Supreme Court ruling in Denmark on workers' compensation

28 Apr 2026 15:35 CEST

Reference is made to the ruling by the Danish Supreme Court announced today,
concerning a reduction in the compensation threshold under the workers'
compensation scheme.

The potential financial impact on insurers is currently uncertain and dependent
on the interpretation of the ruling by the Danish occupational injuries
authority (Arbejdsmarkedets Erhvervssikring, AES), as well as the final
allocation of costs between the insurance industry and the Danish government.

Gjensidige will undertake a thorough review of the ruling and carry out the
necessary evaluations before presenting a reliable estimate of the financial
impact. Based on initial assessments, the verdict is estimated to result in
claims costs of approximately DKK 500-800 million for Gjensidige; however, this
range remains very uncertain. Gjensidige's reserves will absorb such risks to a
certain extent. Gjensidige will evaluate all relevant information and recognise
the accounting effects in the second quarter of 2026.

Gjensidige does not expect the regular dividend for the accounting year 2026 to
be impacted by the above.

Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Media Relations Officer: Bjarne Aani Rysstad, Tel: + 47 918 19 434

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