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Gjensidige Forsikring ASA (GJFS.OL)

GJFS.OL on Oslo Stock Exchange

132.20NOK
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Volume
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kr162.20
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Latest Key Developments (Source: Significant Developments)

Gjensidige sees Q3 provisions of NOK 160 mln
Thursday, 11 Oct 2018 02:00am EDT 

Oct 11 (Reuters) - Gjensidige Forsikring ASA ::PROVISIONS IN THE THIRD QUARTER OF 2018.WILL RECORD PROVISIONS OF APPROXIMATELY NOK 160 MILLION IN Q3 OF 2018 RELATED TO ONGOING RESTRUCTURING MEASURES, AND EXPECTED CLAIMS FOR DAMAGED AGRICULTURAL CROPS IN NORWAY.AS A RESULT OF CONTINUING FOCUS ON IMPROVED DISTRIBUTION EFFICIENCY, GJENSIDIGE WILL CLOSE EIGHT BRANCH OFFICES IN NORWAY, INVOLVING STAFF REDUCTION AND TERMINATION OF PROPERTY LEASE CONTRACTS.IN ADDITION, GROUP HAS REDUCED STAFF IN SWEDEN AND DENMARK.WILL RECORD A RESTRUCTURING PROVISION OF APPROXIMATELY NOK 80 MILLION IN Q3 OF 2018.HOT AND DRY WEATHER THIS SUMMER HAS RESULTED IN SIGNIFICANT DAMAGES ON AGRICULTURAL CROPS IN NORWAY.DAMAGES ON CROPS IN NORWAY RELATED TO DROUGHT ARE TO A LARGE EXTENT COVERED BY NORWEGIAN GOVERNMENT.HOWEVER, GJENSIDIGE COVERS PARTS OF DAMAGES, BEYOND COMPENSATION FROM GOVERNMENT.THERE IS LIMITED VISIBILITY ON OUTCOME FOR GJENSIDIGE AT THIS POINT OF TIME. BASED ON CURRENT BEST ESTIMATE, GJENSIDIGE WILL RECORD CLAIMS PROVISIONS OF NOK 80 MILLION, RELATED TO CROP DAMAGES, IN Q3.  Full Article

Gjensidige Forsikring Board approves 2017 dividend of NOK 7.10 per share
Thursday, 5 Apr 2018 12:45pm EDT 

April 5 (Reuters) - Gjensidige Forsikring ASA ::APPROVED BOARD'S PROPOSAL TO DISTRIBUTE A DIVIDEND FOR 2017 OF NOK 7.10 PER SHARE BASED ON PROFIT FOR YEAR.  Full Article

Gjensidige Q3 pretax profit above forecast
Thursday, 26 Oct 2017 01:00am EDT 

Oct 26 (Reuters) - Gjensidige Forsikring Asa :Gjensidige q3 pretax profit nok ‍1.72 bln (Reuters poll nok 1.52 billion).Gjensidige q3 combined ratio ‍81.0​ percent (Reuters poll 84.4 percent).Says large losses were lower than in the third quarter 2016, below the level that is normally expected.The Board remains confident in Gjensidige’s ability to deliver solid earnings and dividend growth over time .Strong underwriting profitability is expected to offset a challenging environment as regards achieving investment returns.Repeats guidance for combined ratio.Says the macroeconomic situation is improving, and the outlook for the Norwegian and Nordic general insurance operations is regarded as good.Says new, profitable opportunities for growth will be considered in the Nordic region and the Baltic states in order to ensure good utilisation of a scalable business model and best practice.  Full Article

Gjensidige Bank in SEK 200 mln bond issue
Friday, 20 Oct 2017 07:38am EDT 

Oct 20 (Reuters) - Gjensidige Forsikring Asa :Gjensidige bank asa: new senior unsecured SEK bond and buy-back in GJEB17.‍gjensidige bank asa today issued SEK 200 million in a new senior bond. Bond has floating interest rate and maturity date 27 october 2022.Gjensidige Bank ASA has at the same time repurchased nominal NOK 230 million in GJEB17 from the market​.  Full Article

Gjensidige Chairman Inge Hansen to step down in 2018
Tuesday, 17 Oct 2017 09:48am EDT 

Oct 17 (Reuters) - Gjensidige Forsikring Asa :Gjensidige forsikring asa: Chairman of the Board Inge K. Hansen do not seek re-election in 2018.‍Hansen has been chairman of board at Gjensidige since 2008​.‍Nomination committee will immediately start process to find Hansen's successor​.  Full Article

Gjensidige q2 result below forecast
Friday, 14 Jul 2017 01:00am EDT 

July 14 (Reuters) - Gjensidige Forsikring Asa :Gjensidige q2 pretax profit nok 1,503 million (Reuters poll nok 1.59 billion) vs 1,709 mln in Q2 2016.Gjensidige q2 combined ratio 85.0 percent (Reuters poll 82.8 percent) vs 79 pct in Q2 2016.  Full Article

Gjensidige wins FSA approval to acquire own shares
Monday, 12 Jun 2017 02:45am EDT 

June 12 (Reuters) - Gjensidige Forsikring Asa :FSA approval to acquire own shares.Reference is made to the authorization to acquire own shares in the market corresponding to up to 5 per cent of the share capital granted by the General Meeting on 6 April 2017.The Norwegian FSA has approved the authorization however contingent upon the group solvency margin (standard formula) not falling below 140 percent.  Full Article

BRIEF-Gjensidige Q1 pretax profit beats forecast
Thursday, 4 May 2017 01:00am EDT 

Rpt with no changes to text:Gjensidige q1 pretax profit nok 1,365 million (Reuters poll nok 1.24 billion).Gjensidige q1 combined ratio 86.8 percent (Reuters poll 88.5 percent).Adjusted for a one-off related to pension payments of nok 476.6 million, underwriting result in q1 2016 was a record-strong nok 774.1 million, corresponding to a combined ratio of 86.0.Remains confident in gjensidige’s ability to deliver solid earnings and dividend growth over time..Repeats target for combined ratio at the lower end of the target corridor of 90–93 (undiscounted and given zero run-off effects) and sees average annual run-off gains the next 3-5 years of around NOK 900 million, moving the expected reported combined ratio to the lower end of the 86-89 corridor (undiscounted).Says although the macroeconomic situation is still somewhat challenging, the outlook for the Norwegian and Nordic general insurance operations is still regarded as good. .  Full Article

Gjensidige Q1 pretax profit beats forecast
Thursday, 4 May 2017 01:00am EDT 

May 4 (Reuters) - Gjensidige Forsikring Asa :Gjensidige q1 pretax profit nok 1,365 million (Reuters poll nok 1.24 billion).Gjensidige q1 combined ratio 86.8 percent (Reuters poll 88.5 percent).Adjusted for a one-off related to pension payments of nok 476.6 million, underwriting result in q1 2016 was a record-strong nok 774.1 million, corresponding to a combined ratio of 86.0.Remains confident in gjensidige’s ability to deliver solid earnings and dividend growth over time..Repeats target for combined ratio at the lower end of the target corridor of 90–93 (undiscounted and given zero run-off effects) and sees average annual run-off gains the next 3-5 years of around NOK 900 million, moving the expected reported combined ratio to the lower end of the 86-89 corridor (undiscounted).Says although the macroeconomic situation is still somewhat challenging, the outlook for the Norwegian and Nordic general insurance operations is still regarded as good. .  Full Article

Gjensidige board member bought 3,500 shares
Friday, 10 Feb 2017 07:31am EST 

Gjensidige Forsikring Asa :John Giverholt, board member in Gjensidige Forsikring asa, has today bougt 3,500 shares in Gjensidige at nok 134.20 per share.  Full Article