Q3 2024 Gjensidige Forsikring ASA Earnings Call Transcript

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Oct 22, 2024

Oct 22, 2024 / 07:00AM GMT
Mitra Hagen Negard - Gjensidige Forsikring ASA - Director - Investor Relations

Hi, everyone, and welcome to this third quarter presentation of Gjensidige. My name is Mitra Negård, and I'm Head of Investor Relations. As always, we will start with our CEO, Geir Holmgren, who will give you the highlights of the quarter, followed by our CFO, Jostein Amdal, who will run through the numbers in further detail. And we have plenty of time for a Q&A afterwards.

Geir, please?

Geir Holmgren - Gjensidige Forsikring ASA - Chief Executive Officer

Thank you, Mitra, and good morning, everyone. Let us turn over to page 2 for comments on our third quarter results.

The profit before tax was NOK2.215 billion. General insurance service result was NOK1.590 billion -- sorry, the general insurance service result was NOK1.590 billion, up year-on-year also when adjusting for the one-off expenses recognized in the third quarter last year. The strong growth momentum continued this quarter with insurance revenue for the group increasing by almost 12%.

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