Gjensidige Forsikring ASA

Gjensidige Forskring provides insurance products to private and commercial customers in Norway, Denmark, Sweden and the Baltic states. Co.'s activities are divided into six segments in addition to the asset management unit which manages Co.'s investment portfolio. The Private segment provides a range of general insurance products besides banking, savings and investment products. The Commercial segment provides a range of general insurance products to the commercial and municipality markets. Co.'s investment portfolio includes all investment funds in Co. except for investment funds in the Pension and Savings and Retail Bank segments. Co.'s other segments include Nordic and Baltics.
  • TickerGJF
  • ISINNO0010582521
  • ExchangeOslo Bors
  • SectorNonlife Insurance
  • CountryNorway
Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Jon Masdal
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Daniel Thorsson ...
  • Erik Moberg
  • Jan Erik Gjerland
  • Johan Brown
  • Karl Fredrik Schjøtt-Pedersen
  • Patrik Brattelius
  • Staffan Bulow
  • Tobias Kaj

Talking Points - Gjensidige (Hold): Company’s top line floats towards the bottom

Avanza (Hold) Post-results: In a sweet spot but with a stretched price Adj. EPS’20e-22e +22% (inv.), +2% and 2% (UW) Expect dividends as soon as the regulator accepts

Håkon Astrup

Gjensidige Forsikring (Buy, TP: NOK210.00) - Record underwriting result

Gjensidige’s Q2 report indicated solid underwriting trends outside Norway and continued Norwegian strength. The period of overcapitalisation is expected to linger while awaiting a dividend clarification from regulators; we do, however, expect the excess capital to be distributed eventually. We have made limited changes to 2021–2022e EPS, reiterating our BUY and NOK210 target price.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Gjensidige - Company’s top line floats towards the bottom

Q2: Solid UW, investment return and solvency Adj. EPS’20e-22e +22% (inv.), +2% and 2% (UW) Expect dividends as soon as the regulator accepts

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Gjensidige - Price increases flowing through to bottom line

PTP of NOK 2.48bn +33% vs. ABG +2% vs cons. CR 80.1% vs ABG 80.5%, underl. CR 79.3% vs 80.3% ABG prel. EPS rev. +1-4%, on better underlying

1 director bought

A director at Gjensidige Forskring ASA bought 2,500 shares at 125.100NOK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Daniel Thorsson ...
  • Erik Moberg
  • Jan Erik Gjerland
  • Johan Brown
  • Karl Fredrik Schjøtt-Pedersen
  • Patrik Brattelius
  • Staffan Bulow
  • Tobias Kaj

Talking Points - Gjensidige (Hold): Company’s top line floats towards the bottom

Avanza (Hold) Post-results: In a sweet spot but with a stretched price Adj. EPS’20e-22e +22% (inv.), +2% and 2% (UW) Expect dividends as soon as the regulator accepts

Håkon Astrup

Gjensidige Forsikring (Buy, TP: NOK210.00) - Record underwriting result

Gjensidige’s Q2 report indicated solid underwriting trends outside Norway and continued Norwegian strength. The period of overcapitalisation is expected to linger while awaiting a dividend clarification from regulators; we do, however, expect the excess capital to be distributed eventually. We have made limited changes to 2021–2022e EPS, reiterating our BUY and NOK210 target price.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Gjensidige - Company’s top line floats towards the bottom

Q2: Solid UW, investment return and solvency Adj. EPS’20e-22e +22% (inv.), +2% and 2% (UW) Expect dividends as soon as the regulator accepts

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Gjensidige - Price increases flowing through to bottom line

PTP of NOK 2.48bn +33% vs. ABG +2% vs cons. CR 80.1% vs ABG 80.5%, underl. CR 79.3% vs 80.3% ABG prel. EPS rev. +1-4%, on better underlying

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard

Gjensidige - Heads-up for Q2-report 14 July

Company will report Q2 on Tuesday 14 July at 0700CET. A conference call will follow at 0900CET, dial-in: Norway: USA: . Code: 4369773

Christoffer Wang Bjørnsen ...
  • Håkon Astrup
  • Jon Masdal
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Joachim Gunell
  • Martin Arnell
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Joachim Gunell ...
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Martin Arnell
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

GJDG.FORSIKRING ASA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of GJDG.FORSIKRING ASA (NO), a company active in the Full Line Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 9, 2020, the closing price was NOK 185.00 and its potential was estimated at NOK 199.48.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Gjensidige Forsikring – AGM 25 May 2020

In general, Gjensidige Forsikring ("Gjensidige") is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 8c authorisation is sought to repurchase own shares. Although the authority requested would meet its guidelines, ECGS considers that it is currently not the right moment to proceed to a new share buyback programme in view of the recent events relating to Covid-19. Accordingly, ECGS recommends to vote OPPOSE.   Under ITEM 9a (6) the nomination committee proposes to newly appoint Mr. Tor Magne Lønnum as Member...

Expert Corporate Governance Service (ECGS)

Gjensidige Forsikring, Mars 28, 2019

In general, Gjensidige Forsikring ("Gjensidige") is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 11a (1), it is proposed to re-appoint Ms. Gisele Marchand as Chairman of the board of directors. Although Ms. Marchand is considered independent, ECGS has concerns over her aggregate time commitments. Ms. Marchand is currently serving as board Chairman of Gjensidige Forsikring ASA and Selvaag Bolig ASA (both listed) and non-executive director of Scatec Solar ASA (listed) and Norgesgruppen ASA (substantial non-lis...

GJENSIDIGE – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 05/04/2018

In general, Gjensidige Forsikring ("Gjensidige") is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting. ECGS recommends to vote FOR all proposals. There are no further peculiarities.

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