Gjensidige Forsikring ASA/Nkr GJF
1D1W1MYTD1Y5YMAX
Capital at risk
About Gjensidige Forsikring ASA
Gjensidige Forsikring ASA is a Norwegian general insurance company, providing a wide range of insurance products primarily within Norway and the Nordic countries. Its core business involves offering services in areas such as property and casualty insurance, life and pension insurance, and banking services. The company traces its history back to 1816, giving it a longstanding presence in the industry. Headquartered in Oslo, Norway, Gjensidige serves both individual and commercial clients across a broad geographic footprint. Its strategic positioning is supported by a strong brand recognition and a significant market share in the Nordic insurance sector.
- Ticker
- Nkr GJF
- Sector
- Finance
- Primary listing
- XOSL
- Employees
- 4,160
- Headquarters
- Oslo, Norway
- Website
- www.gjensidige.com
GJF Metrics
BasicAdvanced
kr 130B
19.60
kr 13.24
0.20
kr 14.50
3.86%
Price and volume
Market cap
kr 130B
Beta
0.2
52-week high
kr 303.00
52-week low
kr 241.40
Average daily volume
288K
Dividend rate
kr 14.50
Financial strength
Current ratio
42.547
Quick ratio
41.455
Long term debt to equity
0.23
Total debt to equity
0.23
Dividend payout ratio (TTM)
109.72%
Interest coverage (TTM)
14.61%
Profitability
EBITDA (TTM)
9,638.3
Gross margin (TTM)
37.33%
Net profit margin (TTM)
14.23%
Operating margin (TTM)
19.53%
Effective tax rate (TTM)
24.48%
Revenue per employee (TTM)
kr 11,440,000
Management effectiveness
Return on assets (TTM)
3.04%
Return on equity (TTM)
27.25%
Valuation
Price to earnings (TTM)
19.599
Price to revenue (TTM)
2.723
Price to book
6.05
Price to tangible book (TTM)
9.21
Price to free cash flow (TTM)
17.554
Free cash flow yield (TTM)
5.70%
Free cash flow per share (TTM)
14.777
Dividend yield (TTM)
5.59%
Forward dividend yield
3.86%
Growth
Revenue change (TTM)
7.11%
Earnings per share change (TTM)
3.16%
3-year revenue growth (CAGR)
10.84%
10-year revenue growth (CAGR)
6.18%
3-year earnings per share growth (CAGR)
15.39%
10-year earnings per share growth (CAGR)
4.52%
3-year dividend per share growth (CAGR)
6.62%
10-year dividend per share growth (CAGR)
4.56%
Bulls say / Bears say
Underlying underwriting momentum is strong. First-quarter insurance revenue rose 10.1% and the combined ratio improved to 79.2%, while second-quarter revenue grew 7.3%, the combined ratio was 78.9%, and the underlying frequency loss ratio fell to 58.5%. (Euronext, Gjensidige)
The 2026 Capital Markets Day set higher medium-term ambitions, including a combined ratio below 81% and return on equity above 28% in 2027 and 2028, alongside a general-insurance service result above NOK 10 billion in 2028. If achieved, these targets would imply further operating improvement and earnings growth. (Inderes)
Shareholder returns are backed by substantial capital. The AGM approved NOK 14.50 per share for 2025, including a NOK 4.50 excess-capital distribution, while solvency remained strong at 189% at the end of the second quarter. (Euronext, Gjensidige)
The Danish Supreme Court ruling on workers’ compensation reduced second-quarter profit by NOK 419.3 million, and management said uncertainty remains over how many claims could be reopened. Further claims or reserve strengthening could therefore weigh on earnings. (Gjensidige, StockAnalysis)
Investment income has become a headwind: the portfolio result fell to NOK 225.8 million in the first quarter and NOK 786.4 million in the second, from NOK 512.6 million and NOK 1,102.0 million respectively a year earlier. This leaves reported profits exposed to market and interest-rate swings. (Euronext, Gjensidige)
Some of the recent underwriting improvement may not be fully repeatable: management described the first half as a favourable claims environment and noted quarter-to-quarter volatility in the frequency loss ratio. If claims frequency or claims inflation worsens, the benefit from recent pricing could narrow. (StockAnalysis, Gjensidige)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Upcoming events
No upcoming events
Funds containing GJF
AllEURGBPUSD
Fund name | Fund size | Nkr GJF weighting |
|---|---|---|
iShares STOXX Europe 600 Insurance€A0H08K | €603M | 0.58% |
iShares MSCI Europe SRI€IESE | €3.1B | 0.16% |
iShares MSCI Europe SRI£IESG | £2.6B | 0.16% |
iShares MSCI Europe Financials Sector€ESIF | €1.7B | 0.15% |
iShares MSCI Europe Financials Sector£ESIF | £1.5B | 0.15% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.