Gjensidige (GJF) Company presentation summary

Financial performance and shareholder returns

• Achieved over 1000% total shareholder return since 2010 IPO, with regular and special dividends and a payout ratio above 80% of profit after tax.

• Maintains a strong solvency ratio of 189% as of Q2 2026 and a cost ratio around 11% for 2025.

• Demonstrates industry-leading profitability with a return on equity of 33.3% and a combined ratio consistently below targets.

• Dividend policy targets growing regular dividends, supported by a solid capital position and excess capital payouts.

• Investment portfolio is diversified and liquid, balancing risk and return to support stable dividends.

Market position and growth strategy

• Holds a market-leading position in Norway and a broad presence across the Nordics, with high customer retention rates (90% Norway, 87% Denmark).

• Focuses on profitable growth in general insurance and pension, leveraging strong brand, scale, and advanced technology.

• Pursues selective growth in personal and SME segments, with a strong customer-oriented approach in Denmark and challenger status in Sweden.

• Expands offerings in property, life, health, and pension, supported by partnerships and enhanced distribution.

• Targets further improvements in operational efficiency and quality through technology and automation.

Strategic priorities and operational excellence

• Prioritizes customer empathy, resilience, and profitable growth, enabled by scale, data, technology, and disciplined capital allocation.

• Sets ambitious financial targets for 2025–2028, aiming for a combined ratio below 81%, cost ratio near 12%, and ROE above 28%.

• Key drivers include high customer satisfaction, retention, digital distribution, and claims automation.

• Maintains strong cost efficiency and capital discipline, optimizing asset allocation and risk management.

• Technology priorities focus on simplifying IT, amplifying data, and accelerating automation and AI.