The combined ratio of the Norwegian insurance company Gjensidige gradually declined between 2010 and 2021, before raising slightly in 2022. Gjensidige Forsikring ASA, better known simply as "Gjensidige", is a Norwegian insurance company headquartered in Oslo. The combined ratio is a measure of profitability, and is the sum of incurred losses and expenses divided by the earned premiums. In 2023, the combined ration of Gjensidige was 87.6 percent - up from 82.8 percent the previous year.
The source provides the following information: "Defined as an alternative performance measure (APM). APMs are described in a separate document published at gjensidige.no/reporting."
* Gjensidige implemented IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts on 1 January 2023. The effects of the transition are presented in the equity statement, and comparative figures have been restated.
Data prior to 2019 obtained from previous publications.
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Gjensidige. (February 15, 2024). Combined ratio of Gjensidige from 2010 to 2023 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/
Gjensidige. "Combined ratio of Gjensidige from 2010 to 2023." Chart. February 15, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/
Gjensidige. (2024). Combined ratio of Gjensidige from 2010 to 2023. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/
Gjensidige. "Combined Ratio of Gjensidige from 2010 to 2023." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/
Gjensidige, Combined ratio of Gjensidige from 2010 to 2023 Statista, https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/ (last visited October 30, 2024)
Combined ratio of Gjensidige from 2010 to 2023 [Graph], Gjensidige, February 15, 2024. [Online]. Available: https://www.statista.com/statistics/1077999/combined-ratio-of-gjensidige/
