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Gjensidige Forsikring (GJNSY)
OTHER OTC:GJNSY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 24, 2025
|% Change Since: 10.04%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with substantial revenue growth, an improved combined ratio, and a solid dividend proposal. While there were challenges such as elevated motor claims and issues in Denmark, the positive aspects significantly outweigh the negatives.Company Guidance
During the Q4 2024 earnings call for Gjensidige, the company provided detailed financial metrics illustrating their strong performance and strategic initiatives. The profit before tax was reported at NOK 1.605 billion, with insurance service results reaching NOK 1.670 billion, significantly up year-on-year. The combined ratio improved to 83.3%, with a return on equity of 22.7%. For the full year, Gjensidige achieved a pre-tax profit of NOK 6.823 billion, with a revenue growth of 11% and a combined ratio improvement to 86%. The solvency ratio at year-end was 185%, demonstrating a robust capital position. Additionally, the Board proposed total dividends of NOK 5 billion for the year, including a regular dividend of NOK 9 per share and a special dividend of NOK 1 per share. The company also highlighted ongoing pricing measures, particularly in motor and property insurance, with average price increases reaching over 16% to address claims inflation and maintain profitability.Strong Profit Before Tax
The profit before tax was NOK 1.605 billion for Q4 2024, showing strong efforts to improve results.
Increased Insurance Revenue
Insurance revenue increased by almost 12%, contributing to a return on equity of 22.7%.
Improved Combined Ratio
The combined ratio improved by 1.1 percentage points to 86% for the year, indicating robust operations.
Strong Dividend Proposal
The Board proposed total dividends of NOK 5 billion, with a regular dividend up almost 3% from 2023.
High Retention Rates
Retention rates remained high in Norway, showing strong customer loyalty despite price increases.
Positive Investment Returns
Investments generated returns of NOK 208 million, contributing to the overall financial performance.
Continued Strong Growth
The company delivered a pretax profit of NOK 6.823 billion for the year with revenue growth of 11%.
Solid Capital Position
The solvency ratio at year-end 2024 was 185%, allowing financial flexibility and maintaining an S&P A rating.
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GJNSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GJNSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 24, 2025 | $18.52 | $20.38 | +10.04% |
| Oct 22, 2024 | $18.22 | $18.36 | +0.77% |
| Jul 15, 2024 | $18.50 | $17.06 | -7.78% |
| Apr 25, 2024 | $15.27 | $16.15 | +5.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gjensidige Forsikring (GJNSY) report earnings?
Gjensidige Forsikring (GJNSY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Gjensidige Forsikring (GJNSY) earnings time?
Gjensidige Forsikring (GJNSY) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GJNSY EPS forecast?
Currently, no data Available
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