Brief: Gjensidige Forsikring Q2 Pre-Tax Profit At NOK 1,138.0 Mln, Above Consensus Estimate

Gjensidige Forsikring ASA

15/07/2022 06:19

July 15 (Reuters) - Gjensidige Forsikring ASA  GJFG.OL :
    * SOLID UNDERWRITING RESULT, FINANCIAL RESULT SIGNIFICANTLY
IMPACTED BY MARKET TURMOIL
    * Q2 PRE-TAX PROFIT NOK 1,138.0 MILLION (COMPANY CONSENSUS
ESTIMATE: NOK 861 MILLION)
    * Q2 COMBINED RATIO 77.5% (COMPANY CONSENSUS ESTIMATE:
79.6%)
    * Q2 EARNED PREMIUMS NOK 7,773.9 MILLION (COMPANY CONSENSUS
ESTIMATE: NOK 7,708 MILLION)
    * OUTLOOK FOR GJENSIDIGE'S UNDERWRITING RESULTS REMAINS GOOD
    * WE CONTINUE TO DELIVER SOLID RESULTS AND I AM PARTICULARLY
PLEASED WITH STRONG DEVELOPMENT OF OUR NORWEGIAN OPERATIONS AND
TURNAROUND PROGRESS IN SWEDEN AND IN BALTICS
    * COVID-19 PANDEMIC DID NOT IMPACT RESULT IN Q2

Source text for Eikon:  ID:nWkr1m1yTw 
Further company coverage:  GJFG.OL 

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