Gjensidige Forsikring ASA

Gjensidige Forsikring ASA

Gjensidige Forsikring ASA

Overview
Date Founded

2010

Headquarters

Schweigaardsgate 21, Oslo, 0191, NOR

Type of Company

Public

Employees (Worldwide)

3,676

Industries

Retail & Commercial Banking
Insurance Brokerage
Insurance: Life & Health
Insurance: Property & Casualty

Company Description

Gjensidige Forsikring ASA engages in the provision of insurance services. It operates through the following business segments: General Insurance Private, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, Pension, and Retail Bank. The General Insurance Private segment offers insurances related to motor, property, accident and health, and leisure. The General Insurance Commercial segment provides general insurance products to the commercial, agriculture, and municipality markets. The General Insurance Denmark segment engages in the provision of general insurance products to the private, commercial, and municipal markets in Denmark. The General Insurance Sweden segment consists of motor, property, accident and health, and other insurance products. The General Insurance Baltics segment supplies general insurance products to the private and commercial markets in Latvia, Lithuania, and Estonia. The Pension segment includes defined contribution pensions and related risk for disability and death, private pension savings, and individual disability pensions.The Retail Bank segment operates Gjensidige Bank, which provides mortgages, car financing, unsecured lending, savings, credit cards, and day-to-day banking services. The company was founded in 1922 and is headquartered in Oslo, Norway.

Contact Data
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Executives & Employees

Chief Executive Officer

Executive Vice President & Chief Financial Officer

Head of Investor Relations

Acting Executive Vice President

Director

Director

Director

Director

Board of Directors

Director at Scatec ASA

Director at TGS-NOPEC Geophysical Co. ASA

Senior Vice President-Investor Relations at Equinor ASA

Director at Gjensidige Forsikring ASA

Director at Gjensidige Forsikring ASA

Director at Gjensidige Forsikring ASA

Director at Gjensidige Forsikring ASA

Director at Gjensidige Forsikring ASA

Member, Board of Directors at Gjensidige Forsikring ASA

Member, Board of Directors at Gjensidige Forsikring ASA

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Gjensidige Forsikring ASA
Owners & Shareholders
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Folketrygdfondet is an active, value-oriented, long-term manager which administers the Government Pension Fund Norway following rules set by the Ministry of Finance mandate requiring them to invest in equities and fixed-income instruments in a counter-cyclical manner in Norway, Denmark, Finland and Sweden. The strategic benchmark stipulates a 60 percent allocation to equities and 40 percent to fixed income, with a regional split of 80-90 percent in Norway and 10-20 percent across the rest of the Nordic region. The firm’s managers apply both qualitative and quantitative criteria. Folketrygdfondet focus on fundamental factors such as macroeconomic assessments, performance trends, equity returns, capital structure, pricing, cash flow and analyses of corporate governance, environmental and social matters.

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AB Kapital is an active manager that invests globally in debt and equity across sectors and market-caps which aims to achieve long-term stable outperformance. Their geographic focus is on Norway and Nordic countries. The firm believes that thorough research can identify market anomalies and achieve superior and consistent investment results. Their internal allocation team performs both tactical and strategic asset allocation to construct portfolios.

Details Hidden

Danske Norway actively manages portfolios invested in equity, debt and alternative instruments across strategies and regions with a strong emphasis on European markets. The firm focuses on core investment areas and selects external managers for investments in regions where they do not possess specialist expertise. They follow a long-term investment approach and seek to identify global trends within traditional and new fast-growing sectors.The firm's equity investment philosophy follows a bottom-up approach and is based on the belief that markets are inefficient especially when it comes to pricing companies undergoing changes. Their investment process begins with a systematic qualitative and quantitative screening process designed to identify and evaluate companies experiencing or about to experience change. They then apply their proprietary valuation model, based on fundamental analysis and compare the changes undergone by companies, their quality and their market evaluation.Danske Norway's fixed-income investment philosophy is based on the exploitation of market inefficiencies and consists of a top-down and bottom-up research process combined with quantitative and qualitative analysis.

Recent Transactions
Details Hidden

Gjensidige Forsikring ASA purchases NEM Forsikring A/S

Details Hidden

Nordea Bank Abp purchases Gjensidige Bank ASA from Gjensidige Forsikring ASA

Details Hidden

Gjensidige Forsikring ASA purchases Mølholm Forsikring A/S from PFA Holding A/S

Transaction Advisors
Legal Advisor

Advised onGjensidige Forsikring ASA, Gjensidigestiftelsen purchase PZU Lietuva UAB from Powszechny Zaklad Ubezpieczen SA

Investment Advisor

Advised onNordea Bank Abp purchases Gjensidige Bank ASA from Gjensidige Forsikring ASA

Legal Advisor

Advised onGjensidige Forsikring ASA purchases NEM Forsikring A/S

Attorney

Advised onGjensidige Forsikring ASA issued NOK Ordinary Shares

Associate

Advised onGjensidige Forsikring ASA issued NOK Ordinary Shares

Legal Advisor

Advised onGjensidige Forsikring ASA issued NOK Ordinary Shares

Key Stats and Financials As of 2020
Market Capitalization
$11.5B
Total Enterprise Value
$11.3B
Earnings Per Share
$1.13
Enterprise Value / Sales
3.25x
TEVNet Income
20.03x
Debt TEV
0.04x
Three Year Compounded Annual Growth Rate Of Revenue
1.65%
Revenue
$3.47B
Total Equity
$2.76B
Total Debt
$400M
Net Profit
$564M
Investors
Details Hidden

Chief Executive Officer at Gjensidige Forsikring ASA

Details Hidden

Former Chief Executive Officer at Akastor ASA

Suppliers
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Coor Service Management Holding AB Other Business & Consulting Services | Kista, Sweden

Coor Service Management Holding AB engages in the provision of facility management services. It also offers workplace, property, and strategic advisory services. It operates through the following geographical segments: Sweden, Norway, Finland, Denmark, and Group Functions or Others. The company was founded in 1998 and is headquartered in Kista, Sweden.

Telia Co. AB Computer Software | Stockholm, Sweden

Telia Co. AB engages in the provision of network access and telecommunication services. It operates through the following geographical segments: Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Other. It focuses in the mobile, television, and fixed-line operations. The Other segments include the operations in Latvia, the international carrier operations and customer financing operations. The company was founded in 1853 and is headquartered in Stockholm, Sweden.

Competitors
RSA Insurance Group Plc Insurance Brokerage

With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, we employ around 23,000 people, serving 17 million customers in around 140 countries. While our origins lie in London, RSA is a global company with businesses in both mature and emerging markets. We have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. Our focus on general insurance delivers strong, profitable performance, even in the most challenging market conditions. In 2011, for example, our net written premiums were £8.1bn

Skandinaviska Enskilda Banken AB Retail & Commercial Banking - Stockholm, Sweden

Most people strive to grow through visions and plans for the future. At SEB we see it as our job to be there as our customers turn these ambitions into reality; to make our knowledge available and be their trusted partner in both good and bad times; give good advice on a daily basis – but also to anticipate future needs. That is why cross-border co-operation is a success factor for us – one SEB, where differences in culture, individual background and skills are woven together into a whole that has tangible benefits for our customers. We are different from other Nordic banks in several ways, but mainly through our unique business mix with an emphasis on corporate banking and through deep and long-term relationships with our customers in the Nordic and Baltic countries and Germany. We are also proud of our history – more than a century and a half of it. This gives us a firm tradition to stand on but has also taught us to be resilient and take a long-term perspective. Above all, it has given us an insight: close relationships with our customers are paramount.

Sampo Oyj Other Insurance Services - Helsinki, Fin

Sampo Group's goal is to generate value for its shareholders. The Group aims to flexibly utilise opportunities that arise in the market to create shareholder value through transactions such as mergers and acquisitions. Sampo Group's business areas are P&C insurance and life insurance. Sampo plc is also the largest shareholder in Nordea Bank, the largest bank in the Nordic countries. Nordea is treated as an associated company in Sampo's Group accounts. The business areas have clear strategies, based on targets for return on equity. There are few synergies between the P&C insurance and life insurance businesses.

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