Gjensidige Forsikring ASA (OB:GJF) will look for acquisitions. Jostein Amdal, Chief Financial Officer said, “We will continue to seek inorganic growth opportunities, industry bolt-ons, which are more probable for the time being or to large M&A deals when the right opportunities arise. We want businesses that fit into our target segments, private, SME and Commercial.

We will normally integrate them in our existing organization and systems, and we must aim to turn around the businesses in 2 to 3 years. Financially, we look for acquisitions that deliver a substantial positive net present value above our cost of capital of 6% after tax and add to our long-term dividend capacity”.