July 23, 2014 1:32 PM ET

Insurance

Company Overview of Gjensidige Forsikring ASA

Company Overview

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Sweden, and Denmark. It operates through six segments: General Insurance Private, General Insurance Commercial, General Insurance Nordic, General Insurance Baltics, Pension and Savings, and Retail Bank. The company offers various insurance products relating to motor vehicles, property, travel/leisure, and accident and health insurance products, as well as insurance products in the areas of liability, agriculture, coastal, aquaculture, and marine/transport; and life insurance products. It also provides pension and savings products comprising group occupational pensions, individual pensions, individual disability pens...

Schweigaardsgate 21

Oslo,  0191

Norway

3,422 Employees

Phone:

47 22 96 80 00

Key Executives for Gjensidige Forsikring ASA

Chief Executive Officer
Age: 54
Total Annual Compensation: $5.5M
Chief Financial Officer and Executive Vice President of Finance
Age: 46
Total Annual Compensation: $3.0M
Executive Vice President of Strategy and M&A
Age: 37
Total Annual Compensation: $3.0M
Executive Vice President of Claims and IT
Age: 50
Total Annual Compensation: $2.7M
Executive Vice President of Commercial
Age: 43
Total Annual Compensation: $2.7M
Compensation as of Fiscal Year 2013.

Gjensidige Forsikring ASA Key Developments

Gjensidige Insurance Group Announces Earning Results for the Second Quarter and Half Year of 2014

Gjensidige Insurance Group announced earning results for the second quarter and half year of 2014. For the quarter, the company reported profit before tax expense of NOK 1,747.9 million compared to NOK 1,076.9 million a year ago. Profit per share was NOK 2.61 compared to NOK 1.78 a year ago. Earned premiums was NOK 5,061.5 million compared to NOK 4,646.6 million a year ago. Underwriting result was NOK 951.0 million compared to NOK 448.5 million a year ago. Financial result was NOK 744.6 million compared to NOK 604.6 million a year ago. For the half year, the company reported profit before tax expense of NOK 2,903.9 million compared to NOK 1,617.6 million a year ago. Profit per share was NOK 4.46 compared to NOK 2.42 a year ago. Earned premiums was NOK 9,968.8 million compared to NOK 9,103.7 million a year ago. Underwriting result was NOK 1,300.1 million compared to NOK 791.4 million a year ago. Financial result was NOK 1,507.0 million compared to NOK 777.5 million a year ago.

Gjensidige Forsikring ASA, Q2 2014 Earnings Call, Jul 15, 2014

Gjensidige Forsikring ASA, Q2 2014 Earnings Call, Jul 15, 2014

Gjensidige Forsikring ASA, Q2 2014 Earnings Call, Jul 16, 2014

Gjensidige Forsikring ASA, Q2 2014 Earnings Call, Jul 16, 2014

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Recent Private Companies Transactions

Type
Date
Target
Buyback
April 24, 2014
--
Merger/Acquisition
October 22, 2013
Solid Försäkringar AB, Motor And Home Insurance Business In Sweden
 

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