Gjensidige Forsikring ASA

LSE:0OJC Stock Report

Market Cap: NOK 100.5b

Gjensidige Forsikring Management

Management criteria checks 3/4

Gjensidige Forsikring's CEO is Geir Holmgren, appointed in Jan 2023, has a tenure of 1.92 years. total yearly compensation is NOK9.31M, comprised of 59.4% salary and 40.6% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth NOK9.19M. The average tenure of the management team and the board of directors is 4.5 years and 4.6 years respectively.

Key information

Geir Holmgren

Chief executive officer

NOK 9.3m

Total compensation

CEO salary percentage59.4%
CEO tenure1.9yrs
CEO ownership0.009%
Management average tenure4.5yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Holmgren's remuneration changed compared to Gjensidige Forsikring's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 5b

Jun 30 2024n/an/a

NOK 4b

Mar 31 2024n/an/a

NOK 4b

Dec 31 2023NOK 9mNOK 6m

NOK 4b

Compensation vs Market: Geir's total compensation ($USD821.56K) is below average for companies of similar size in the UK market ($USD3.47M).

Compensation vs Earnings: Insufficient data to compare Geir's compensation with company performance.

CEO

Geir Holmgren (52 yo)

1.9yrs

Tenure

NOK 9,307,266

Compensation

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

NamePositionTenureCompensationOwnership
Geir Holmgren
Chief Executive Officer1.9yrsNOK 9.31m0.0092%
NOK 9.2m
Jostein Amdal
Executive VP of Governance8.2yrsNOK 6.36m0.0064%
NOK 6.4m
Johan Rostoft
Executive Vice President of Technology & Insight1.3yrsNOK 3.56mno data
Siri Langangen
Executive Vice President of People & Communication1.3yrsNOK 3.29mno data
Catharina Hellerud
Chief Risk Officer8.9yrsNOK 3.40m0.0057%
NOK 5.7m
Lars Bjerklund
Executive Vice President of Commercial6.3yrsNOK 5.69m0.0011%
NOK 1.1m
Rene Floystol
Executive Vice President of Private4.5yrsNOK 4.91m0.0012%
NOK 1.2m
Berit Nilsen
Executive Vice President of Analytics1.3yrsNOK 4.24m0.00057%
NOK 572.8k
Erik Ranberg
Head of Investmentsno datano datano data
Karen Christoffersen
Accounting Directorno datano datano data
Mitra Negård
Head of Investor Relationsno datano datano data
Bernard Zysman
Chief Legal Officer9.7yrsno datano data

4.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 0OJC's management team is considered experienced (4.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gyrid Ingero
Directorless than a yearno datano data
Gisele Marchand
Independent Chairman of the Board14.9yrsNOK 901.00kno data
Gunnar Sellaeg
Independent Board Member4.6yrsNOK 424.10kno data
Vibeke Krag
Independent Director6.7yrsNOK 587.70kno data
Terje Seljeseth
Independent Director6.7yrsNOK 473.30kno data
Tor Lonnum
Independent Director4.6yrsNOK 514.44kno data
Hilde Nafstad
Independent Director7.7yrsNOK 511.00kno data
Ellen Enger
Employee Representative Director4.6yrsNOK 433.00k0.00031%
NOK 311.5k
Eivind Elnan
Independent Director7.7yrsNOK 516.17kno data
Ruben Pettersen
Employee Representative Director4.6yrsNOK 511.80k0.00023%
NOK 231.1k
Sebastian Buur Kristiansen
Employee Representative Director4.3yrsNOK 482.20k0.00018%
NOK 180.9k

4.6yrs

Average Tenure

57yo

Average Age

Experienced Board: 0OJC's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 00:55
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gjensidige Forsikring ASA is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fridtjof BerentsArctic Securities ASA
Claudia GaspariBarclays
Robert BateBarclays