Gjensidige Forsikring Asa Q4 2021 Earnings Call Q&A Session for Sell-side Analysts 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, high level one around the strategy around mobility. So in order to build an ecosystem around the car mobility that you are pleased with in your views, you need to complement your current offering with the 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 / 10:00AM, GJFG.OL - Q4 2021 Gjensidige Forsikring Asa Earnings Call Q&A Session for Sell-side Analysts

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

Question: Hskon Astrup - DNB Markets, Research Division - Analyst : That was very clear. And just a last quick one for me. Any particular reason why the Board did not propose some extraordinary dividend for 2022?

Question: Thomas Svendsen - SEB, Research Division - Analyst : Yes, good morning. Moving over to M&A again. Could you sort of indicate the pipeline or any acquisitions you look at or at least sort of indicate, if you're looking at a lot of possible acquisitions or a few thinking about the next couple of years? And the second question, Sweden. Could you just repeat again why you're so convinced it was sort of (inaudible) a serious problem in given 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 there?

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Great. And just continuing on that comment with the first genreal renewals (inaudible). What should we expect as the growth in or just to put it in another way what kind of price increases did you get to with your first general renewal on the corporate side.

Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst : Yes. I'm just curious, is the growth we see now in Q4 is a good starting point for growth also going into next year, yes?

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 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 Pension here. Margins on the administrative side seems to be coming down in Q4, is this just temporary or fluctuation effects? Or is this a 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 on the administrative side, so there seems to be coming down in Q4. So my question is really, if this is a new level or (inaudible) competition? Or if this is just fluctuations or any other effects that's a temporary impact to Q4 numbers?