Norway's Gjensidige Q2 insurance revenue rises on pricing, volume growth

Gjensidige Forsikring ASA

13/07/2026 06:10

Overview
Norway insurance group's Q2 insurance revenue rose 7.3% yr/yr on pricing and volume growth
Q2 insurance service result improved, excluding negative Danish court ruling impact
Combined ratio improved to 78.9% from 79.0%, reflecting strong cost control

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
PRICING AND VOLUME GROWTH - Insurance revenue growth driven by pricing measures and higher volumes in Private Norway and Sweden
COST CONTROL - Improved margins and lower cost ratio contributed to higher insurance service result
PARTNERSHIPS - New and renewed partnerships broadened market access and reinforced positions in attractive customer segments

Company press release: ID:nWkr3RTggY

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Insurance Revenue
 
NOK 11.26 bln
 
Q2 Net Income
 
NOK 2.12 bln
 
Q2 Combined Ratio
 
78.90%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Gjensidige Forsikring ASA is NOK288.50, about 6.1% above its July 10 closing price of NOK271.80
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)