Gjensidige Forsikring Asa (GJNSF) Q1 2026 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.997 Good morning and welcome to the first quarter presentation for Insidia. 00:00:04.997 -- 00:00:09.081 My name is Mitra Negård and I'm Head of Investor Relations. 00:00:09.081 -- 00:00:13.747 We will start this session with our CEO, Geir Holmgren, who will give you the highlights 00:00:13.747 -- 00:00:19.113 of the quarter, followed by our CFO, Jostein Amdahl, who will run through the numbers 00:00:19.113 -- 00:00:24.359 in further detail. And we have plenty of time for a Q&A after that. 00:00:24.359 -- 00:00:26.620 Geir, please. 00:00:31.368 -- 00:00:34.618 Thank you Mitra and good morning everyone. 00:00:34.618 -- 00:00:39.835 I will start with the Danish Supreme Court ruling on the workers compensation scheme 00:00:39.835 -- 00:00:41.941 announced yesterday. 00:00:41.941 -- 00:00:44.969 Reducing the compensation threshold. 00:00:44.969 -- 00:00:50.802 This ruling marks a significant change in the Danish authorities' practice 00:00:50.802 -- 00:00:53.408 regarding workers' compensation. 00:00:53.408 -- 00:00:58.520 The Danish Insurance Association expects the Danish government to assume full 00:00:58.520 -- 00:01:03.226 responsibility for the industry's losses. 00:01:03.380 -- 00:01:08.348 At this stage, the financial impact remains highly uncertain. 00:01:08.348 -- 00:01:14.217 Based on our initial assessments, we estimate that the ruling could result in additional 00:01:14.217 -- 00:01:19.246 claims costs in the range of around 500 to 800 million Danish 00:01:19.246 -- 00:01:24.394 kroner for Jens Iria. It is key to point out that our 00:01:24.394 -- 00:01:30.346 reserves will, to a certain extent, absorb such risks. 00:01:30.346 -- 00:01:35.374 As announced yesterday, we will undertake a thorough review of the ruling and carry 0...