var 0,9 prosent (0,5),
tilsvarende 550,6 millioner kroner (278,8). Resultat etter skatt ble 1 550,6
millioner kroner (993,2). Resultat per aksje ble 3,10 kroner (1,99).

Vi er veldig tilfredse med å levere et sterkt resultat i tredje kvartal,
inkludert det beste forsikringsresultatet for et kvartal noensinne. Vi leverer
solide resultater i Norge, og vår forretning utenfor Norge fortsetter å vise
fremgang. Jeg er også svært glad for at vi nok en gang er på omdømmetoppen i
norsk finansbransje og nummer seks uavhengig av bransje i den årlige Ipsos
-undersøkelsen, sier konsernsjef Helge Leiro Baastad.

Forsikringsresultatet var drevet av 10,0 prosent vekst i premieinntekter,
forbedret underliggende skadeprosent og lavere erstatninger knyttet til
storskader. Premieinntektene økte med 7,3 prosent i lokal valuta. Bedringen i
den underliggende frekvensskadeprosenten skyldes hovedsakelig effektive og
differensierte pristiltak. Covid-19-pandemien hadde en svakt positiv innvirkning
på konsernets erstatningskostnader, som anslås til om lag 41 millioner kroner,
tilsvarende 0,6 prosentpoeng på skadeprosenten. Dette var hovedsakelig knyttet
til reiseforsikring, som delvis ble motvirket av personforsikringer.

Pensjonsvirksomheten oppnådde et svakere resultat grunnet høyere driftsutgifter.

Samtlige aktivaklasser i investeringsporteføljen bidro positivt i tredje
kvartal, bortsett fra PE-fond. Avkastningen på de andre aktivaklassene
gjenspeilte lavere renter og kredittmarginer kombinert med sterke aksjemarkeder.

Hittil i år har konsernet et resultat før skatt på 4 028,1 millioner kroner
(6 025,2). Resultatet for de første ni månedene av 2020 ble betydelig påvirket
av negativ avkastning på investeringsporteføljen i første kvartal, noe som
gjenspeiler uroen i finansmarkedene som følge av Covid-19-situasjonen.
Tilsvarende resultat i de første ni månedene av 2019 inkluderte en gevinst på
1,6 milliarder kroner fra salget av Gjensidige Bank. Resultatet fra
skadeforsikringsvirksomheten, målt ved forsikringsresultatet, ble 3 913,8
millioner kroner (3 116,8), tilsvarende en combined ratio på 80,7 (83,0).

Resultat etter skatt fra løpende drift og avviklet virksomhet ble 3 023,5
millioner kroner (5 082,8), tilsvarende 6,05 kroner (10,24) per aksje.

Finansavkastningen var 0,3 prosent (2,6), tilsvarende 189,8 millioner kroner
(1 473,9). Covid-19-pandemien medførte en vesentlig nedgang i finansmarkedene
mot slutten av første kvartal, noe som ga en bred nedgang i de fleste
aktivaklassene. Dette forandret seg i andre og tredje kvartal, selv om markedene
ennå ikke har hentet seg helt inn igjen.

Hovedpunkter tredje kvartal 2020 (tredje kvartal 2019)

· Resultat før skatt: 2 048,4 mill. kroner (1 271,5)
· Resultat per aksje: 3,10 kroner (1,99)
· Premieinntekter: 6 949,0 mill. kroner (6 317,0)
· Forsikringsresultat: 1 512,3 mill. kroner (1 061,1)
· Combined ratio: 78,2 (83,2)
· Kostnadsandel: 13,9 (14,1)
· Finansresultat: 550,6 mill. kroner (278,8)

Spesielle forhold og hendelser

· Utbytte for 2019 ble utbetalt 30. september 2020: 6 125,0 millioner kroner,
tilsvarende 7,25 kroner per aksje basert på resultatet i 2019 og 5,00 kroner per
aksje som representerer utdeling av overskuddskapital.

Hovedpunkter hittil i 2020 (2019)

· Resultat før skatt: 4 028,1 mill. kroner (6 025,2)
· Resultat per aksje: 6,05 kroner (10,24)
· Premieinntekter: 20 284,8 mill. kroner (18 336,6)
· Forsikringsresultat: 3 913,8 mill. kroner (3 116,8)
· Combined ratio: 80,7 (83,0)
· Kostnadsandel: 14,5 (14,6)
· Finansresultat: 189,8 mill. kroner (1 473,9)

Denne meldingen inneholder alternative resultatmål (APM-er). APM-er er beskrevet
på www.gjensidige.no/rapportering i et dokument som heter Gjensidige konsern
alternative resultatmål Q3 2020.
Denne meldingen er informasjonspliktig etter verdipapirhandelloven §5-12.

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 3 700 medarbeidere og tilbyr skadeforsikring i Norge, Danmark,
Sverige og Baltikum. I Norge tilbyr vi også pensjon og sparing. Driftsinntektene
var 28 milliarder kroner i 2019, mens forvaltningskapitalen utgjorde 112
milliarder kroner.

Kilde

E24Bot · oktober 20, 2020, 5:10am

Gjensidige har aldri tjent mer på forsikring

E24Bot · oktober 20, 2020, 5:12am

Gjensidige melder om rekordresultat - tjente 2,05 milliarder kroner i tredje kvartal, opp fra 1,27 milliarder

TekBot · oktober 20, 2020, 5:29pm

Gjensidige forsikring (GJF)

Renteregulering

Best ever second quarter result

Acquisition of own shares / primary insider trades

GJF: New employee representative in the Board

GJF: Declaration of dividend

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

Gjensidige Forsikring ASA: Ex dividend NOK 12.25 today

Invitation to the presentation of Gjensidige’s results for the 3rd quarter 2020

Renteregulering

Beste kvartalsvise forsikringsresultat noensinne

Closely related party to CEO has purchased shares