
- Gjensidige achieved a pretax profit of NOK 1.61 billion in the fourth quarter, surpassing the estimated NOK 1.44 billion.
- The earnings per share (EPS) for the quarter stood at NOK 2.38.
- The company reported a combined ratio of 83.3%, which is better than the estimated 86.5%.
- Commercial gross written premiums amounted to NOK 4.11 billion in this period.
- Gjensidige reported an insurance revenue of NOK 10.15 billion, exceeding the estimate of NOK 9.79 billion.
- The insurance service result was NOK 1.69 billion.
- Analyst recommendations during this period included 9 buys, 3 holds, and 8 sells.
“`
A look at Gjensidige Forsikring Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores assessment, Gjensidige Forsikring ASA, a Norwegian insurance company, shows a promising long-term outlook. The company scored well in terms of Resilience and Momentum, indicating strong stability and positive market sentiment. With a solid foundation in these aspects, Gjensidige Forsikring is positioned to weather economic uncertainties and capitalize on growth opportunities in the insurance sector.
Gjensidige Forsikring‘s average scores for Value, Dividend, and Growth suggest a balanced approach to financial performance, indicating a focus on sustainable growth while providing returns to shareholders. This, coupled with its established presence in offering general insurance products to individuals and businesses in Norway, positions Gjensidige Forsikring well for steady expansion and continued market relevance in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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