Gjensidige Pensjonsforsikring (GPF) shall contribute to the sale of a wide range of products to general insurance customers in Norway, and it offers pension products mainly to the Norwegian commercial market. The products are distributed directly by Gjensidige and via selected partners. Gjensidige is the fourth biggest provider in the market for private collective defined contribution pensions with individual investment options.


GPF offers defined contribution occupational pension schemes for businesses, in addition to individual pension savings agreements and disability pension. Focus was given to the further development of solutions adapted to customer needs in 2017, which contributed to strong portfolio growth.


Pension is a priority area that helps to ensure that Gjensidige can be a complete supplier of insurance and pension products to private and commercial customers. The business contributes to stronger customer relations and loyalty among our general insurance customers.

The market for defined contributions pensions is growing and Gjensidige is well-positioned to participate in it. The positive growth rate is expected to continue.

Key figures Pension

NOK million 20172016  2015
Net insurance revenue74.0 88.4 155.9
Net operating income 29.726.453.4 
Profit/(loss) before tax expense 103.7114.8 84.2 


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Sources market shares:

Source: Finance Norway, 3rd quarter 2017, Assets under management

* Unit linked