Business Overview & Strategy - Gjensidige's insurance revenue includes 33% from property, 29% from motor, 21% from accident and health, 4% from liability, 4% from travel, and 9% from other categories[5] - The company aims to consistently enhance customer experience and loyalty through value-adding services, increased interaction frequency, and deeper customer insight[9, 10] - Gjensidige is focusing on key moments across the entire housing journey to tap into the potential of home insurance customers[35] Financial Performance & Targets - Gjensidige's ongoing pricing measures in Norway have resulted in a +14.5% increase in average premium in force for private property insurance as of Q2 2025[13, 17] - The company is targeting a combined ratio of less than 84% in 2025 and less than 82% in 2026[19] - Gjensidige aims for a return on equity greater than 22% in 2025 and greater than 24% in 2026[19] Market Opportunities - The total market revenue from private property insurance is approximately NOK 69 billion in Norway, DKK 64 billion in Denmark, and SEK 60 billion in Sweden[27] - Home seller insurance in Norway amounted to approximately NOK 2 billion in 2024 and is expected to grow to approximately NOK 2.5 billion over time[40] - Change of ownership insurance in Denmark amounted to approximately DKK 0.8 billion in 2024 and is expected to remain stable[40] Climate Risk & Adaptation - Weather-related events (water, fire, wind) cause more than 85% of property damage[78, 89] - The company is adapting to climate change through advanced risk modeling, ensuring the right price level and differentiation through high-precision models[88, 89] - Gjensidige is supporting customers in managing climate risks through AI-driven guidance and tailored solutions[87, 96]

Capturing opportunities in property insurance Sell-side Analyst Meeting in Oslo, 27 August 2025 Disclaimer 2 Introduction Geir Holmgren, CEO Analyst Day 2025 Introduction Today's topic: Private property insurance A significant product with an attractive potential Property 33 % Motor 29 % Accident and health 21 % Liability 4 % Travel 4 % Other 9 % Property Private Property, Commercial + Sweden This presentation contains alternative performance measures (APMs). APMs are described on www.gjensidige.com/investo ...