Gjensidige Forsikring Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Geir Holmgren

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO

Geir Holmgren (51 yo)

1.3yrs

Tenure

Mr. Geir Holmgren is Chief Executive Officer at Gjensidige Forsikring ASA since January 01, 2023. He served as Executive Vice President of Corporate Market at Storebrand ASA until June 03, 2022. Mr. Holmgr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jostein Amdal	Executive VP of Governance	7.5yrs	kr6.29m	0.0049% NOK 372.1k
Catharina Hellerud	Chief Risk Officer	8.3yrs	kr3.37m	0.0054% NOK 411.3k
Janne Flessum	Executive Vice President of Strategy & Group Development	2.3yrs	kr4.52m	0.0016% NOK 124.5k
Lars Bjerklund	Executive Vice President of Commercial	5.6yrs	kr5.08m	0.00060% NOK 45.3k
Aysegul Cin	Executive Vice President of Claims	less than a year	kr4.19m	0.00078% NOK 58.9k
Rene Floystol	Executive Vice President of Private	3.8yrs	kr4.55m	0.00090% NOK 67.9k
Berit Nilsen	Executive Vice President of Analytics	less than a year	kr3.91m	0.00032% NOK 24.1k
Geir Holmgren	Chief Executive Officer	1.3yrs	no data	no data
Erik Ranberg	Head of Investments	no data	no data	no data
Karen Christoffersen	Accounting Director	no data	no data	no data
Johan Rostoft	Executive Vice President of Technology & Insight	less than a year	no data	no data
Mitra Negård	Head of Investor Relations	no data	no data	no data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: XGJ's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gyrid Ingero	Director	less than a year	no data	no data
Gisele Marchand	Independent Chairman of the Board	14.3yrs	kr772.30k	0.00030% NOK 22.6k
Gunnar Sellaeg	Independent Board Member	3.9yrs	kr563.30k	0.00020% NOK 15.1k
Vibeke Krag	Independent Director	6yrs	kr682.50k	0.00030% NOK 22.6k
Terje Seljeseth	Independent Director	6yrs	kr466.90k	0.00050% NOK 37.7k
Tor Lonnum	Independent Director	3.9yrs	kr485.20k	0.0024% NOK 181.1k
Hilde Nafstad	Independent Director	7yrs	kr511.00k	0.00079% NOK 59.6k
Ellen Enger	Employee Representative Director	3.9yrs	kr563.30k	0.00029% NOK 21.9k
Eivind Elnan	Independent Director	7yrs	kr510.50k	0.00044% NOK 33.2k
Ruben Pettersen	Employee Representative Director	3.9yrs	kr503.00k	0.00020% NOK 15.1k
Sebastian Buur Kristiansen	Employee Representative Director	3.6yrs	kr466.90k	0.00016% NOK 12.1k

3.9yrs

Average Tenure

56yo

Average Age

Experienced Board: XGJ's board of directors are considered experienced (3.9 years average tenure).

Gjensidige Forsikring Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

High number of new directors

Gjensidige Forsikring ASA Announces CEO Changes

High number of new directors

Independent Director recently bought €19k worth of stock

Independent Director recently bought €19k worth of stock

Recent updates

Gjensidige Forsikring ASA(OB:GJF) dropped from Oslo OBX Total Return Index

Upcoming dividend of kr8.75 per share

Gjensidige Forsikring ASA to Report Q1, 2025 Results on Apr 29, 2025

Dividend of kr8.75 announced

Full year 2023 earnings released: EPS: kr8.11 (vs kr9.14 in FY 2022)

Gjensidige Forsikring ASA Proposes Cash Dividend, Payable on 5 April 2024

Third quarter 2023 earnings released: EPS: kr1.63 (vs kr2.21 in 3Q 2022)

Insufficient new directors

Gjensidige Forsikring ASA (OB:GJF) acquired Commercial Portfolio from Sønderjysk Forsikring for DKK 200 million.

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire PenSam Forsikring A/S.

Gjensidige Forsikring ASA to Report Q3, 2024 Results on Oct 22, 2024

First quarter 2023 earnings released: EPS: kr2.26 (vs kr2.64 in 1Q 2022)

Upcoming dividend of kr8.25 per share at 4.7% yield

Full year 2022 earnings released: EPS: kr9.04 (vs kr14.28 in FY 2021)

Gjensidige Forsikring ASA Proposes Regular Dividend, Payable on 31 March 2023

Now 20% undervalued

Now 21% undervalued after recent price drop

High number of new directors

Third quarter 2022 earnings released: EPS: kr2.21 (vs kr2.99 in 3Q 2021)

Gjensidige Forsikring ASA(OB:GJF) dropped from Oslo OBX Total Return Index

Second quarter 2022 earnings released: EPS: kr1.62 (vs kr3.64 in 2Q 2021)

Gjensidige Forsikring ASA Announces CEO Changes

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire 33.33% stake in Mycar Group As.

First quarter 2022 earnings released: EPS: kr2.64 (vs kr2.68 in 1Q 2021)

High number of new directors

Upcoming dividend of kr7.70 per share

Gjensidige Forsikring ASA to Report Q3, 2023 Results on Oct 19, 2023

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Entra ASA (OB:ENTRA) completed the acquisition of Oslo Areal AS from Gjensidige Forsikring ASA (OB:GJF) and AMF Pensionsförsäkring AB.

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire Falck Raddningskar Ab from Falck Investment Sverige AB for SEK 1.4 billion.

Upcoming dividend of kr4.00 per share

Third quarter 2021 earnings released: EPS kr2.99 (vs kr3.10 in 3Q 2020)

Second quarter 2021 earnings released: EPS kr3.64 (vs kr3.90 in 2Q 2020)

Independent Director recently bought €19k worth of stock

Gjensidige Forsikring ASA (OB:GJF) agreed to acquire NEM Forsikring A/S.

Independent Director recently bought €19k worth of stock

First quarter 2021 earnings released: EPS kr2.68 (vs kr0.96 loss in 1Q 2020)

Upcoming Dividend of kr7.40 Per Share

Gjensidige Forsikring ASA to Report First Half, 2022 Results on Jul 15, 2022

Full year 2020 earnings released: EPS kr9.91 (vs kr13.11 in FY 2019)

Revenue misses expectations

Gjensidige Forsikring Asa Announces Executive Changes, Effective from March 2021

Chief Executive Officer recently bought €82k worth of stock

Full year 2020 earnings released: EPS kr9.91

Revenue misses expectations

Chief Executive Officer recently bought €561k worth of stock

Head of Investments recently bought €8.7k worth of stock

Head of Investments recently bought €8.7k worth of stock

New 90-day low: €16.31

Nykredit to End Its Non-Life Insurance Partnership with Gjensidige Forsikring

Chief Executive Officer recently bought €9.1k worth of stock

Third quarter earnings released

New 90-day high: €18.74

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age