Mitra Negård
Head of Investor Relations

Good morning, and welcome to the first quarter presentation for Gjensidige. My name is Mitra Negård and I'm Head of Investor Relations. We will start this session with our CEO, Geir Holmgren, who will give you the highlights of the quarter, followed by our CFO, Jostein Amdal, who will run through the numbers in further detail. And we have plenty of time for a Q&A after that. Geir, please.

Geir Holmgren
Chief Executive Officer

Thank you, Mitra, and good morning, everyone. I will start with the Danish Supreme Court ruling on the workers compensation scheme announced yesterday, reducing the compensation threshold. This ruling marks a significant change in the Danish authorities practice regarding workers' compensation. The Danish Insurance Association expected the Danish government to assume full responsibility for the industry's losses. At this stage, the financial impact remains highly uncertain.

Based on our initial assessment, we estimate that ruling could result in additional claims cost in the range of around DKK 500 million to DKK 800 million for Gjensidige. It is key to point out that our reserves will, to a certain extent, absorb such risks. As announced yesterday, we will undertake a thorough review of the ruling and carry out the necessary analysis before providing a reliable estimate of the financial impact. Any related accounting effects will be recognized in the second