S&P Affirms Gjensidige's A Rating, Outlook Stable
S&P Global Ratings has affirmed Gjensidige Forsikring ASA's credit rating at A, maintaining a stable outlook. The agency also affirmed the BBB+ rating on the company's Tier 2 debt and the BBB rating on its restricted Tier 1 subordinated debt.
S&P Global Ratings has affirmed Gjensidige Forsikring ASA's long-term credit rating at A, keeping the outlook stable. The affirmation reflects Gjensidige's solid financial standing and its position within the Nordic insurance market.
The credit rating agency also confirmed the BBB+ rating for Gjensidige's Tier 2 debt instruments and the BBB rating for its restricted Tier 1 subordinated debt. These ratings assess the debt instruments' position within the company's capital structure and their loss-absorbing capacity.
Gjensidige is a Nordic insurance group listed on the Oslo Stock Exchange. The company offers insurance products in Norway, Denmark, and Sweden. In 2025, the Group's operating income was NOK 43 billion and total assets stood at NOK 192 billion. Gjensidige employs approximately 4,160 people.