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Gjensidige (GJF) investor relations material
Gjensidige Pre-close call summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2026 pre-close call reviewed public information, with no new business updates provided.
Q2 2026 earnings will be released on 13 July 2026, with consensus published on 8 July and estimate submissions due by 5 July.
Silent period starts 1 July, with pre-close call on 30 June 2026.
Trading performance and revenue trends
Q2 and Q3 typically have lower claims ratios due to seasonality; above-normal temperatures and localized cloudbursts occurred, but no significant natural peril events were reported.
Storm Dave had limited or no material impact on claims across Norway, Sweden, and Denmark.
Profitability and margins
Supreme Court of Denmark ruling on workers' compensation claims results in a net impact of DKK 290 million for Q2, with run-off losses of DKK 490 million partly offset by reserve releases of DKK 200 million.
Large losses are estimated at NOK 580 million per quarter, based on annualized or normalized figures.
Large losses in IFRS 17 accounts are recognized at discounted values.
No change in excess reserve communication; reserves continue to be set according to best estimates under IFRS 17.
- Q1 profit before tax surged 58% on strong insurance growth and improved margins.GJF
Q1 202530 Jun 2026 - Profit before tax up 20% to NOK 2,055m, with a 79.2% combined ratio and strong capital position.GJF
Q1 202630 Apr 2026 - Over 1000% shareholder return, high retention, and ambitious 2028 targets drive strong outlook.GJF
Company presentation29 Apr 2026 - Leading Nordic insurer with strong returns, high loyalty, and ambitious ESG and financial targets.GJF
Company presentation23 Apr 2026 - 2028 targets: combined ratio <81%, ROE >28%, NOK 10bn result, driven by tech and efficiency.GJF
CMD 202610 Apr 2026 - Q1 2026 sees stable trading, provision reversal, and improved solvency after Baltic sale.GJF
Pre-close call26 Mar 2026 - Strong profit growth, improved efficiency, and record dividend despite one-off costs.GJF
Q4 20253 Feb 2026 - Q2 profit rose to NOK 1,830.5m, but higher claims pushed the combined ratio to 85.4%.GJF
Q2 2024 (Q&A)3 Feb 2026 - Q2 shows stable trends, lower claims, and profitability supported by acquisitions and pricing.GJF
Pre-Close Call3 Feb 2026
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