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Gjensidige Forsikring ASA ( (GB:0OJC) ) has shared an announcement.
Gjensidige Forsikring ASA has decided to discontinue the implementation of its new core-IT system, CoreSuite, for its pension business due to the solution’s inability to meet evolving business requirements. This decision will result in a NOK 400 million impact on profit before tax in the third quarter of 2025 but will not affect the Group’s eligible own funds or dividend capacity. The company plans to update its development strategy to align with recent technological advancements and evolving business needs.
The most recent analyst rating on (GB:0OJC) stock is a Hold with a NOK274.76 price target. To see the full list of analyst forecasts on Gjensidige Forsikring ASA stock, see the GB:0OJC Stock Forecast page.
More about Gjensidige Forsikring ASA
Gjensidige is a leading Nordic insurance group listed on the Oslo Stock Exchange. It employs approximately 4,700 full-time employees and offers insurance products in Norway, Denmark, Sweden, and the Baltic states. In Norway, the company also provides pension and savings solutions. In 2024, Gjensidige reported insurance revenue of NOK 39 billion and total assets of NOK 171 billion.
Average Trading Volume: 296,434
Current Market Cap: NOK141.2B
For a thorough assessment of 0OJC stock, go to TipRanks’ Stock Analysis page.