Earnings Release • Jun 21, 2023
Earnings Release
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Loss related to natural peril event in the second quarter of 2023
Gjensidige will incur a loss of approximately NOK 240 million in the second
quarter related to a natural peril event which occurred in Norway during the
quarter. The loss reflects Gjensidige's market share for fire insurance in
Norway. The total loss is estimated to approximately NOK 900 million and will be
settled in accordance with the terms set by the Norwegian Natural Perils Pool.
The loss estimate is highly uncertain and may be adjusted in the future.
The loss of approximately NOK 240 million will be recognised as a large loss for
Gjensidige Group, with NOK 30 million pertaining to Commercial and Private, and
the remaining approximately NOK 210 million to the Corporate Center.
Contact persons, Gjensidige Forsikring ASA:
Head of Investor Relations Mitra Hagen Negård, Tel: +47 957 93 631
Head of Communication Øystein Thoresen, Tel: +47 952 33 382
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