Gjensidige Forsikring Future Growth

Future criteria checks 4/6

Gjensidige Forsikring is forecast to grow earnings and revenue by 13.5% and 2.5% per annum respectively. EPS is expected to grow by 13.8% per annum. Return on equity is forecast to be 24.6% in 3 years.

Key information

13.5%

Earnings growth rate

13.8%

EPS growth rate

Insurance earnings growth	9.5%
Revenue growth rate	2.5%
Future return on equity	24.6%
Analyst coverage	Good
Last updated	19 Dec 2024

Recent future growth updates

Gjensidige Forsikring ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jan 27

Recent updates

Gjensidige Forsikring ASA's (OB:GJF) Business Is Trailing The Market But Its Shares Aren't

Jul 04

Subdued Growth No Barrier To Gjensidige Forsikring ASA's (OB:GJF) Price

Apr 03

Gjensidige Forsikring's (OB:GJF) Upcoming Dividend Will Be Larger Than Last Year's

Feb 28

Gjensidige Forsikring's (OB:GJF) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 28

Gjensidige Forsikring ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jan 27

Earnings and Revenue Growth Forecasts

OB:GJF - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	43,098	6,851	N/A	N/A	6
12/31/2025	41,315	6,241	N/A	N/A	6
12/31/2024	38,945	5,135	N/A	N/A	5
9/30/2024	43,412	4,906	3,898	4,119	N/A
6/30/2024	41,738	4,066	2,537	3,016	N/A
3/31/2024	40,389	3,730	3,631	4,270	N/A
12/31/2023	39,285	4,056	4,160	4,886	N/A
9/30/2023	36,522	4,273	6,278	7,080	N/A
6/30/2023	34,934	4,307	5,651	6,311	N/A
3/31/2023	33,666	3,582	5,472	6,104	N/A
12/31/2022	32,385	3,390	1,702	2,262	N/A
9/30/2022	32,459	4,609	2,831	3,319	N/A
6/30/2022	32,568	5,245	4,472	4,951	N/A
3/31/2022	33,735	6,755	2,007	2,493	N/A
12/31/2021	33,460	7,141	6,494	7,027	N/A
9/30/2021	32,502	6,585	4,458	5,026	N/A
6/30/2021	32,236	6,641	9,353	9,909	N/A
3/31/2021	32,110	6,773	6,076	6,606	N/A
12/31/2020	29,609	4,954	6,822	7,335	N/A
9/30/2020	28,694	4,497	6,719	7,233	N/A
6/30/2020	27,807	3,939	1,250	1,762	N/A
3/31/2020	26,471	3,329	6,458	6,962	N/A
12/31/2019	29,620	6,556	-1,674	-1,236	N/A
9/30/2019	27,214	6,376	-4,823	-4,425	N/A
6/30/2019	27,355	6,187	-5,622	-5,226	N/A
3/31/2019	27,437	5,687	-5,717	-5,258	N/A
12/31/2018	25,667	3,383	-2,295	-1,892	N/A
9/30/2018	27,546	2,907	1,140	1,519	N/A
6/30/2018	27,592	3,311	N/A	1,470	N/A
3/31/2018	26,904	3,397	N/A	2,370	N/A
12/31/2017	27,233	4,064	N/A	1,718	N/A
9/30/2017	27,329	4,337	N/A	2,224	N/A
6/30/2017	27,488	4,302	N/A	1,065	N/A
3/31/2017	28,036	4,673	N/A	2,031	N/A
12/31/2016	27,525	4,670	N/A	2,513	N/A
9/30/2016	27,387	4,830	N/A	-3,375	N/A
6/30/2016	26,123	4,253	N/A	-5,361	N/A
3/31/2016	25,689	4,150	N/A	-3,427	N/A
12/31/2015	25,488	3,789	N/A	-6,396	N/A
9/30/2015	24,958	3,502	N/A	-1,727	N/A
6/30/2015	25,356	3,905	N/A	2,006	N/A
3/31/2015	25,462	4,015	N/A	2,620	N/A
12/31/2014	25,453	4,190	N/A	3,428	N/A
9/30/2014	25,346	4,360	N/A	2,641	N/A
6/30/2014	25,199	4,691	N/A	966	N/A
3/31/2014	24,508	4,277	N/A	-980	N/A
12/31/2013	23,314	3,671	N/A	-1,128	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GJF's forecast earnings growth (13.5% per year) is above the savings rate (2.4%).

Earnings vs Market: GJF's earnings (13.5% per year) are forecast to grow faster than the Norwegian market (9.6% per year).

High Growth Earnings: GJF's earnings are forecast to grow, but not significantly.

Revenue vs Market: GJF's revenue (2.5% per year) is forecast to grow faster than the Norwegian market (2.2% per year).

High Growth Revenue: GJF's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GJF's Return on Equity is forecast to be high in 3 years time (24.6%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 06:00
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Fridtjof Berents	Arctic Securities ASA
Claudia Gaspari	Barclays
Robert Bate	Barclays

Gjensidige Forsikring Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Gjensidige Forsikring ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Consensus EPS estimates fall by 10%

Consensus forecasts updated

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

ERGO International AG agreed to acquire ADB Gjensidige from Gjensidige Forsikring ASA (OB:GJF) for €80 million.

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Gjensidige Forsikring ASA's (OB:GJF) Business Is Trailing The Market But Its Shares Aren't

Subdued Growth No Barrier To Gjensidige Forsikring ASA's (OB:GJF) Price

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

Gjensidige Forsikring's (OB:GJF) Upcoming Dividend Will Be Larger Than Last Year's

Gjensidige Forsikring's (OB:GJF) Shareholders Will Receive A Bigger Dividend Than Last Year

Dividend increased to kr8.75

Gjensidige Forsikring ASA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 10%

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: EPS misses analyst expectations

Now 23% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

High number of new directors

Third quarter 2022 earnings: EPS misses analyst expectations

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

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

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: EPS in line with analyst expectations despite revenue beat

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: EPS exceeds 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)

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

Independent Director recently bought kr192k 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

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

Earnings beat expectations, revenue disappoints

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

Gjensidige Forsikring Asa Announces Executive Changes, Effective from March 2021

Chief Executive Officer recently bought kr849k worth of stock

Full year 2020 earnings released: EPS kr9.91

Earnings beat expectations, revenue disappoints

New 90-day high: kr197

Chief Executive Officer recently bought kr5.9m worth of stock

Head of Investments recently bought kr93k worth of stock

Head of Investments recently bought kr93k worth of stock

New 90-day low: kr182

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

Chief Executive Officer recently bought kr100k worth of stock

Third-quarter earnings released: Earnings beat expectations

Third quarter earnings released

New 90-day high: kr203

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake