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Gjensidige Forsikring announces an after-tax profit of NOK 1,004.6 million in the second quarter of 2018, compared with NOK 1,094.5 million for the same period of the previous year.
According to TDN Direkt, the consensus indicates a profit of 1,176 million NOK
Earnings per share amounted to 2,01 NOK, against NOK 2,19 at the same crossroads the year last and should be NOK 2.35.
Profit before tax amounted to NOK 1,252.6 million, compared to NOK 1,502.7 million NOK 192,900 million Norwegian kroner
Insurance revenue amounted to 706.8 million Norwegian kroner compared with NOK 972.3 million last year.
Premium income reached 5 987.2 million Norwegian kroner in the quarter compared to 5 824.7 million
The combined ratio increased from 83.3% in the second quarter of 2017 to 88.2% during the same period of the year.
Debt in Winter
– The result is characterized by weather shells there and the continued weakening of the profitability of motor vehicles in Norway. We are very satisfied with the significant improvement of our operations outside of Norway. To continue to improve our competitiveness and profitability, we will continue our broad commitment to digitization and innovation to ensure the best customer experience in the Nordic market, "said Helge Leiro Baastad, CEO of the company. company
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