Gjensidige Forsikring ASA

Regulatory Filings • Feb 8, 2018

GJF: Partial Internal Model approval

GJF: Partial Internal Model approval

Gjensidige Forsikring ASA and Gjensidige Forsikring Group are granted approval

from the Financial Supervisory Authority of Norway (FSA) for a Partial Internal

Model (PIM) under the Solvency II regulation with effect from 31 December 2017.

The model approved is more conservative than the model Gjensidige applied for.

As of 31 December 2017, the regulatory Solvency II ratio was 137 per cent based

on the Standard Formula. Based on the approved Partial Internal Model, the

regulatory Solvency II ratio is estimated to be in the area 145-155 per cent.

The FSA has specified some areas which have to be further validated and

documented to achieve approval for Gjensidige's original version of the model.

The approval and its conditions will be reviewed by the Board of Gjensidige

before the appeal deadline.

The S&P A-rating will not be affected by the FSA decision.

This information is subject to disclosure under the Norwegian Securities Act

section §5-12

Contact persons, Gjensidige Forsikring ASA:

Head of Investor Relations: Janne Flessum, tel.: +47 915 14 739

Investor Relations Officer: Anette Bolstad, Tel: +47 416 77 722

Head of Media Relations: Øystein Thoresen, tel.: +47 952 33 382