Gjensidige Forsikring ASA (OTCPK:GJNSY)
$ 17.88 0.07 (0.39%) Market Cap: 8.90 Bil Enterprise Value: 8.96 Bil PE Ratio: 19.23 PB Ratio: 4.05 GF Score: 75/100
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Q3 2024 Gjensidige Forsikring ASA Earnings Call Transcript

Oct 22, 2024 / 07:00AM GMT
Release Date Price: $18.07 (-3.06%)
Mitra Hagen Negard
Gjensidige Forsikring ASA - Director - Investor Relations

Hi, everyone, and welcome to this third quarter presentation of Gjensidige. My name is Mitra NegÄrd, 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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