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Earnings Release • Jan 21, 2025

3719_rns_2025-01-21_aa8c5535-456a-48fb-b991-ee9356768993.html

Earnings Release

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Update on volume growth

With reference to the stock exchange announcement dated January 7th, an update on premium growth for 2024 and the January 1st, 2025, renewal date follows.

GROSS WRITTEN PREMIUM (GWP) FULL YEAR (FY) & QUARTER FOUR (Q4) 2024

FY 2024 GWP came in at MNOK 12,333, up 18% (15% in local currencies (LCY)) relative to 2023.

In Q4 2024 GWP amounted to MNOK 2,688, up 30% (27% in LCY) relative to Q4 2023. UK makes up 82% of total growth in GWP this quarter.

GWP INCEPTING JANUARY 1ST 2025

January 1st, 2025, GWP growth was 19% in LCY relative to 2024. The growth is driven by a high renewal rate and our entrance to the French market. The new sale in France accounted for 8%-points (MEUR 25) of the total company growth.

More information will be given on January 30th in connection with the presentation of the preliminary full year and Q4 2024 results.

Oslo, January 21st, 2025

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