Combined ratio of Gjensidige 2010-2023
The combined ratio of the Norwegian insurance company Gjensidige gradually declined between 2010 and 2021, before raising slightly in 2022. Gjensidige Forsikring ASA, better known simply as "Gjensidige", is a Norwegian insurance company headquartered in Oslo. The combined ratio is a measure of profitability, and is the sum of incurred losses and expenses divided by the earned premiums. In 2023, the combined ration of Gjensidige was 87.6 percent - up from 82.8 percent the previous year.