Gjensidige Forsikring falls on 'disappointing' loss ratio improvement

Gjensidige Forsikring ASA

24/10/2025 08:15

** Shares in Gjensidige Forsikring GJFG.OL fall around 5% to their lowest price since July after the Norwegian insurer reported Q3 results below market expectations

** Jefferies says that the underlying loss ratio improved less than expected, likely due to higher claims frequency in Norwegian Motor and Property claims

** The broker adds it is "disappointing, and also somewhat surprising given the reported price increases which continue to appear mid-to-high-single-digits ahead of claims costs"

** Gjensidige's combined ratio was 79.7% compared to the estimate of 78.8%

** Its insurance service result came in at 2,270.6 million Norwegian crowns ($226.09 million), below company-compiled consensus of 2,305 million crowns

** Shares are on track for their worst day since March, if losses hold

($1 = 10.0431 Norwegian crowns)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))