Gjensidige reports strong profit growth driven by insurance and financials

Gjensidige Forsikring reported profit before tax of NOK 2,955.4 million for Q2 2025, up 65% from NOK 1,794.7 million the previous year.

Insurance revenue grew 11.7% to NOK 10,493.2 million with a combined ratio of 79.0%, driven by pricing measures and solid renewals. The pension segment contributed NOK 200.8 million profit before tax due to higher net finance income.

Financial results totaled NOK 1,102.0 million, nearly doubling from NOK 506.5 million on positive returns across all asset classes. The cost ratio improved to 12.0% reflecting revenue growth and cost discipline.

The company maintained a strong solvency ratio of 181.5%. Year-to-date profit before tax reached NOK 4,674.1 million.