Gjensidige Forsikring ASA (GJF) - Net Assets

Latest as of December 2025: Nkr28.31 Billion NOK ≈ $2.98 Billion USD

Based on the latest financial reports, Gjensidige Forsikring ASA (GJF) has net assets worth Nkr28.31 Billion NOK (≈ $2.98 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr191.90 Billion ≈ $20.19 Billion USD) and total liabilities (Nkr163.59 Billion ≈ $17.21 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gjensidige Forsikring ASA liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr28.31 Billion
% of Total Assets	14.75%
Annual Growth Rate	5.55%
5-Year Change	12.32%
10-Year Change	26.8%
Growth Volatility	12.14

Gjensidige Forsikring ASA - Net Assets Trend (2004–2025)

This chart illustrates how Gjensidige Forsikring ASA's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Gjensidige Forsikring ASA for the complete picture of this company's asset base.

Annual Net Assets for Gjensidige Forsikring ASA (2004–2025)

The table below shows the annual net assets of Gjensidige Forsikring ASA from 2004 to 2025. For live valuation and market cap data, see GJF market cap overview.

Year	Net Assets	Change
2025-12-31	Nkr28.31 Billion ≈ $2.98 Billion	+8.82%
2024-12-31	Nkr26.02 Billion ≈ $2.74 Billion	+7.35%
2023-12-31	Nkr24.23 Billion ≈ $2.55 Billion	-6.33%
2022-12-31	Nkr25.87 Billion ≈ $2.72 Billion	+2.65%
2021-12-31	Nkr25.21 Billion ≈ $2.65 Billion	-0.31%
2020-12-31	Nkr25.28 Billion ≈ $2.66 Billion	-3.47%
2019-12-31	Nkr26.19 Billion ≈ $2.76 Billion	+9.84%
2018-12-31	Nkr23.85 Billion ≈ $2.51 Billion	+0.60%
2017-12-31	Nkr23.70 Billion ≈ $2.49 Billion	+6.17%
2016-12-31	Nkr22.33 Billion ≈ $2.35 Billion	-4.31%
2015-12-31	Nkr23.33 Billion ≈ $2.46 Billion	+7.73%
2014-12-31	Nkr21.66 Billion ≈ $2.28 Billion	-17.62%
2013-12-31	Nkr26.29 Billion ≈ $2.77 Billion	+2.62%
2012-12-31	Nkr25.62 Billion ≈ $2.70 Billion	+10.29%
2011-12-31	Nkr23.23 Billion ≈ $2.44 Billion	+0.39%
2010-12-31	Nkr23.14 Billion ≈ $2.43 Billion	+5.32%
2009-12-31	Nkr21.97 Billion ≈ $2.31 Billion	+10.84%
2008-12-31	Nkr19.82 Billion ≈ $2.09 Billion	-2.38%
2007-12-31	Nkr20.30 Billion ≈ $2.14 Billion	+31.49%
2006-12-31	Nkr15.44 Billion ≈ $1.62 Billion	+23.65%
2005-12-31	Nkr12.49 Billion ≈ $1.31 Billion	+37.08%
2004-12-31	Nkr9.11 Billion ≈ $958.55 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gjensidige Forsikring ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	Nkr28.31 Billion	100.00%
Total Equity	Nkr28.31 Billion	100.00%

Gjensidige Forsikring ASA Competitors by Market Cap

The table below lists competitors of Gjensidige Forsikring ASA ranked by their market capitalization.

Company	Market Cap
Reinsurance Group of America NYSE:RGA	$13.66 Billion
LTIMindtree Limited NSE:LTM	$13.69 Billion
HDFC Life Insurance Company Limited NSE:HDFCLIFE	$13.69 Billion
Union Bank of India NSE:UNIONBANK	$13.70 Billion
CVC Capital Partners PLC AS:CVC	$13.65 Billion
Ecopro BM. Co. Ltd KQ:247540	$13.64 Billion
Lynas Rare EARTHS Ltd AU:LYC	$13.63 Billion
EIFFAGE S.A.ADR 1/5/EO 4 F:EF30	$13.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gjensidige Forsikring ASA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 26,007,400,000 to 28,307,200,000, a change of 2,299,800,000 (8.8%).
Net income of 6,556,200,000 contributed positively to equity growth.
Dividend payments of 4,999,700,000 reduced retained earnings.
Other factors increased equity by 743,300,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr6.56 Billion	+23.16%
Dividends Paid	Nkr5.00 Billion	-17.66%
Other Changes	Nkr743.30 Million	+2.63%
Total Change	Nkr-	8.84%

Book Value vs Market Value Analysis

This analysis compares Gjensidige Forsikring ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.58x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 14.25x to 4.58x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	Nkr18.22	Nkr259.60	x
2005-12-31	Nkr24.97	Nkr259.60	x
2006-12-31	Nkr30.88	Nkr259.60	x
2007-12-31	Nkr65.76	Nkr259.60	x
2008-12-31	Nkr49.49	Nkr259.60	x
2009-12-31	Nkr43.94	Nkr259.60	x
2010-12-31	Nkr46.28	Nkr259.60	x
2011-12-31	Nkr46.46	Nkr259.60	x
2012-12-31	Nkr51.23	Nkr259.60	x
2013-12-31	Nkr52.57	Nkr259.60	x
2014-12-31	Nkr43.31	Nkr259.60	x
2015-12-31	Nkr46.61	Nkr259.60	x
2016-12-31	Nkr44.60	Nkr259.60	x
2017-12-31	Nkr47.36	Nkr259.60	x
2018-12-31	Nkr47.68	Nkr259.60	x
2019-12-31	Nkr52.37	Nkr259.60	x
2020-12-31	Nkr50.56	Nkr259.60	x
2021-12-31	Nkr50.40	Nkr259.60	x
2022-12-31	Nkr51.74	Nkr259.60	x
2023-12-31	Nkr48.44	Nkr259.60	x
2024-12-31	Nkr52.02	Nkr259.60	x
2025-12-31	Nkr56.62	Nkr259.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gjensidige Forsikring ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 23.16%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.67%
• Asset Turnover: 0.23x
• Equity Multiplier: 6.78x
Recent ROE (23.16%) is above the historical average (17.51%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	18.83%	11.45%	0.46x	3.58x	Nkr803.98 Million
2005	27.21%	19.61%	0.42x	3.31x	Nkr2.15 Billion
2006	21.14%	17.76%	0.40x	3.00x	Nkr1.72 Billion
2007	12.21%	11.53%	0.37x	2.86x	Nkr448.75 Million
2008	2.45%	1.90%	0.39x	3.31x	Nkr-1.50 Billion
2009	10.49%	11.84%	0.26x	3.41x	Nkr107.98 Million
2010	12.75%	13.70%	0.26x	3.64x	Nkr636.62 Million
2011	11.83%	12.63%	0.25x	3.81x	Nkr425.04 Million
2012	16.71%	19.34%	0.23x	3.68x	Nkr1.72 Billion
2013	13.96%	15.80%	0.21x	4.14x	Nkr1.04 Billion
2014	19.35%	16.51%	0.22x	5.26x	Nkr2.02 Billion
2015	16.26%	14.81%	0.20x	5.55x	Nkr1.46 Billion
2016	20.94%	16.98%	0.20x	6.09x	Nkr2.44 Billion
2017	19.10%	15.71%	0.19x	6.29x	Nkr2.15 Billion
2018	15.59%	13.87%	0.17x	6.57x	Nkr1.33 Billion
2019	25.17%	22.54%	0.26x	4.29x	Nkr3.97 Billion
2020	19.59%	16.95%	0.25x	4.68x	Nkr2.43 Billion
2021	28.33%	22.38%	0.25x	5.15x	Nkr4.62 Billion
2022	13.29%	10.49%	0.24x	5.22x	Nkr850.53 Million
2023	17.06%	10.38%	0.27x	6.12x	Nkr1.71 Billion
2024	19.77%	12.74%	0.24x	6.59x	Nkr2.54 Billion
2025	23.16%	14.67%	0.23x	6.78x	Nkr3.73 Billion

Industry Comparison

This section compares Gjensidige Forsikring ASA's net assets metrics with peer companies in the Insurance - Property & Casualty industry.

No peer company data available for comparison.

About Gjensidige Forsikring ASA

OL:GJF Norway Insurance - Property & Casualty

Market Cap

$13.66 Billion

Nkr129.79 Billion NOK

Market Cap Rank

#1737 Global

#8 in Norway

Share Price

Nkr259.60

Change (1 day)

-0.46%

52-Week Range

Nkr241.80 - Nkr302.00

All Time High

Nkr302.00