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Gjensidige Forsikring (GJNSY) AI Stock Analysis
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Gjensidige Forsikring
(Other OTC:GJNSY)
The score is driven primarily by solid financial performance (strong profitability, cash generation, and recent revenue momentum) and a constructive earnings update (improving underwriting results and confidence in targets). These positives are tempered by mixed technicals (below key moving averages with slightly negative MACD) and a valuation that appears fair rather than clearly discounted, alongside noted risks from investment returns and claims inflation/volatility.
Gjensidige Forsikring (GJNSY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $14.18B
- Dividend Yield
- 2.53%
- Average Volume (3M)
- 1,436
- Price to Earnings (P/E)
- 17.9
- Beta (1Y)
- 0.34
- Revenue Growth
- 17.40%
- EPS Growth
- 26.52%
- Country
- US
- Employees
- 4,721
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Diversified
Gjensidige Forsikring Business Overview & Revenue Model
Company Description
Gjensidige Forsikring ASA is a Nordic-Baltic financial services provider specializing in general insurance and pension offerings across Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company's operations are segmented into six key areas...
How the Company Makes Money
Gjensidige primarily makes money through (1) underwriting income from non-life insurance and (2) investment income generated from managing its investment portfolio that supports insurance liabilities and capital. 1) Underwriting (insurance) revenue a...
Gjensidige Forsikring Earnings Call Summary
The call was strongly positive overall. Management reported substantial year-on-year improvements in profit, general insurance results, margins, capital strength, customer satisfaction and distribution opportunities. The main negative topics were weaker Swedish profitability, negative investment and finance results, lower commercial volumes from prioritizing profitability, temporary effects from fire mutual terminations, and the inherent volatility and uncertainty affecting claims and markets.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects claims inflation in Norway over the next 12 to 18 months in the range of 3% to 6% for Motor, 4% to 6% for property and around 4 to 5% for the personal side, with inflationary pressure somewhat lower in Denmark and Sweden; pricing is expected to remain at least in line with claims cost development, while new partnerships and increased distribution capacity are expected to support growth over the next 12 to 18 months and beyond 2028, and management remains confident it will achieve its financial targets for 2026.
Gjensidige Forsikring Financial Statement Overview
Summary
Overall fundamentals are solid, supported by strong recent revenue momentum (~80% TTM growth), healthy profitability (TTM net margin ~14%, EBIT margin ~18%), and strong cash conversion (FCF ~96% of net income). Offsetting factors include increased balance-sheet risk (higher debt and lower equity vs 2025) plus variability in margins and a recent decline in free cash flow (about -10% TTM), indicating less stability than the top-tier defensive insurers.
Income Statement
84Very PositiveBalance Sheet
73PositiveCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.68B | 44.69B | 40.36B | 37.01B | 29.68B | 31.67B |
| Gross Profit | 38.46B | 44.69B | 40.36B | 37.01B | 29.68B | 31.67B |
| EBITDA | 9.35B | 8.50B | 6.82B | 6.16B | 4.46B | 9.62B |
| Net Income | 7.22B | 6.56B | 5.14B | 4.13B | 3.44B | 7.14B |
Balance Sheet | ||||||
| Total Assets | 203.12B | 191.90B | 171.49B | 148.28B | 135.15B | 129.82B |
| Cash, Cash Equivalents and Short-Term Investments | 5.36B | 4.43B | 3.69B | 2.99B | 3.20B | 2.35B |
| Total Debt | 8.55B | 5.28B | 5.41B | 4.36B | 3.78B | 3.67B |
| Total Liabilities | 179.85B | 163.59B | 145.47B | 124.05B | 109.28B | 104.62B |
| Stockholders Equity | 23.26B | 28.31B | 26.01B | 24.23B | 25.87B | 25.20B |
Cash Flow | ||||||
| Free Cash Flow | 6.74B | 5.90B | 3.79B | 4.09B | 4.15B | 6.49B |
| Operating Cash Flow | 7.04B | 6.06B | 4.21B | 4.89B | 4.71B | 7.03B |
| Investing Cash Flow | 783.91M | -681.49M | -447.60M | -1.04B | 2.75B | -1.40B |
| Financing Cash Flow | -7.58B | -4.68B | -3.00B | -4.09B | -4.18B | -6.11B |
Gjensidige Forsikring Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GJNSY, the sentiment is Positive. The current price of 28.38 is above the 20-day moving average (MA) of 27.47, below the 50-day MA of 28.52, and above the 200-day MA of 27.71, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 33.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GJNSY.
Gjensidige Forsikring Peers Comparison
Overall Rating
ACGL83Outperform
HIG81.7Outperform
AXS78Outperform
WTM78Outperform- GJNSY72Outperform
AIG58Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ACGL | 83Outperform | $36.29B | 8.59 | 18.35% | ― | -5.29% | 14.08% |
| HIG | 82Outperform | $35.46B | 7.95 | 24.13% | 1.81% | 4.08% | 34.70% |
| AXS | 78Outperform | $7.52B | 7.01 | 17.80% | 1.68% | 10.16% | 7.89% |
| WTM | 78Outperform | $5.42B | 5.17 | 21.34% | 0.04% | 20.88% | 445.91% |
| GJNSY | 72Outperform | $14.18B | 17.85 | 31.53% | 2.53% | 17.40% | 26.52% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AIG | 58Neutral | $42.82B | 14.86 | 7.27% | 2.32% | -4.19% | 1.09% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GJNSY | Gjensidige Forsikring Asa Unsponsored ADR | 28.38 | 2.74 | 10.67% | |
| AIG | American International Group, Inc. | 81.90 | 4.84 | 6.28% | |
| ACGL | Arch Capital | 106.36 | 20.36 | 23.67% | |
| AXS | Axis Capital Holdings | 104.87 | 12.13 | 13.08% | |
| HIG | Hartford Insurance Group Inc | 132.59 | 10.51 | 8.61% | |
| WTM | White Mountains Insurance | 2269.99 | 370.99 | 19.54% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 24, 2026