Our estimates come slightly down due to lower financial returns, but we have lifted Q3 as we expect another strong quarter based on benign frequency trends and robust financial results. We model a Q3 EPS of NOK 2.75. After distributing the 2019 dividend GJF remains well capitalized, but with 2023 soon coming into focus we worry that we’ll see some estimate headwinds as the current run-off guidance only applies through 2022.
12 Oct 2020
Strong Q3 ahead, but what about 2023?
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Strong Q3 ahead, but what about 2023?
Our estimates come slightly down due to lower financial returns, but we have lifted Q3 as we expect another strong quarter based on benign frequency trends and robust financial results. We model a Q3 EPS of NOK 2.75. After distributing the 2019 dividend GJF remains well capitalized, but with 2023 soon coming into focus we worry that we’ll see some estimate headwinds as the current run-off guidance only applies through 2022.