Gjensidige Forsikring ASA recorded a profit before tax of NOK 1,428 million (815) for the quarter. The profit from general insurance operations measured by the underwriting result amounted to NOK 506 million (50). For the investment portfolio, the return on financial assets was 1.6 per cent (1.5), or NOK 909 million (779).
'We are very satisfied with the development of our general insurance operations, both in Norway and in the Nordic segment. Operations in both the Norwegian retail and commercial markets and in the Nordic countries have contributed to good development in profit performance through precise risk pricing, cost-efficient operations and greater selling and distribution power. A mild winter, without prolonged periods of frost, has also resulted in considerably lower claims incurred. The support areas have also developed positively, with both Pension and Savings, and Banking recording positive results,' says CEO Helge Leiro Baastad.

'Efforts to retain customers...