Gjensidige forsikring (GJF)

[TekBot]

Primary insider trade

Erik Ranberg, CIO in Gjensidige Forsikring ASA, has on 10.06.2021 bought shares
in Gjensidige Forsikring ASA. See attachment for further details.

…

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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

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Invitation to the presentation of Gjensidige’s results for the 2nd quarter 2021

Gjensidige Forsikring Group (OSE:GJF) will publish the results for the 2nd
quarter 2021 on 14 July at 7.00 CET.

…

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14 July (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: 7892520

Norway: +47 2100 2610 UK/ Europe: +44 (0)330 336 9105 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 14 July
at approximately 12.00 CET.

Replay phone number: +47 23 50 00 77 Replay passcode: 7892520

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 12
July. 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.

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Correction - New dial-in details Norway. Invitation to the presentation of Gjensidige’s results for the 2nd quarter 2021

Gjensidige Forsikring Group (OSE:GJF) will publish the results for the 2nd
quarter 2021 on 14 July at 7:00 CET.

…

Vis børsmeldingen

14 July (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: 7892520

Norway: +47 23 50 20 07 UK/ Europe: +44 (0)330 336 9105 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 14 July
at approximately 12:00 CET.

Replay phone number: +47 23 50 00 77 Replay passcode: 7892520

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 12
July. 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.

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

GJF, GJF01-GJF04: S&P affirms A ratings on Gjensidige and revises outlook to positive; BBB+ rating on tier 2 debt and BBB rating on restricted tier 1 subordinated debt affirmed

Please see appendix for detailed information.

Contact persons, Gjensidige Forsikring ASA:
…

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Head of Investor Relations, Mitra Hagen Negård, Tel: +47 957 93 631

Investor Relations Officer, Kjetil Gill Østvold, Tel: 468 63 004

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Veldig solid resultat i andre kvartal

Solid drift, effektive pristiltak, god risikoseleksjon og streng
kostnadskontroll resulterte i et rekordhøyt forsikringsresultat for andre
kvartal. Et sterkt finansresultat bidro til det solide kvartalsresultatet.
…

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Gjensidiges utsikter er fortsatt lovende.

Gjensidige Forsikring konsern fikk et resultat før skatt på 2 330,2 millioner
kroner (2 476,8) i kvartalet. Resultat etter skatt ble 1 819,2 millioner kroner
(1 952,1), tilsvarende 3,64 kroner (3,90) per aksje. Resultatet fra
skadeforsikringsvirksomheten, målt ved forsikringsresultatet, ble 1 527,0
millioner kroner (1 343,8), tilsvarende en combined ratio på 78,7 (80,1).

• Vi er veldig fornøyde med de sterke resultatene vi fortsetter å levere. Dette
  er i stor grad et resultat av vår solide merkevare, effektive drift og dedikerte
  medarbeidere som legger stor vekt på å betjene våre kunder hver dag, sier
  konsernsjef Helge Leiro Baastad. I Norge fortsetter forretningen å gå veldig
  bra, vi har god fremgang i vår danske virksomhet, mens lønnsomheten i Sverige og
  Baltikum ikke er tilfredsstillende. Fremover vil vi fortsette å fokusere på
  vekst i våre markeder. Sammen med sterk og effektiv drift er dette en
  forutsetning for å fortsette å levere solide resultater og attraktiv avkastning,
  sier Baastad.

Covid-19-pandemien hadde en positiv innvirkning på konsernets
erstatningskostnader, som anslås til om lag 119 millioner kroner (132),
tilsvarende 1,7 prosentpoeng på skadeprosenten. Den positive effekten skyldes
hovedsakelig redusert reisevirksomhet.

Premieinntektene fra skadeforsikring økte med 6,1 prosent til 7 175,4 millioner
kroner (6 765,3) for kvartalet. I lokal valuta økte premiene med 8,6 prosent.
Premieinntektene økte takket være solide fornyelser og effektiv differensiert
prising. Forsikringsresultatet økte, hovedsakelig som følge av premievekst. Den
underliggende frekvensskadeprosenten ble forbedret med 1,0 prosentpoeng
sammenlignet med samme kvartal i fjor, drevet av segmentene Privat og
Næringsliv. Justert for effektene av covid-19-relaterte krav gikk den
underliggende frekvensskadeprosenten ned med 2,4 prosentpoeng.

Pensjonssegmentet fikk et sterkere resultat i perioden, drevet av økte
driftsinntekter.

Finansavkastningen var 1,3 prosent (1,9), tilsvarende 802,1 millioner kroner
(1 158,5). Bedrede utsikter til økonomisk vekst, høyere inflasjon og stabilt
lave renter og kredittmarginer drev resultatet for sykliske aktiva som aksjer,
råvarer og eiendom dette kvartalet.

For første halvår fikk konsernet et resultat før skatt på 3 927,3 millioner
kroner (1 979,7). Resultatet fra skadeforsikringsvirksomheten, målt ved
forsikringsresultatet, ble 2 566,9 millioner kroner (2 401,4), tilsvarende en
combined ratio på 81,9 (82,0). Finansavkastningen ble 2,3 prosent (-0,6),
tilsvarende 1 358,3 millioner kroner (-360,8). Resultat etter skattekostnad ble
3 159,6 millioner kroner (1 472,8). Resultat per aksje ble 6,32 kroner (2,95).

Bedringen i forsikringsresultatet var drevet av 6,1 prosent vekst i
premieinntekter og høyere avviklingsgevinster som delvis ble utlignet av økning
i storskader og driftskostnader. Premieinntektene økte med 7,5 prosent i lokal
valuta. Den rapporterte underliggende frekvensskadeprosenten var stort sett i
tråd med samme periode i fjor. Justert for effektene av vær- og covid-19
-relaterte krav ble den underliggende frekvensskadeprosenten forbedret med 1,6
prosentpoeng.

Pensjonssegmentet oppnådde et bedre resultat takket være økte drifts- og
finansinntekter.

Finansavkastningen var 2,3 prosent (0,6), tilsvarende 1 358,3 millioner kroner
(minus 360,8).

Hovedpunkter 2. kvartal 2021 (2. kvartal 2020)

· Resultat før skatt: 2 330,2 millioner kroner (2 476,8)
· Resultat per aksje: 3,64 kroner (3,90)
· Premieinntekter: 7 175,4 millioner kroner (6 765,3)
· Forsikringsresultat: 1 527,0 millioner kroner (1 343,8)
· Combined ratio: 78,7 (80,1)
· Kostnadsandel: 14,2 (14,5)
· Finansresultat: 802,1 millioner kroner (1 158,5)

Hovedpunkter hittil i 2021 (2020)

· Resultat før skatt: 3 927,3 millioner kroner (1 979,7)
· Resultat per aksje: 6,32 kroner (2,95)
· Premieinntekter: 14 148,7 millioner kroner (13 335,8)
· Forsikringsresultat: 2 566,9 millioner kroner (2 401,4)
· Combined ratio: 81,9 (82,0)
· Kostnadsandel: 14,4 (14,8)
· Finansresultat: 1 358,3 millioner kroner (minus 360,8)

Denne meldingen inneholder alternative resultatmål (APM). APM er beskrevet på
www.gjensidige.no/reporting i et dokument som heter APMs Gjensidige Forsikring
Group Q2 2021.
Denne meldingen har blitt publisert av Jon Aniksdal, som er kommunikasjonssjef i
Gjensidige Forsikring ASA.
Dato og tid for publisering: 07:00 CET, 14. juli 2021.

Denne meldingen er informasjonspliktig etter verdipapirhandelloven §5-12.

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 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 2020, mens forvaltningskapitalen utgjorde 118
milliarder kroner.

Kilde

[TekBot]

Very solid second quarter results

Strong operations, effective pricing measures, good risk selection and stringent
cost control resulted in a record high second quarter underwriting result. A
strong financial result contributed to the solid result for the quarter.
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Gjensidige’s outlook remains promising.

.Gjensidige Forsikring Group recorded a profit before tax of NOK 2,330.2 million
(2,476.8) for the quarter. The profit after tax expense was NOK 1,819.2 million
(1,952.1) and the corresponding earnings per share were NOK 3.64 (3.90). The
profit from general insurance operations measured by the underwriting result was
NOK 1,527.0 million (1,343.8), corresponding to a combined ratio of 78.7 (80.1).

• We are very pleased with the strong results we continue to deliver. This is to
  a large degree a result of our solid brand, efficient operations and dedicated
  employees who put strong efforts in serving our customers every day, says CEO
  Helge Leiro Baastad. In Norway operations continue to run very well, we have
  good progress in our Danish operations, while the profitability in Sweden and
  the Baltics is not satisfactory. Going forward, we will continue to focus on
  growth in our markets. Together with strong and efficient operations, this is a
  prerequisite to continue delivering solid results and attractive returns,
  Baastad says.
  The Covid-19 pandemic had a positive impact on the Group’s claims, estimated at
  approximately NOK 119 million (132), corresponding to 1.7 percentage points on
  the loss ratio. The positive effect was primarily due to less travel activity.

Earned premiums from general insurance increased by 6.1 per cent to NOK 7,175.4
million (6,765.3) for the quarter. Measured in local currency, premiums
increased by 8.6 per cent. Earned premiums increased due to solid renewals and
effective and differentiated pricing measures. The underwriting result increased
primarily due to premium growth. The underlying frequency loss ratio improved by
1.0 percentage points compared with the same quarter last year, driven by
Private and Commercial. Adjusted for the effects of the Covid-19 claims, the
underlying frequency loss ratio improved by 2.4 percentage points.

The Pension segment generated a higher profit for the period, driven by higher
operating income.

The return on financial assets was 1.3 per cent (1.9) or NOK 802.1 million
(1,158.5). An improved outlook for economic growth, higher inflation and low and
stable interest rates and credit margins drove the performance of cyclical
assets such as equities, commodities and real estate during the quarter.

For the first-half year, the Group recorded a profit before tax of NOK 3,927.3
million (1,979.7). The profit from general insurance operations measured by the
underwriting result was NOK 2,566.9 million (2,401.4), corresponding to a
combined ratio of 81.9 (82.0). The return on financial assets was 2.3 per cent
(minus 0.6) or NOK 1,358.3 million (minus 360.8). The profit after tax expense
was NOK 3,159.6 million (1,472.8). Earnings per share amounted to NOK 6.32
(2.95).

The increase in the underwriting result was driven by 6.1 per cent growth in
earned premiums and higher run-off gains, partly offset by higher large losses
and operating expenses. Earned premiums rose 7.5 per cent in local currency. The
reported underlying frequency loss ratio was broadly in line with the same
period last year. Adjusted for the effects of the weather- and Covid-19 claims,
the underlying frequency loss ratio improved by 1.6 percentage points.

The Pension segment recorded a higher profit due to higher operating and
financial income.

The return on financial assets was 2.3 per cent (0.6) or NOK 1,358.3 million
(minus 360.8).

Highlights second quarter 2021 (second quarter 2020)

· Profit/(loss) before tax: NOK 2,330.2 million (2,476.8)
· Earnings per share: NOK 3.64 (3.90)
· Earned premiums: NOK 7,175.4 million (6,765.3)
· Underwriting result: NOK 1,527.0 million (1,343.8)
· Combined ratio: 78.7 (80.1)
· Cost ratio: 14.2 (14.5)
· Financial result: NOK 802.1 million (1,158.5)

Highlights year-to-date 2021 (2020)

· Profit/(loss) before tax: NOK 3,927.3 million (1,979.7)
· Earnings per share: NOK 6.32 (2.95)
· Earned premiums: NOK 14,148.7 million (13,335.8)
· Underwriting result: NOK 2,566.9 million (2,401.4)
· Combined ratio: 81.9 (82.0)
· Cost ratio: 14.4 (14.8)
· Financial result: NOK 1,358.3 million (minus 360.8)

This release contains alternative performance measures (APMs). APMs are
described at www.gjensidige.no/reporting in a document named APMs Gjensidige
Forsikring Group Q2 2021.
This release is issued by Jon Aniksdal, Communication Manager at Gjensidige
Forsikring ASA.
Date and time of publication: 07:00 CET, 14 July 2021
This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Contacts:
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 2020, while total
assets were NOK 118 billion.

Kilde

[E24Bot]

Gjensidige slo forventningene - tjente over to milliarder

Gjensidige slo forventningene - tjente over to milliarder

[E24Bot]

Gjensidige tjente over to milliarder: – Dette er pansertall

Gjensidige tjente over to milliarder: – Dette er pansertall

[TekBot]

Acquisition of own shares / primary insider trades (release 1 of 2)

On behalf of Gjensidige (OSE:GJF), DNB has on 15 July 2021 acquired 89 656
shares in Gjensidige Forsikring ASA, LEI 5967007LIEEXZX6FAO47, ISIN NO0010582521
on Oslo Børs. 72 169 shares have been sold to employees, at a price of NOK
…

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204,341 per share, as part of the Gjensidige share savings scheme 2021.
Acquisition of shares for the share savings scheme for the second quarter 2021
is now completed.

Primary insiders in Gjensidige Forsikring ASA have on 15 July 2021 received
shares in Gjensidige Forsikring ASA as part of the Gjensidige share savings
scheme 2021.

Gjensidige now owns 32 556 own shares.For a description of the share savings
scheme, see stock exchange release dated 17 December 2020.

See 6 of total 10 attachment(s) for details on the acquisition of primary
insider trades.

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

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Acquisition of own shares / primary insider trades (release 2 of 2)

With reference to stock exchange release of 15 July 23:06 CET. See remaining 4
of total 10 attachments for details on the acquisition of primary insider
trades.
…

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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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Acquisition of own shares / primary insider trades, correction

Reference is made to stock exchange releases of 15 July regarding acquisition of
own shares / primary insider trades. Attached is additional disclosures with
details on primary insider trades.
…

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Contacts:

Head of Investor Relations: Mitra Hagen 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 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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Primary insider trade

Terje Seljeseth, board member in Gjensidige Forsikring ASA, has on 17.09.2021
bought shares in Gjensidige Forsikring ASA. See attachment for further details.

…

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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

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Invitation to Gjensidige Forsikring’s virtual Capital Markets Day on 24 November 2021

Gjensidige Forsikring (OSE:GJF) will host a virtual Capital Markets Day on 24
November 2021. Please find attached the invitation to the event.

…

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Contact persons, Gjensidige Forsikring ASA:

Head of Investor Relations, Mitra Hagen Negård, tel. +47 957 93 631

Investor Relations Officer, Kjetil Gill Østvold, tel. +47 468 63 004

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 2020, while total
assets were NOK 118 billion.

Kilde

[TekBot]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Invitation to the presentation of Gjensidige’s results for the 3rd quarter 2021

Gjensidige Forsikring (OSE:GJF) will publish the results for the 3rd quarter
2021 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: 1613779

Norway: +47 2350 2007 UK/ Europe: +44 (0)330 336 9105 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: 1613779

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]

Ny rente

Se vedlegg på www.newsweb.no
…

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Kilde

[TekBot]

Very solid third quarter result

Strong operations, effective pricing measures, good risk selection and stringent
cost control resulted in a record-high third-quarter underwriting result. The
return on financial assets was moderate, reflecting market conditions.
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Gjensidige’s outlook remains promising. The Board has decided to distribute a
special dividend of NOK 4.00 per share.

Gjensidige Forsikring Group recorded a profit before tax of NOK 2,022.0 million
(2,048.4) for the quarter. The profit after tax was NOK 1,495.1 million
(1,550.6) and the corresponding earnings per share were NOK 2.99 (3.10). The
profit from general insurance operations measured by the underwriting result was
NOK 1,804.0 million (1,512.3), corresponding to a combined ratio of 76.0 (78.2).
The main contributors to the improvement were Commercial and Denmark.

The Board has decided to distribute excess capital of NOK 2,000 million,
corresponding to NOK 4.00 per share. The decision was made on the basis of the
Board’s authorisation to determine distribution of dividend, granted by the
General Meeting on 24 March 2021. The distribution is in accordance with the
current capital strategy and dividend policy. The payment of the dividend is
pending approval from the Financial Supervisory Authority of Norway. Relevant
key dates will be announced upon approval.

• We are very pleased with the strong results we continue to deliver. We will
  continue to focus on growth in our markets. Together with strong and efficient
  operations and dedicated employees, this is a prerequisite to delivering solid
  results and attractive returns, says CEO Helge Leiro Baastad.

The Covid-19 pandemic had a positive impact on the Group’s claims, estimated at
approximately NOK 64 million (41), corresponding to 0.9 percentage points (0.6)
on the loss ratio. The positive effect was primarily due to less travel
activity.

Earned premiums from general insurance increased by 8.2 per cent to NOK 7,516.1
million (6,949.0) in the quarter. Measured in local currency, premiums increased
by 9.1 per cent. Earned premiums increased due to solid renewals and effective
and differentiated pricing measures. The increase in the underwriting result was
primarily due to premium growth. The underlying frequency loss ratio improved by
1.4 percentage points compared with the same quarter last year, driven by
Private, Commercial, Denmark and Sweden. Adjusted for the effects of Covid-19
claims, the underlying frequency loss ratio improved by 1.6 percentage points.

The Pension segment generated a higher profit for the period, driven by an
increase in operating income.

The return on financial assets was 0.3 per cent (0.9) or NOK 207.5 million
(550.6). Moderation of expectations for economic growth and somewhat increased
expectations for inflation resulted in mixed returns for the different asset
classes. Returns on cyclical assets such as equities were tempered, although
there was dispersion across the markets. Real estate and credit performed well.

Year-to-date, the Group recorded a profit before tax of NOK 5,949.3 million
(4,028.1). The profit from general insurance operations measured by the
underwriting result was NOK 4,370.9 million (3,913.8), corresponding to a
combined ratio of 79.8 (80.7). The profit after tax expense was NOK 4,654.7
million (3,023.4). Earnings per share amounted to NOK 9.31 (6.05). The increase
in the underwriting result was driven by 6.8 per cent growth in earned premiums
and higher run-off gains, partly offset by higher large losses. Earned premiums
rose 8.1 per cent measured in local currency. The reported underlying frequency
loss ratio improved somewhat compared with the same period last year. Adjusted
for the effects of the weather- and Covid-19 claims, the underlying frequency
loss ratio improved by 1.6 percentage points.

The Pension segment recorded a higher profit due to higher operating and
financial income.

The return on financial assets was 2.6 per cent (0.3) or NOK 1,565.7 million
(189.8). The rise in interest rates year-to-date had a negative impact on fixed
income investments with long duration. At the same time, lower credit margins
contributed positively. There were also some positive effects from higher
inflation (lower real rates) in the fixed income portfolio. Net of these changes
gave a modest positive return on fixed income securities for the period. An
improved outlook for economic recovery supported returns on fixed income
securities with credit exposure, equities, commodities and real estate.

Highlights third quarter 2021 (third quarter 2020)

· Profit/(loss) before tax: NOK 2,022.0 million (2,048.4)
· Earnings per share: NOK 2.99 (3.10)
· Earned premiums: NOK 7,516.1 million (6,949.0)
· Underwriting result: NOK 1,804.0 million (1,512.3)
· Combined ratio: 76.0 (78.2)
· Cost ratio: 13.6 (13.9)
· Financial result: NOK 207.5 million (550.6)

Highlights year-to-date 2021 (2020)

· Profit/(loss) before tax: NOK 5,949.3 million (4,028.1)
· Earnings per share: NOK 9.31 (6.05)
· Earned premiums: NOK 21,664.8 million (20,284.8)
· Underwriting result: NOK 4,370.9 million (3,913.8)
· Combined ratio: 79.8 (80.7)
· Cost ratio: 14.1 (14.5)
· Financial result: NOK 1,565.7 million (189.8)

Declared dividend

· Special dividend: NOK 2,000 million, corresponding to NOK 4.00 per share

This release contains alternative performance measures (APMs). APMs are
described at www.gjensidige.no/reporting in a document named APMs Gjensidige
Forsikring Group Q3 2021.
This release is issued by Jon Aniksdal, Communication Manager at Gjensidige
Forsikring ASA.
Date and time of publication: 07:00 CET, 20. October 2021

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

Contactpersons, 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 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 2020, while total
assets were NOK 118 billion.

Kilde

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GJF: Declaration of special dividend

The Board has decided to distribute excess capital of NOK 2,000 million,
corresponding to NOK 4.00 per share. The decision was made on the basis of the
Board’s authorisation to determine distribution of dividend, granted by the
…

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General Meeting on 24 March 2021. The distribution is in accordance with the
current capital strategy and dividend policy.

The payment of the dividend is pending approval from the Financial Supervisory
Authority of Norway. Relevant key dates will be announced upon approval.

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.

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

Date and time of publication : 07:00 CET, 20.10.2021

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