)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Gjensidige
Gjensidige (GJF) investor relations material
Gjensidige Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 profit after tax was NOK 2,076.7m vs NOK 1,563.8m YoY; stronger general insurance results drove the increase, partly offset by weaker investment returns.
Favorable claims conditions, pricing, risk selection and efficiency gains supported stronger Private and Commercial results.
Annualised ROE was 34.2% and solvency was 190.3%; management remained confident of meeting 2026 targets.
Financial highlights
Profit before tax was NOK 2,780.6m vs NOK 2,067.4m; insurance service result rose to NOK 3,003.6m from NOK 2,270.6m.
Consolidated insurance revenue was NOK 11,582.7m; general insurance revenue was NOK 11,367.4m, up 3.7% in local currency or 5.3% adjusted for a non-recurring Q3 2025 effect.
General insurance combined ratio was 73.6%; loss ratio was 62.0% and cost ratio 11.5%. Cost ratio excluding NOK 90m of restructuring costs was 10.7%.
General insurance financial result was -NOK 193m; net investment result was -NOK 25m, with short-duration fixed income positive and bonds and equities negative.
Pension pre-tax profit adjusted for CSM was NOK 98.2m; excluding the prior-year CoreSuite termination charge, it improved NOK 25.4m YoY.
Outlook and guidance
2026 targets include combined ratio <82%, cost ratio ~13%, ROE >24%, solvency ratio 140–190% and group insurance service result >NOK 7.5bn.
2027–28 targets include combined ratio <81%, cost ratio ~12%, ROE >28%, group insurance service result >NOK 10bn by 2028 and Denmark result >DKK 750m.
Pricing is expected to at least match claims-cost development; Norwegian claims inflation over 12–18 months is estimated at 3%–6% for motor, 4%–6% for property and 4%–5% for personal lines.
Growth opportunities include Norwegian private property, life, health and pensions, plus Danish distribution investment and increased underwriting capacity.
AI, pricing, CRM and core-system investments aim to improve customer experience, automation and efficiency; Danish distribution capacity and partnerships are expected to support growth over time.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Gjensidige
- Record FY profit and underwriting supported a proposed NOK 7.70 dividend.GJF
Q4 2021 (Q&A) - Record underwriting and premium growth supported strong Q3 results; NOK 4 per-share special dividend declared.GJFQ3 2021 (Q&A)
- 2028 ambition: combined ratio <81%, ROE >28% and GI service result >NOK10bn.GJFInvestor presentation
- 2023 targets tighten for combined ratio and return on equity as IFRS 9 and IFRS 17 take effect.GJFInvestor Update
- Holmgren named CEO from January 2023 as Nordic and Baltic growth strategy continues.GJFInvestor Update
- Special dividend withdrawn; regular dividend maintained and estimated solvency margin at 211%.GJFInvestor Update
- Q3 saw stable trading, limited fire event impact, and a clarified, robust solvency position.GJFPre-close call
- Q2 2026 saw 33.3% ROE, 189% solvency, and continued strong dividend growth.GJFInvestor presentation
- NOK 812m in claims savings achieved two years early through AI and operational efficiencies.GJFInvestor Update
Next Gjensidige earnings date
Pre-close call21 Dec, 2026
Gjensidige
Next Gjensidige earnings date
Pre-close call21 Dec, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Gjensidige Forsikring ASA provides general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. It offers life insurance, health insurance, and accident insurance; as well as various tailored credit life insurance products. Gjensidige Forsikring ASA also provides savings plans and other savings plans, such as pension plans, pension annuities, and long-term care insurance. In addition, it focuses on insuring against pension commitment; other direct cost commitments; repair or replacement of living accommodation; economic disappearance; and business interruption due to accidental damage or property coverage. The company is based in Oslo, Norway.