Brief: Gjensidige Forsikring Q3 Pre-Tax Profit NOK 2.21 Bln, Above Estimates

Gjensidige Forsikring ASA

22/10/2024 06:13

Oct 22 (Reuters) - Gjensidige Forsikring ASA  GJFG.OL :
    * HIGHER INSURANCE SERVICE RESULT DRIVEN BY REVENUE GROWTH
    * DUE TO INSURANCE SERVICE RESULT YEAR-TO-DATE, GROUP DOES NOT EXPECT TO DELIVER ON COMBINED
RATIO
TARGET FOR 2024
    * ALL FINANCIAL TARGETS FOR 2025 AND 2026 ARE MAINTAINED
    * Q3 PRE-TAX PROFIT NOK 2,214.6 MILLION (COMPANY CONSENSUS ESTIMATE: NOK 1,954 MILLION)
    * Q3 COMBINED RATIO 83.9% (COMPANY CONSENSUS ESTIMATE: 82.7%)
    * Q3 GENERAL INSURANCE PRIVATE REINSURANCE PREMIUMS LOSS NOK 49.2 MILLION
    * Q3 GROUP REINSURANCE PREMIUMS LOSS NOK 237.5 MILLION

Source text for Eikon:  ID:nWkrbXYLF5 
Further company coverage:  GJFG.OL 

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