Gjensidige Forsikring ASA

Earnings Release • Nov 24, 2021

Gjensidige Forsikring Capital Markets Day 2021: Sustainable value creation

Gjensidige Forsikring Capital Markets Day 2021: Sustainable value creation

Gjensidige Forsikring hosts its virtual Capital Markets Day today at 09:00 CET.

Presentations will be held by Helge Leiro Baastad, Chief Executive Officer of

Gjensidige, and key members of the Group executive management team. The

presentations will provide a review of the Group's strategy and goals, as well

as operational priorities and the Group's strong capabilities.

"Gjensidige continues to aspire to deliver the best customer experiences also

tomorrow. And we remain firmly committed to create sustainable value for our

stakeholders. We look forward to presenting our ambitious goals for the next 4

years and discussing our operational and strategic priorities. To succeed, we

will continue to grow.  This, together with our focus on operational

efficiency, will enable Gjensidige to continue delivering attractive returns"

says Leiro Baastad.

Ambitious financial targets and sustainability goals

Gjensidige has raised the bar further, with an ambitious set of annual Group

financial targets for 2022 to 2025:

· Combined ratio < 85 per cent

· Cost ratio < 14 per cent

· Return on equity after tax > 19 per cent

· Solvency margin ratio between 150 and 200 per cent

Gjensidige's attractive dividend policy remains unchanged.

The Group's revised operational targets, which will support delivery on the

financial targets, will be announced.

Gjensidige has set goals for the Group's contribution to overall sustainability,

with focus on safer society, sustainable claims handling and responsible

investments:

· 80 per cent of relevant premiums fulfilling the EU taxonomy requirements by

2025

· 35 per cent reduction in CO\2e\ emissions from claims handling processes by

2025

· Zero net emissions from investments by 2050

The presentations will last approximately 1 hour and 45 minutes and will be

followed by a Q&A session.

Agenda:

· Welcome by Mitra H. Negård, Head of IR

· Sustainable value creation by Helge L. Baastad, CEO

· Market leadership and beyond by René Fløystøl, EVP Private

· The leading commercial underwriter by Lars Gøran Bjerklund, EVP Commercial

· Fit for future by Mats Gottschalk, EVP Denmark

· An aspiring challenger by Aysegül Cin, EVP Sweden and the Baltics

· Capitalising on attractive market growth by Aysegül Cin, EVP Sweden and the

Baltics

· Delivering attractive returns by Jostein Amdal, CFO

· Q&A session

The video webcast, presentation material and link to ask questions are available

at

www.gjensidige.no/ir (https://eur02.safelinks.protection.outlook.com/?url=http%3A

%2F%2Fwww.gjensidige.no%2Fir&data=04%7C01%7C%7C8150542075374afd113708d9ae47c27a%7

C80184e22072c440ea8a922f52b82646d%7C0%7C0%7C637732445513118518%7CUnknown%7CTWFpbG

Zsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&s

data=06yGylU6d7T7v0rz0KkqOComRzPKAU3gVmPcYCaZom8%3D&reserved=0). The

presentation material is also attached to this release.

This release contains alternative performance measures (APMs). APMs are

described at www.gjensidige.no/reporting in a document named APMs Gjensidige

Forsikring Group Q3 2021.

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

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock

Exchange. We have about 3,700 employees and offer insurance products in Norway,

Denmark, Sweden and the Baltic states. In Norway, we also offer pension and

savings. The Group's operating income was NOK 28 billion in 2020, while total

assets were NOK 118 billion.