Brief: Tryg Q1 Gross Premium Income DKK 6.28 Bln, Above Estimates

Tryg A/S

26/04/2022 06:45

April 26 (Reuters) - Tryg A/S  TRYG.CO :
    * Q1 TECHNICAL RESULT DKK 754 MILLION (COMPANY COMPILED CONSENSUS DKK 720 MILLION)
    * QUARTERLY DIVIDEND OF DKK 1,015M OR DKK 1.55 PER SHARE
    * Q1 COMBINED RATIO 88.0% (COMPANY COMPILED CONSENSUS 88.3%)
    * DIVIDEND PER SHARE OF DKK 1.55, UP SOME 45% COMPARED TO PRIOR YEAR PERIOD
    * Q1 PROFIT BEFORE TAX DKK 204 MILLION (COMPANY COMPILED CONSENSUS DKK 634 MILLION)
    * DIVIDEND MAINLY DRIVEN BY HIGHER INSURANCE EARNINGS IN 2022, FULL CONSOLIDATION OF
TRYGG-HANSA
AND CODAN NORWAY, EXPECTED DKK 350M IN SYNERGIES IN 2022 RELATED TO RSA SCANDINAVIA ACQUISITION
    * SOLVENCY RATIO IS EXPECTED TO REMAIN BETWEEN 195 AND 205 AS PER H1 2022
    * Q1 GROSS PREMIUM INCOME DKK 6,276 MILLION (COMPANY COMPILED CONSENSUS DKK 6,179 MILLION)

Source text for Eikon:  ID:nGNE12vQ6v 
Further company coverage:  TRYG.CO 

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