GJNSF - Gjensidige Forsikring's Q2 2019 Earnings Review
Note for the readers: Gjensidige Forsikring (OTC:GJNSF) (OTCPK:GJNSY) is primarily traded on the Oslo Stock Exchange under the ticker GJF:NO. I will be referring to the Norwegian symbol for the article and using Norwegian reporting. Amounts are in NOK unless mentioned otherwise, 1 Norwegian Krone = 11.71¢ as of July, 11, 2019.
Executive Summary
Gjensidige’s 2019 half-year results were characterized by more favorable weather conditions in Norway plus strong financial markets, resulting in a significant improvement vs. the same period last year (+30% in stock price). Benefiting from strong results in