Gjensidige Forsikring Asa (GJNSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the second quarter presentation of Jensidiga. My name is Mitra Negård and I'm head of investor relations. We will start this session with our CEO, Geir Holmgren, who will give you highlights of the quarter, followed by our CFO, Jostein Amdal, who will run through the numbers in further detail. And we have plenty of time for questions after that. Geir please. Thank you, Mitra, and good morning, everyone. Turning to page two. We generated strong results this quarter, but before discussing them, I would like to highlight a few important developments during the quarter. First, Lisa Legallet, CEO of the pension business, has joined the group management team. This reflects the growing strategic importance of pension within Jensidia and ensures that this business area is represented directly in key strategic discussions and decisions. At the same time, the product pricing and analysis division has been integrated into the private and commercial divisions. This brings key capabilities closer to customers and operations, enabling faster decisions, stronger business ownership and better execution across the group. Second, an important highlight this quarter was the customer dividend payment from the NCD foundation. In May, 3.1 billion kroner was distributed to customers in Norway, corresponding to 11% of premiums paid last year. The customer dividend remains a unique feature in Norway and is highly valued by customers. It represents a tangible financial benefit, strengthens customer loyalty and retention, and reinforces the distinctive mutual heritage. Every year since our IPO in 2010, customers have received dividend payments, underscoring INSEAD's long-standing commitment to sharing value creation with customers. Thirdly, our pension business achi...