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Gjensidige Forsikring ASA is a Norway insurance company. The company traces its roots back to 1816 when a fire Mutual insurance was founded as Land Gjensidige Brandkasse in what is today Innlandet county. Gjensidige Demutualization and listed on the Oslo Stock Exchange in December 2010. The firm, headquarters in Oslo, has a market share of some 26% (2021) in the Norwegian insurance market. The company has 36 branch offices in Norway, not including affiliated fire mutuals, and 1 million customers. Gjensidige has subsidiaries in Denmark, Sweden and The Baltics.
The company offers all kinds of insurance for retail customers, agriculture and business. It also offers pensions and savings products.
In 1992 Gjensidige acquired Forenede Forsikring and in 1993 Gjensidige Bank was created with services. In 1999 Gjensidige and the savings bank Sparebanken NOR created the Gjensidige NOR. The Group was a strategic alliance between mutually owned companies. When Gjensidige NOR merged with Den norske Bank in 2003 to form DnB NOR, Gjensidige Forsikring remained an independent company.
In 2007 Gjensidige acquired shares in Storebrand, and for some time held the position as the number one shareholder with 24.33% of the stock. The entire shareholding was sold in 2014.
In 2010 Gjensidige demutualised and was listed on the Oslo Stock Exchange. The Gjensidige Foundation is the largest owner with some 62 percent of the shares.
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