Norway's Gjensidige Q4 profit rises, helped by pricing measures

Gjensidige Forsikring ASA

29/01/2026 06:10

Overview

Nordic insurance group's Q4 profit after tax was NOK 1,310 mln, supported by strong revenue growth

Insurance revenue increased by 10.4% in local currency, driven by pricing measures

Combined ratio for Q4 was 88.3%, impacted by IT system and workforce reduction expenses

Outlook

Gjensidige aims to strengthen profitability and growth in and outside Norway

Company did not provide specific financial guidance for future periods

Result Drivers

INSURANCE REVENUE GROWTH - Insurance revenue rose by 10.4% in local currency due to pricing measures and higher volumes in Denmark and Sweden

EXPENSE IMPACT - Reduction of IT system book value and workforce reductions in Denmark reduced profit by NOK 502 mln

INVESTMENT PORTFOLIO - Financial result from investment portfolio was NOK 482.3 mln, contributing positively to profit

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Insurance Revenue
NOK 11.08 bln
Q4 Net Income
NOK 1.31 bln
Q4 Combined Ratio
88.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 2 "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 NOK295.00, about 7.7% above its January 28 closing price of NOK273.80

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nWkr2Sxpvh

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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.)