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Norwegian (OSEAX) General Insurance Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies2
  • 7D0.3%
  • 3M8.8%
  • 1Y6.3%
  • YTDn/a

Over the last 7 days, the General Insurance industry has risen 1.2%, driven by gains from every company within the industry. In the last 12 months, the industry was up 7.2%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Norwegian General Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026NOK 172.7bNOK 61.2bNOK 8.5b19.9x20.2x2.8x
Mon, 25 May 2026NOK 167.5bNOK 61.2bNOK 8.5b19.4x19.6x2.7x
Wed, 22 Apr 2026NOK 172.1bNOK 60.9bNOK 8.9b18.2x19.4x2.8x
Fri, 20 Mar 2026NOK 172.1bNOK 60.9bNOK 8.9b18.2x19.3x2.8x
Sun, 15 Feb 2026NOK 173.8bNOK 60.9bNOK 9.1b18x19.2x2.9x
Tue, 13 Jan 2026NOK 183.9bNOK 59.5bNOK 8.3b21.3x22x3.1x
Thu, 11 Dec 2025NOK 186.0bNOK 59.5bNOK 8.3b21.2x22.3x3.1x
Sat, 08 Nov 2025NOK 174.0bNOK 59.5bNOK 8.3b19.5x20.9x2.9x
Mon, 06 Oct 2025NOK 184.1bNOK 57.9bNOK 8.6b20.1x21.4x3.2x
Wed, 03 Sep 2025NOK 175.7bNOK 57.9bNOK 8.6b19.3x20.4x3x
Fri, 01 Aug 2025NOK 178.0bNOK 57.9bNOK 8.6b19.9x20.7x3.1x
Sun, 29 Jun 2025NOK 162.3bNOK 55.6bNOK 7.3b21.2x22.2x2.9x
Tue, 27 May 2025NOK 166.0bNOK 55.6bNOK 7.3b21.3x22.7x3x
Thu, 24 Apr 2025NOK 152.1bNOK 54.0bNOK 6.6b21.5x23.1x2.8x
Sat, 22 Mar 2025NOK 142.5bNOK 54.0bNOK 6.6b20.3x21.6x2.6x
Mon, 17 Feb 2025NOK 140.0bNOK 53.9bNOK 6.7b19.4x20.8x2.6x
Wed, 15 Jan 2025NOK 127.7bNOK 55.5bNOK 6.9b16.7x18.6x2.3x
Fri, 13 Dec 2024NOK 124.5bNOK 55.5bNOK 6.9b16.3x18.2x2.2x
Sun, 10 Nov 2024NOK 121.1bNOK 55.5bNOK 6.9b16x17.7x2.2x
Tue, 08 Oct 2024NOK 116.2bNOK 53.0bNOK 5.4b19.1x21.3x2.2x
Thu, 05 Sep 2024NOK 111.5bNOK 53.0bNOK 5.4b18.2x20.5x2.1x
Sat, 03 Aug 2024NOK 108.0bNOK 53.0bNOK 5.4b17.5x19.8x2x
Mon, 01 Jul 2024NOK 116.5bNOK 48.7bNOK 5.1b20.7x23x2.4x
Wed, 29 May 2024NOK 111.5bNOK 48.7bNOK 5.1b19.7x22x2.3x
Fri, 26 Apr 2024NOK 107.4bNOK 48.0bNOK 5.4b17.9x19.9x2.2x
Sun, 24 Mar 2024NOK 96.4bNOK 47.5bNOK 5.6b15.7x17.4x2x
Tue, 20 Feb 2024NOK 103.9bNOK 47.5bNOK 5.6b16.6x18.7x2.2x
Thu, 18 Jan 2024NOK 104.0bNOK 46.2bNOK 6.4b16.3x16.3x2.3x
Sat, 16 Dec 2023NOK 108.6bNOK 46.2bNOK 6.4b16.7x17x2.4x
Mon, 13 Nov 2023NOK 99.7bNOK 46.2bNOK 6.4b16.1x15.6x2.2x
Wed, 11 Oct 2023NOK 93.5bNOK 44.1bNOK 6.8b12.9x13.8x2.1x
Fri, 08 Sep 2023NOK 94.3bNOK 44.1bNOK 6.8b12.8x13.9x2.1x
Sun, 06 Aug 2023NOK 93.1bNOK 44.1bNOK 6.8b12.7x13.8x2.1x
Tue, 04 Jul 2023NOK 99.4bNOK 42.3bNOK 6.0b14.4x16.5x2.4x
Price to Earnings Ratio

16.5x


Total Market Cap: NOK 99.4bTotal Earnings: NOK 6.0bTotal Revenue: NOK 42.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian General Insurance Industry Price to Earnings3Y Average 19.4x202420252026
Current Industry PE
    There are only 2 companies in the Norwegian Multi-line Insurance industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Multi-line Insurance industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Norwegian General Insurance compare with similar industries?

NO Market-2.35%
Financials-0.16%
Insurance0.86%
General Insurance0.28%
Life and Health Insurance2.19%
Property and Casualty Insurance0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PROT Protector ForsikringNOK 477.601.0%
+NOK 379.5m		11.6%PE19.4x
GJF Gjensidige ForsikringNOK 266.600.08%
+NOK 100.0m		4.9%PE20.4x

Latest News

PROT
NOK 477.60
Protector Forsikring
7D
1.0%
1Y
11.6%
Narrative Update • Jun 25

PROT: Future Upside Will Rely On Capital Returns And Affirmed Credit Strength

Analysts have kept their NOK 581.25 price target for Protector Forsikring unchanged, citing stable assumptions around the discount rate, revenue growth, profit margin and future P/E in their latest update. What’s in the News for Protector Forsikring AM Best affirmed Protector Forsikring ASA’s Financial Strength Rating at A- (Excellent) and Long-Term Issuer Credit Rating at "a-" (Excellent), with a stable outlook, citing a strong balance sheet, robust operating performance, a neutral business profile and effective enterprise risk management.
GJF
NOK 266.60
Gjensidige Forsikring
7D
0.08%
1Y
4.9%
Narrative Update • Jun 24

GJF: Dividends And Sector Re Rating Will Drive Balanced Future Returns

Gjensidige Forsikring’s updated analyst price target has been trimmed slightly to about NOK 290, with analysts pointing to modestly adjusted growth and discount rate assumptions, partly offset by expectations for a somewhat stronger profit margin and a lower future P/E multiple after recent rating upgrades in the sector. Analyst Commentary Recent research on Gjensidige Forsikring shows a clear shift toward a more neutral stance, with price targets in the NOK 250 to NOK 290 range and commentary that the earlier de-rating of Nordic insurers may have gone too far.