Gjensidige: combined ratio 2023

The combined ratio of the Norwegian insurance company Gjensidige gradually declined between 2010 and 2021, before raising slightly in 2022. Gjensidige Forsikring ASA, better known simply as "Gjensidige", is a Norwegian insurance company headquartered in Oslo. The combined ratio is a measure of profitability, and is the sum of incurred losses and expenses divided by the earned premiums. In 2023, the combined ration of Gjensidige was 87.6 percent - up from 82.8 percent the previous year.

Combined ratio of Gjensidige from 2010 to 2023

Characteristic	Combined ratio
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Release date

February 2024

More information

Region

Norway

Survey time period

2010 to 2023

Supplementary notes

The source provides the following information:
"Defined as an alternative performance measure (APM). APMs are described in a separate document published at gjensidige.no/reporting."

* Gjensidige implemented IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts on 1 January 2023. The effects of the transition are presented in the equity statement, and comparative figures have been restated.

Data prior to 2019 obtained from previous publications.

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