Gjensidige Forsikring Asa (GJNSF) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.936 Hi everyone, and welcome to this first quarter presentation of Jensidie. 00:00:04.936 -- 00:00:09.060 My name is Mitra Negoy and I'm Head of Investor Relations. 00:00:09.060 -- 00:00:13.885 As always, we will start with our CEO, Geir Holmgren, who will give you the highlights 00:00:13.885 -- 00:00:19.430 of the quarter, followed by our CFO, Justine Amdahl, who will run through the numbers 00:00:19.430 -- 00:00:24.555 in further detail. And we have plenty of time for a Q&A after that. 00:00:24.555 -- 00:00:26.816 Geir, please. 00:00:29.697 -- 00:00:33.080 Thank you Mitra, and good morning everyone. 00:00:33.080 -- 00:00:38.565 We are navigating uncertain times characterized by heightened geopolitical 00:00:38.565 -- 00:00:43.910 tension, significant macroeconomic uncertainty, and considerable market 00:00:43.910 -- 00:00:49.875 turmoil. We anticipate that these challenges will persist for some time, 00:00:49.875 -- 00:00:54.579 and in light of this, it is more crucial than ever to focus on keeping the customers' 00:00:54.579 -- 00:00:59.684 trust, effective risk management, and prudent financial risk taking. 00:00:59.684 -- 00:01:04.757 We will continue to closely monitor developments in drivers of claims 00:01:04.757 -- 00:01:08.426 expenses and respond swiftly to emerging changes. 00:01:08.426 -- 00:01:13.559 Our strong capital position places us in a favourable position to withstand 00:01:13.559 -- 00:01:17.251 further turbulence in the capital markets. 00:01:17.251 -- 00:01:22.798 So let us move on to comments on our first quarter results on page 2. 00:01:22.798 -- 00:01:27.404 I am very pleased to see that our strong efforts to improve the results are gradually 00:01:27.404 -- 00:01:33.051 coming through. The profit before tax ...