The earnings call reflects a strong quarter for Gjensidige, marked by significant profit increases, improved combined ratio, high return on equity, and strong customer loyalty. However, challenges remain, particularly around geopolitical risks and volatility in property insurance claims. Despite these challenges, the company's strong financial position and effective pricing measures indicate a positive outlook.

Company Guidance

In the second quarter of 2025, Gjensidige reported a significant improvement in their financial results. The profit before tax reached NOK 2,955 billion, while the general insurance service result stood at NOK 2,200 million, marking a notable year-on-year increase. Insurance revenue rose by 11.7%, and the combined ratio improved by 79%, driven by enhancements in both the loss and cost ratios. The underlying profitability saw a 7.5 percentage point boost after adjustments for adverse claim developments and risk adjustments from the previous year. Investments yielded NOK 1,102 million, contributing to a robust return on equity of 31.3%. Additionally, the solvency ratio was stable at 182% by the end of the quarter. In terms of product lines, property insurance profitability increased, supported by strategic pricing measures and a lack of significant weather events. Motor insurance in Norway also showed improvements due to continued pricing adjustments and stabilized claims costs. The company adjusted their claims inflation forecast to a range of 3% to 5%, facilitating a moderation in price increases to just above 40% for property insurance and around 16% for motor insurance. Across all segments, strong growth continued, especially in Norway, driven by effective pricing strategies and high customer retention. The Danish operations saw improved performance, partly due to favorable weather, while Swedish operations sustained positive momentum. Gjensidige also reaffirmed their AAA ESG rating from MSCI, highlighting their commitment to sustainability.

Significant Profit Increase

Profit before tax reached NOK 2,955 billion, with a general insurance service result of NOK 2,200 million, showing substantial year-on-year growth.

Insurance Revenue Growth

Insurance revenue increased by 11.7%, driven by pricing measures across Private and Commercial portfolios in all geographies.

Improved Combined Ratio

The combined ratio improved by 79%, reflecting enhancements in both the loss and cost ratio.

High Return on Equity

Investment returns contributed to a solid return on equity of 31.3%.

Strong Solvency Ratio

The solvency ratio was 182% at the end of the quarter.

Customer Loyalty and Growth

Despite significant premium increases, customer loyalty remained high, and there was an increase in new customers.

Sustainability Commitment

Gjensidige reaffirmed its AAA ESG rating from MSCI, maintaining its commitment to responsible business practices.

Gjensidige Forsikring (GJNSY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GJNSY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2025 (Q3)	- / -	0.317	―	―	―
Jul 11, 2025	2025 (Q2)	- / 0.45	0.259	72.20% (+0.19)
Apr 29, 2025	2025 (Q1)	- / 0.24	0.156	55.13% (+0.09)
Jan 24, 2025	2024 (Q4)	- / 0.22	0.206	8.25% (+0.02)
Oct 22, 2024	2024 (Q3)	- / 0.32	0.158	100.63% (+0.16)
Jul 15, 2024	2024 (Q2)	- / 0.26	0.195	32.82% (+0.06)
Apr 25, 2024	2024 (Q1)	- / 0.16	0.224	-30.36% (-0.07)
Jan 24, 2024	2023 (Q4)	- / 0.21	0.262	-21.37% (-0.06)
Oct 20, 2023	2023 (Q3)	- / 0.16	0.221	-28.51% (-0.06)
Jul 14, 2023	2023 (Q2)	- / 0.20	0.172	13.37% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GJNSY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 11, 2025	$25.94	$27.89	+7.52%
Apr 29, 2025	$23.65	$22.93	-3.04%
Jan 24, 2025	$18.02	$19.82	+9.99%
Oct 22, 2024	$17.72	$17.86	+0.79%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gjensidige Forsikring (GJNSY) report earnings?

Gjensidige Forsikring (GJNSY) is schdueled to report earning on Oct 24, 2025, Before Open (Confirmed).

What is Gjensidige Forsikring (GJNSY) earnings time?

Gjensidige Forsikring (GJNSY) earnings time is at Oct 24, 2025, Before Open (Confirmed).

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You can see which companies are reporting today on our designated earnings calendar.

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What is GJNSY EPS forecast?

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