Gjensidige Forsikring ASA Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Hskon Astrup - DNB Markets, Research Division - Analyst : Two questions from me; and the first one, a high-level one around strategy around mobility. So in order to build an ecosystem around the car mobility that you are pleased with, in your view, do you need to complement your current offering with, yes, additional acquisitions? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 26, 2022 / 8:00AM, GJFG.OL - Q4 2021 Gjensidige Forsikring ASA Earnings Call

Question: Hskon Astrup - DNB Markets, Research Division - Analyst : Okay, I see. And then on the claims inflation side, you said that you are expecting somewhat higher claims inflation in the property segment. And in your view there, are you ahead of the curve with these price increases? Or is there risk that we can see some short-term mismatches where claims inflation takes effect before the price increases come into force?

Question: Hskon Astrup - DNB Markets, Research Division - Analyst : That's very clear. And just a last quick one from me, any particular reason why the Board did not propose an extraordinary dividend for 2021?

Question: Thomas Svendsen - SEB, Research Division - Analyst : Yes. Moving over to M&A again, could you sort of indicate sort of the [pipeline of acquisition you look at] or at least sort of indicate if you're looking at a lot of possible acquisitions or a few when thinking about the next couple of years? And the second question, Sweden: Can you just repeat again why you are so convinced [in your sort of peaks of Swedish program] given the sort of different market dynamics there?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : I have a question to the premium development in Private Norway. It seems to be coming down slightly in Q4. Is this just fluctuations, or is there something happening with the market dynamics or any other elements here?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Great. And just continuing on that comment, Helge. With the 1st January [renewals all being done], what could be expected of the growth in -- or to put it another way: What kind of price increases do you get to with your 1st January renewals on the corporate side?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Yes. Well, I'm just curious if the growth we see now in Q4 is a good starting point for growth also going into next year, [I guess]. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 26, 2022 / 8:00AM, GJFG.OL - Q4 2021 Gjensidige Forsikring ASA Earnings Call

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Okay. And can we see any volumes from the new home seller insurance on the Private side already also in 2022? And then -- and so in that case, in which quarter should we start to expect volumes?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Okay. And then just finally, on pensions here. And margins on the administrative side seems to be coming down in Q4. Is this just temporary or fluctuation effects, or is this [final or] increased competition or something else?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Sorry. On the Pension and Savings side, if you look at the margins here on the administrative side. So there it seems to be coming down in Q4, so my question is really if this is a new level [or it's harder] competition and -- or if this is just fluctuations or any other effects that temporary impact the Q4 numbers.