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Gjensidige (branch)

Gjensidige groupLatviagjensidige.lv ↗Gjensidige until FY 2025 · ERGO since January 2026#8 of 17 in Latvia, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
Latvijas Banka quarterly reports by insurer, with lines, solvency and profit; claims ratios from each Latvian insurer's SFCR
Latest figures
FY 2025, H1 2026
Next update
Jan–Sep 2026, around December 2026

Sources for LatviaWhat changed

Compare with nearest rivals →Compare →
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Premium
€50m
5.9% of Latvia
Growth
−1.7%
FY 2025 vs 2024, in EUR · market +4.1%
Life share
0%
of own premium
Capital cover
—
Branch: reported by the parent company
Claims and costs
—
Branch: reported by the parent company
In shortNumber 8 of 17 in Latvia with 5.9% of premium; its premium fell 1.7% while the market grew 4.1%. Strongest in Motor TPL, with 9.6% of the line. It paid €34m in claims, €67 for every €100 of its premium.

In the news3 Nov 2026: ERGO completes legal merger with Gjensidige across the Baltics on 1 November All news for Latvia

Latest resultsH1 2026, year to date: €18m of premium, −29.8% on H1 2025 (market +7.7%); share 3.8% (−2.0 pp), #10 of 17. More

Latest event29 Jun 2026: Estonia's supervisor approved the cross-border merger of ADB Gjensidige into ERGO Insurance SE, which takes over its Latvian branch business. More

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Gjensidige (branch)'s line mix, and where it stands among the 17 insurers in Latvia on each measure, FY 2025.

Line mix
Health36%
Motor TPL23%
Property22%
Casco14%
Liability2%
Other non-life2%
Credit & surety1%
Size#8 of 17 by premium
€50m
larger than 56%median €47m
GrowthFY 2025 against 2024, in EUR
−1.7%
ahead of 27%median +2.6%
Claims and costs
— no non-life business
Capital cover
— a branch: no solvency ratio of its own
Return on equity
— no profit or equity figures

Each bar runs from the weakest to the strongest of the insurers in Latvia with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.

Premium and market share

Market share against the nearest rivals

By year

Insurer20212022202320242025
If P&C Insurance AS (branch)5.8%7.1%7.2%7.2%6.7%
Swedbank P&C (branch)4.3%4.8%5.5%5.9%6.1%
Gjensidige (branch)7.2%6.7%6.6%6.2%5.9%
ERGO Insurance (branch)5.9%5.5%6.0%5.8%5.5%
Balcia Insurance0.0%1.0%3.4%3.8%3.8%

Lines and claims

Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.

All figures

Solvency

DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers

Capital at year end

Capital cover

    Also in the Gjensidige group

    3 companies in 3 markets · €153m premium, latest year

    All 3 on the Gjensidige page →
    Lithuania1 company€92m
    Gjensidige€92m
    Estonia1 company€11m
    Gjensidige (branch)€11m

    Company details

    Branch of
    Akcine draudimo bendrove "Gjensidige"
    Head office
    Vilnius, Lithuania
    Website
    gjensidige.lv
    LEI of the head office
    259400YE6518PP6M4W52
    Employees
    140 (Q3 2026)
    Premium per employee
    €356k (FY 2025; median for non-life insurers in Latvia: €231k; all insurers)

    Legal name, seat and LEI from the Global LEI Index (GLEIF); website from the company's own reports or the supervisor's register, checked 20 Oct 2026.

    Questions about Gjensidige (branch)

    Short answers from the figures on this page.

    What is the market share of Gjensidige (branch) in Latvia?

    Gjensidige (branch) wrote €49.9m of premium in FY 2025, 5.9% of all premium in Latvia, ranking #8 of 17 insurers; its premium fell 1.7% on FY 2024.

    Who owns Gjensidige (branch)?

    Gjensidige (branch) is part of the Gjensidige group, which has 3 companies in 3 of the 18 markets on Polisa (FY 2025).

    What does Gjensidige (branch) sell?

    Gjensidige (branch) is a non-life insurer; its largest lines in FY 2025 are health (35.6% of its premium), motor TPL (22.9%) and property (21.8%).

    Is Gjensidige (branch) growing?

    The premium of Gjensidige (branch) fell 1.7% in FY 2025 while the market in Latvia grew 4.1%.

    Sources for this page

    Premium, lines, claims paid, solvency (Solvency II own funds and SCR) and profit: Latvijas Banka, public quarterly reports by insurer (Publiskie ceturkšņa pārskati apdrošinātāju dalījumā). Earned premium, claims incurred and expenses (S.05.01): each domestic insurer's SFCR, FY 2021–2025, scaled to its Latvian business with the per-country template. How these numbers are built.

    Spotted a wrong figure? Tell us and include the source.

    CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse

    Polisa compiles the figures; the original sources are named on this page and on the method page.

    APA

    Polisa. (2026). Gjensidige (branch) (Latvia): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/lv-gjensidige-branch

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_lv_gjensidige_branch_2026,
  author       = {{Polisa}},
  title        = {Gjensidige (branch) (Latvia): premium, market share, lines, solvency and claims},
  year         = {2026},
  version      = {2026-11-11.13378f},
  howpublished = {\url{https://polisapro.com/insurers/lv-gjensidige-branch}},
  note         = {Accessed 11 November 2026}
}

    Reuse: Polisa's compilation CC BY 4.0 · source data: Latvijas Banka (free with credit, undistorted), State Revenue Service (CC0), insurers' SFCRs (public disclosures, linked).