Gjensidige Forsikring ASA (GJNSF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 20.68 means the share price is 20.68 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $8.76B is the value of all shares combined. Beta 0.12: the stock has moved about 88% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerGjensidige Forsikring ASA (GJNSF) trades at $17.52. Gjensidige Forsikring ASA is a Norwegian financial services company providing general insurance and pension products across the Nordic and Baltic regions. Market cap: $8.76B, Sector: Financial services.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for GJNSF: GJNSF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates GJNSF against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
GJNSF: 2/2 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Gjensidige Forsikring ASA (GJNSF) Financial Services Profile
Gjensidige Forsikring ASA, a Norwegian insurer with a history dating back to 1816, offers a range of general insurance and pension products across the Nordic and Baltic regions, leveraging multiple distribution channels and demonstrating a stable financial profile with a 14.4% profit margin and a 3.74% dividend yield.
What Is the Investment Thesis for GJNSF?
Gjensidige Forsikring ASA presents a stable investment opportunity within the financial services sector, supported by its established market position and diversified product offerings. The company's 3.74% dividend yield and 14.4% profit margin indicate financial stability. Growth catalysts include expansion within the Baltic region and increased penetration of its pension products. Potential risks include fluctuations in claims costs and regulatory changes within the insurance industry. The company's low beta of 0.12 suggests lower volatility compared to the overall market. Continued focus on digital distribution channels and product innovation could drive future growth.
Based on FMP financials and quantitative analysis
GJNSF Key Highlights
Market capitalization of $8.76B, reflecting a substantial market presence.
- P/E ratio of 20.68, indicating investor valuation relative to earnings.
- Profit margin of 14.4%, showcasing efficient profitability.
- Gross margin of 100.0%, suggesting strong pricing power in its insurance products.
- Dividend yield of 3.74%, providing a steady income stream for investors.
Who Are GJNSF's Competitors?
GJNSF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AGESF ageas SA/NV | $79.04 | +0.00% | $16.3B | — |
| AKBTY Akbank T.A.S. | $3.13 | +5.57% | $8.14B | — |
| ASXFF ASX Limited | $40.58 | 0.00% | $7.92B | — |
| CHBAF The Chiba Bank, Ltd. | $16.55 | 0.00% | $11.4B | — |
| FNBKY FinecoBank Banca Fineco S.p.A. | $52.24 | -15.76% | $7.99B | — |
| ORI Old Republic International Corporation | $40.84 | +0.02% | $9.95B | 915-pillar |
| BNT Brookfield Wealth Solutions Ltd. | $38.02 | -1.60% | $12.7B | 385-pillar |
| AEG Aegon Ltd. | $9.05 | -0.11% | $13.6B | 595-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GJNSF's Key Strengths?
Strong brand recognition in the Nordic and Baltic regions.
- Diversified product portfolio across multiple insurance segments.
- Established distribution network with multiple channels.
- Solid financial performance with consistent profitability.
What Are GJNSF's Weaknesses?
Limited geographic presence outside of the Nordic and Baltic regions.
- Exposure to regulatory changes in multiple countries.
- Dependence on traditional distribution channels.
- Potential for increased competition from international players.
What Could Drive GJNSF Stock Higher?
Expansion of digital distribution channels to reach a wider customer base.
- Development of new and innovative insurance products to meet evolving customer needs.
- Strategic partnerships with other companies to expand market reach.
- Potential acquisitions of smaller insurance companies in the Baltic region.
- Launch of new pension products tailored to specific customer segments.
What Are the Key Risks for GJNSF?
Financial-distress signal — its Altman Z-Score of 0.73 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns impacting insurance demand and profitability.
- Increased claims costs due to natural disasters or other unforeseen events.
- Changes in regulatory requirements impacting insurance operations.
- Competition from new entrants and disruptive technologies.
- Fluctuations in interest rates impacting investment income.
What Are the Growth Opportunities for GJNSF?
- Expansion in the Baltics: Gjensidige has the opportunity to further expand its market share in Latvia, Lithuania, and Estonia. These markets offer growth potential due to increasing insurance penetration rates and rising disposable incomes. By tailoring its products to local needs and leveraging digital distribution channels, Gjensidige can capitalize on this growth opportunity. The Baltic insurance market is projected to grow at a rate of 5-7% annually over the next five years.
- Digital Transformation: Investing in digital technologies to enhance customer experience and streamline operations represents a significant growth opportunity. This includes developing mobile apps for claims processing, implementing AI-powered chatbots for customer service, and using data analytics to personalize insurance offerings. Digital transformation can lead to increased customer satisfaction, reduced costs, and improved efficiency. The global insurtech market is expected to reach $166 billion by 2031, according to Allied Market Research.
- Pension Product Penetration: Gjensidige can increase its penetration of defined contribution occupational pension schemes for businesses. As populations age and governments reduce pension benefits, there is a growing demand for private pension solutions. By offering competitive pension products and leveraging its existing distribution channels, Gjensidige can capture a larger share of the pension market. The occupational pension market in the Nordic region is estimated to be worth $400 billion.
- Product Innovation: Developing new and innovative insurance products to meet evolving customer needs is crucial for growth. This includes offering cyber insurance for individuals and businesses, parametric insurance for climate-related risks, and usage-based insurance for vehicles. By staying ahead of the curve and offering relevant products, Gjensidige can attract new customers and differentiate itself from competitors. The global parametric insurance market is projected to reach $17 billion by 2027.
- Strategic Partnerships: Forming strategic partnerships with other companies can provide access to new markets and distribution channels. This includes partnering with banks, retailers, and technology companies to offer insurance products to their customers. Strategic partnerships can also help Gjensidige expand its product offerings and enhance its brand awareness. For example, partnering with a fintech company could enable Gjensidige to offer embedded insurance products through their platform.
What Are GJNSF's Competitive Advantages?
- Established brand reputation in the Nordic and Baltic regions.
- Diversified product portfolio across various insurance segments.
- Multi-channel distribution network providing broad market access.
- Strong financial position with consistent profitability.
What Does GJNSF Do?
Gjensidige Forsikring ASA, established in 1816, is a leading provider of general insurance and pension products. Headquartered in Oslo, Norway, the company has expanded its operations to include Sweden, Denmark, Latvia, Lithuania, and Estonia. Gjensidige operates through six key segments: General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, General Insurance Baltics, and Pension. Its comprehensive product portfolio encompasses motor, home, accident and health, travel, leisure craft, boat, valuables, liability, commercial, marine/transport, agriculture, natural perils, life, and pet insurance. In addition to insurance, Gjensidige offers defined contribution occupational pension schemes for businesses, including disability, spouse/cohabitant, and child's pension products. The company utilizes a multi-channel distribution strategy, reaching customers through offices, call centers, the internet, partners, and brokers. With a history spanning over two centuries, Gjensidige has established a strong brand presence and a reputation for reliability in the Nordic and Baltic insurance markets.
What Products and Services Does GJNSF Offer?
- Provides general insurance products to individuals and businesses.
- Offers motor, home, and accident insurance.
- Provides travel, leisure craft, and boat insurance.
- Offers liability, commercial, and marine/transport insurance.
- Provides agriculture, natural perils, and pet insurance.
- Offers defined contribution occupational pension schemes.
How Does GJNSF Make Money?
- Generates revenue through premiums from insurance policies.
- Distributes products through offices, call centers, internet, partners, and brokers.
- Manages risk through underwriting and reinsurance.
- Invests premiums to generate investment income.
What Industry Does GJNSF Operate In?
Gjensidige operates within the diversified insurance industry, which is characterized by increasing regulatory scrutiny and evolving consumer demands. The market is competitive, with both local and international players vying for market share. Trends include the adoption of digital technologies for distribution and claims processing, as well as a growing emphasis on personalized insurance products. Gjensidige's established presence in the Nordic and Baltic regions positions it well to capitalize on these trends, although it faces competition from companies like AGESF (Ageas SA/NV) and AKBTY (Achmea B.V.).
Who Are GJNSF's Key Customers?
- Private individuals seeking personal insurance coverage.
- Commercial businesses requiring property and liability insurance.
- Businesses seeking occupational pension schemes for employees.
- Customers in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in NOK, converted to USD
Earnings Track Record
Gjensidige Forsikring ASA has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 2.1% above estimates on average.
Financial Health
Gjensidige Forsikring ASA's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.73 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for Gjensidige Forsikring ASA stands at 29.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.4%, showing how much profit it generates from its asset base. GJNSF trades at a trailing price-to-earnings ratio of 20.68, above the Financial Services sector average of ~17.50x. Its free cash flow yield is 5.1%, a gauge of the cash the business throws off relative to its market value. Its earnings yield is 4.9%, the inverse of the P/E and a quick read on earnings relative to price.
Gjensidige Forsikring ASA (GJNSF) Valuation Context
Valued at $8.76B, GJNSF is classified as a mid-cap stock.
GJNSF Revenue & Earnings Trend
In Q2 FY2026, GJNSF generated $1.31B in top-line revenue, marking a sequential increase of 10.2%. The company recorded net income of $228.4M, with diluted EPS of $0.45. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Financial Services. Across the four most recent quarters, GJNSF averaged $0.35 in diluted EPS.
Company Profile
Gjensidige Forsikring ASA operates in the Insurance - Diversified industry within the Financial Services sector. It is headquartered in Oslo, NO. The company is led by CEO Geir Holmgren. GJNSF has traded publicly since 2013.
GJNSF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong brand recognition in the Nordic and Baltic regions.
- Diversified product portfolio across multiple insurance segments.
- Established distribution network with multiple channels.
- Solid financial performance with consistent profitability.
Bear Case
- Limited geographic presence outside of the Nordic and Baltic regions.
- Exposure to regulatory changes in multiple countries.
- Dependence on traditional distribution channels.
- Potential for increased competition from international players.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $1.31B | $228M | $0.45 |
| Q1 FY2026 | $1.19B | $186M | $0.36 |
| Q4 FY2025 | $1.33B | $142M | $0.28 |
| Q3 FY2025 | $1.34B | $172M | $0.32 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from NOK at today's rate
GJNSF Latest News
No recent news available for GJNSF.
GJNSF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for GJNSF.
Price Targets
Wall Street price target analysis for GJNSF.
GJNSF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for GJNSF; grades run from A+ (80-100) to F (below 30).
Leadership: Geir Holmgren
CEO
Geir Holmgren serves as the CEO of Gjensidige Forsikring ASA, leading a workforce of 4,664 employees. His professional background includes extensive experience in the financial services industry, with a focus on insurance and risk management. Prior to joining Gjensidige, Holmgren held various leadership positions at other prominent financial institutions. He is known for his strategic vision and his ability to drive growth and innovation within the organization. Holmgren's leadership is characterized by a focus on customer satisfaction and operational efficiency.
Track Record: Under Geir Holmgren's leadership, Gjensidige has maintained a strong financial performance and has expanded its market share in key segments. He has overseen the implementation of several strategic initiatives, including the digital transformation of the company's operations and the expansion into new geographic markets. Holmgren has also played a key role in fostering a culture of innovation and customer focus within the organization. Gjensidige has consistently achieved high customer satisfaction ratings under his leadership.
GJNSF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Gjensidige Forsikring ASA (GJNSF) may not meet the minimum financial or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited information available to investors, and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries a higher degree of risk due to the potential for limited liquidity and transparency.
- OTC Tier: OTC Other
- Limited liquidity compared to major exchanges.
- Lack of regulatory oversight and financial reporting requirements.
- Potential for price volatility due to low trading volume.
- Information asymmetry and limited transparency.
- Higher risk of fraud or manipulation.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Monitor trading volume and price volatility.
- Understand the risks associated with investing in OTC securities.
- Consult with a financial advisor before investing.
- Established history of operations in the Nordic and Baltic regions.
- Presence of a recognized CEO and management team.
- Availability of some financial information, even if limited.
- Operations in a regulated industry (insurance).
- Dividend payments to shareholders.
Common Questions About GJNSF (Financial Services)
Is GJNSF a good stock?
Stock Expert AI does not rate GJNSF buy, sell or hold. Gjensidige Forsikring ASA has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about GJNSF stock?
Analyst coverage of GJNSF stock is limited due to its OTC listing, but the company's financial performance and market position are generally viewed positively. Key valuation metrics, such as the P/E ratio of 20.68 and dividend yield of 3.74%, suggest a stable investment profile.
What are the key factors to evaluate for GJNSF?
Evaluate GJNSF on fundamentals, analyst consensus, and risk factors. P/E: 20.68x vs the S&P 500's ~20-25x. Growth catalysts include expansion within the Baltic region and increased penetration of its pension products. Not financial advice.
How frequently does GJNSF data refresh on this page?
GJNSF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven GJNSF's recent stock price performance?
Gjensidige Forsikring ASA (GJNSF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition in the Nordic and Baltic regions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider GJNSF overvalued or undervalued right now?
Gjensidige Forsikring ASA (GJNSF) trades at 20.68x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of GJNSF?
Yes, most major brokerages offer fractional shares of Gjensidige Forsikring ASA (GJNSF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track GJNSF's earnings and financial reports?
Gjensidige Forsikring ASA (GJNSF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for GJNSF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
No publishable V2 score is available for this stock yet.
Data provided for informational purposes only.
- OTC data may be less reliable than exchange-listed data.