Brief: Tryg Interim Report Q1-Q3 Report 2023

Tryg A/S

13/10/2023 06:41

Oct 13 (Reuters) - Tryg A/S  TRYG.CO :
    * INTERIM REPORT Q1-Q3 REPORT 2023
    * Q3 INSURANCE REVENUE GROWTH (PREMIUM GROWTH) OF 4.4%
(4.8%) IN
LOCAL CURRENCIES
    * WE PERFORM WELL AND HAVE A SOLID CORE INSURANCE BUSINESS,
IN
SPITE OF EXTERNAL GEOPOLITICAL AND MACROECONOMIC CHALLENGES AND
A QUARTER OF EXTRAORDINARY WEATHER EVENTS
    * TRYG’S RESERVES POSITION REMAINS STRONG
    * MOVEMENTS IN THE SOLVENCY RATIO DURING THE REMAINDER OF
2023
WILL PRIMARILY BE DRIVEN BY THE OPERATING EARNINGS OF THE
COMPANY AND BY THE PAYMENT OF THE QUARTERLY DIVIDENDS
    * OVERALL TAX RATE FOR FULL-YEAR 2023 IS EXPECTED TO BE
BETWEEN
24% AND 25%.
    * Q3 INSURANCE REVENUE DKK 9,349 MILLION
    * FURTHERMORE, FOLLOWING Q3 RESULTS, TRYG WILL LAUNCH A
SHARE
BUYBACK PROGRAMME OF DKK 1BN, REFLECTING A STRONG SOLVENCY
POSITION HELPED BY ROBUST ORGANIC CAPITAL GENERATION
    * HIGHEST LEVEL OF NET WEATHER CLAIMS IN A SINGLE QUARTER
FOR LAST
15 YEARS
    * STORM HANS CAUSED HAVOC, ESPECIALLY IN NORWAY, AND TOTAL
CLAIMS
OF APPROX. DKK 300M ACROSS SCANDINAVIA
    * PLEASED TO ANNOUNCE A QUARTERLY DIVIDEND PER SHARE OF
1.85, AN
INCREASE OF 17% FROM Q3 2022

Source text for Eikon:  ID:nGNEbJxFY1 
Further company coverage:  TRYG.CO 

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