The Fire in Krokstadelva Cost Gjensidige 100 Million Kroner
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7 Articles
The insurance giant Gjensidige suffered a cost of around 100 million kroner as a result of the fire in Krokstadelva.
Norwegian insurance company Gjensidige Forsikring reported a profit from non-life insurance operations of NOK 3,004 million in the third quarter of 2026, compared to NOK 2,271 million in the corresponding period last year.
The major fire in Krokstadelva, where over 100 homes were lost, is costing insurance giant Gjensidige around NOK 100 million.
A mild summer and a year of price increases have led Denmark's fourth-largest insurance company, Gjensidige, to break an earnings record. This is evident from the Norwegian insurance company's recently published accounts for the third quarter of 2026.
The insurance giant can point to another quarter of rock-solid profitability thanks to price increases and "favorable market conditions." In the third quarter, a cost of NOK 100 million was booked following the fire in Krokstadelva.
Gjensidige will present its third-quarter results on Friday morning.
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