Brief: Gjensidige Forsikring Q1 Reinsurance Premiums Loss Narrows To NOK 15.9 Mln

Gjensidige Forsikring ASA

28/04/2023 06:18

April 28 (Reuters) - Gjensidige Forsikring ASA
 GJFG.OL :
    * OUTLOOK FOR GJENSIDIGE'S INSURANCE SERVICE RESULTS REMAINS
GOOD
    * OUTLOOK 2023:  GROUP’S  PRIORITY IS TO RETAIN ITS STRONG
AND
UNIQUE POSITION IN NORWAY AND  PROFITABLE GROWTH OUTSIDE NORWAY
    * OUTLOOK 2023:  GJENSIDIGE DOES NOT EXPECT TO SEE ANY
SIGNIFICANT
SPILLOVER TO ITS  NON-LIFE OPERATIONS FROM THE CURRENT
MACROECONOMIC OUTLOOK
    * DUE INCREASING NATURAL CATASTROPHES GLOBALLY,  INCREASED
GEOPOLITICAL UNCERTAINTY AND YEARS OF LOW PROFITABILITY, WE ARE
SEEING A SIGNIFICANT INCREASE IN  REINSURANCE PREMIUMS
    * OUTLOOK: ORGANIC GROWTH IS EXPECTED TO BE IN LINE WITH
NOMINAL
GDP  GROWTH IN GJENSIDIGE’S MARKET AREAS IN THE NORDIC AND
BALTIC  COUNTRIES OVER TIME
    * OUTLOOK: KEY STRATEGIC PRIORITY IN THE NEXT FEW YEARS IS
MAINTAINING AND  CULTIVATING THE DIRECT CUSTOMER RELATIONSHIP
    * Q1 REINSURANCE PREMIUMS LOSS NOK 15.9 MILLION VERSUS LOSS
NOK
17.3 MILLION YEAR AGO

Source text for Eikon:  ID:nWkr6pTKSG 
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