'Undramatic' Q2 earnings lift Tryg shares

Tryg A/S

12/07/2022 08:24

** Shares of Danish insurer Tryg  TRYG.CO  climb 3% after
publication of Q2 earnings, topping Copenhagen blue chip index
 .OMXC20 
    ** Nordnet analyst Per Hansen says the group's quarterly
report was "undramatic" and in line with expectations, even a
tad higher 
    ** Tryg posted technical result of DKK 1.90 billion 
($256.15 million), 3% above estimates, and kept its guidance
unchanged  urn:newsml:reuters.com:*:nL8N2YT0R9
    ** Hansen notes that contrary to other companies, rising
interest rates will have a positive effect on the Danish insurer
    ** According to the analyst, Tryg stock price is high but
for good reason -- "In the coming quarters the share will be
supported by the buyback programme and by ongoing synergies that
will accelerate by the end of 2022 and into 2023"  


($1 = 7.4175 Danish crowns)

 (Reporting by Jacob Rasmussen)
 ((jacob.rasmussen@thomsonreuters.com))