 | |
| Company type | Allmennaksjeselskap |
|---|---|
| OSE:GJF | |
| Industry | Financial services |
| Founded | 1923 |
| Headquarters | Oslo,Norway |
Area served | Norway,Denmark,Sweden,Baltic region |
Key people | Geir Holmgren(CEO),Inge Hansen(Chairman) |
| Products | Insurance,pensions,savings,online banking |
| Revenue | NOK 24.16 billion(2015)[1] |
| NOK 3.785 billion(2015)[1] | |
| Total assets | NOK 129.264 billion(end 2015)[1] |
| Total equity | NOK 23.3 billion(end 2015)[1] |
Number of employees | 3,908(end 2015)[1] |
| Subsidiaries | Gjensidige Bank, Gjensidige Pensjon og Sparing |
| Website | www www www www |
Gjensidige Forsikring ASA is aNorwegianinsurance company.[2] The company traces its roots back to 1816 when afiremutual was founded asLand Gjensidige Brandkasse in what is today Innlandet county. Gjensidigedemutualised and listed on theOslo Stock Exchange in December 2010. The firm,headquartered inOslo, has a market share of some 26% (2021) in the Norwegian insurance market. The company has 36 branch offices in Norway, not including affiliated fire mutuals, and 1 million customers. Gjensidige has subsidiaries inDenmark,Sweden andThe Baltics.[3]
The company offers all kinds ofinsurance for retail customers, agriculture and business. It also offerspensions andsavings products.
Although the company traces its roots back to 1816, the brand name Gjensidige originates from the life insurance companyChristiania almindelige gjensidige forsørgelsesanstalt that was established in 1847.[4] In the early 1970s the p&c-company traded under the nameSamtrygd, whereas the life insurance company had simplified its name to Gjensidige Liv. The two companies formed a strategic alliance in 1976, adopting Gjensidige as a joint brand name, but as both companies were mutually owned they did not merge.
In 1992 Gjensidige acquiredForenede Forsikring and in 1993 Gjensidige Bank was created withbanking services.[5] In 1999 Gjensidige and the savings bankSparebanken NOR created theGjensidige NOR-group.[6] The Group was a strategic alliance between mutually owned companies. When Gjensidige NOR merged withDen norske Bank in 2003 to formDnB NOR, Gjensidige Forsikring remained an independent company.
In 2007 Gjensidige acquired shares inStorebrand, and for some time held the position as the number one shareholder with 24.33% of the stock. The entire shareholding was sold in 2014.
In 2010 Gjensidige demutualised and was listed on theOslo Stock Exchange.[7] The Gjensidige Foundation is the largest owner with some 62 percent of the shares.[8]
