Gjensidigestiftelsen

The Gjensidigestiftelsen is the largest foundation in Norway, and combines two important roles. It is a significant financial player and the principal shareholder of Gjensidige Forsikring ASA, and it is an important contributor to various socially beneficial causes, with the focus on health and safety.
In June 2010 Gjensidige Forsikring became a public limited company (ASA). At the same time, the Gjensidige Foundation was converted from an ordinary foundation to a financial foundation. Up until the end of 2010 the Gjensidige Foundation owned all the shares in Gjensidige. In connection with Gjensidige’s stock market flotation on 10 December 2010, the Foundation sold some of its shares, and Gjensidige gained approximately 47,000 new shareholders. At present, the Foundation owns a little over 62 per cent of Gjensidige’s shares.