Reference is made to the stock exchange releases dated 25 July 2024, regarding Gjensidige Forsikring ASA's agreement to sell its subsidiary ADB Gjensidige, and 2 January 2026, regarding the completion of the transaction.
In accordance with applicable accounting rules, Gjensidige confirms that the completion of the sale of ADB Gjensidige will not impact the Group's comprehensive income in the first quarter of 2026. As previously communicated, goodwill related to the subsidiary was written down in the third quarter of 2024, reflecting the sales price. Profits from ADB Gjensidige since July 2024 and until completion of the transaction have been recognised in the Group's comprehensive income, as profit from discontinued operations. The proceeds from the sale correspond to the carrying values recognised on the Group's balance sheet.
As announced earlier, the transaction is expected to have a positive effect on the Group's solvency ratio of approximately 5 percentage points in the first quarter of 2026, based on the approved partial internal model.
Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations, Mitra H. Negård, Tel: +47 957 93 631
Investor Relations Officer, Jonas S. Fougner, Tel: +47 948 05 851