Gjensidige | Latest News & Updates - Oct 22, 2024 Release

Gjensidige CEO Geir Holmgren announced a pre-tax profit of NOK 2.215 billion for Q3, with insurance revenue up nearly 12% and plans to introduce a new metric, distribution efficiency, in Q4 2023...


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Gjensidige

🌎 gjensidige.lv

Gjensidige is a leading Nordic insurance group offering insurance products in Norway, Denmark, Sweden, and the Baltic states. In addition to insurance, they also provide banking, pension, and savings services in Norway. In the Baltics, Gjensidige operates as ADB Gjensidige with branches in Latvia and Estonia.


Gjensidige - Latest News and Updates

  • Gjensidige CEO Geir Holmgren announced a pre-tax profit of NOK 2.215 billion for Q3, with insurance revenue up nearly 12% and plans to introduce a new metric, distribution efficiency, in Q4 2023.
  • Gjensidige reported an 83.9% combined ratio for Q3 2024, improving by 3.5 percentage points from the previous year.
  • Gjensidige's CEO Geir Holmgren announced that despite increased third-quarter earnings, the company will not meet its 2024 combined ratio target.
  • Gjensidige continues to lose money on Danish private customers despite price increases, while profits from Danish business insurance grow significantly.
  • Gjensidige Pensjonsforsikring has invested in Nuveen's new global credit strategy aimed at creating social and environmental impact.
  • Gjensidige Baltic offers travel insurance covering emergency medical assistance up to 100,000 EUR, including repatriation costs of 25,000 EUR.
  • Gjensidige held its annual Analytics Summit 2024 in Oslo, led by Kasparas Čiužas, with 250 participants from five countries discussing AI advancements and challenges.

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