Q4 is set to be a fairly clean quarter for GJF, with minor weather-related claims while repricing effects should continue to feed through at a high pace. We only make minor estimate adjustments in this update, and keep our FY25-FY26 UW result unchanged while we reduce our Q4 EPS to NOK 2.2 (2.4) due to a lower investment result. It’s a positive readacross to GJF that Fremtind (current market leader in private segment) recently provided financial targets where it aims to achieve a ’25 CR ratio of ....