Q1 EPS NOK 2.68 vs ARCe/Cons 2.48/2.34. CR 85.1% vs 84.9%/84.2%
Low quality beat, underlying UW result a bit below while financials above
Including recent T1/T2 loans, Solvency margin up to 215% (199% in Q4)
We expect limited estimate changes and for the share to trade sideways
22 Apr 2021
Arctic FLASH: Gjensidige Forsikring - EPS beat in Q1, but low quality beat
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Arctic FLASH: Gjensidige Forsikring - EPS beat in Q1, but low quality beat
- Published:
22 Apr 2021 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
6 -
Q1 EPS NOK 2.68 vs ARCe/Cons 2.48/2.34. CR 85.1% vs 84.9%/84.2%
Low quality beat, underlying UW result a bit below while financials above
Including recent T1/T2 loans, Solvency margin up to 215% (199% in Q4)
We expect limited estimate changes and for the share to trade sideways