Brief: Tryg Q2 Technical Result DKK 1.90 Bln, Above Estimates

Tryg A/S

12/07/2022 06:46

July 12 (Reuters) - Tryg A/S  TRYG.CO :
    * Q2 TECHNICAL RESULT DKK 1,902 MILLION (COMPANY COMPILED CONSENSUS DKK 1,843 MILLION)
    * Q2 COMBINED RATIO 79.7% (COMPANY COMPILED CONSENSUS 79.8%)
    * Q2 PROFIT BEFORE TAX DKK 508 MILLION (COMPANY COMPILED CONSENSUS DKK 515 MILLION)
    * QUARTERLY DIVIDEND OF DKK 1.56 PER SHARE
    * Q2 GROSS PREMIUM INCOME DKK 9,257 MILLION (COMPANY COMPILED CONSENSUS DKK 9,099 MILLION)
    * PLEASED TO SEE THAT WE CONTINUE TO DELIVER PROFITABLE GROWTH ACROSS ALL NORDIC MARKETS
    * PERFORMANCE IN Q2 OF YEAR IS SUPPORTED BY CONTINUED POSITIVE DEVELOPMENTS IN CORE
INSURANCE
BUSINESS SUPPORTED BY DELIVERY OF RSA SCANDINAVIA SYNERGIES
    * INFLATION HAS CONTINUED TO DEVELOPED ADVERSELY AND THEREFORE HAVE STARTED TARGETED PRICE
ADJUSTMENTS TO OFFSET THIS DEVELOPMENT
    * ANNUAL EXPECTATIONS FOR LARGE AND WEATHER CLAIMS FOR THE ENLARGED GROUP ARE DKK 800M (UP
FROM
DKK 550M FOR LARGE CLAIMS AND DKK 600M FOR WEATHER CLAIMS)
    * IS REPORTING A SOLVENCY RATIO OF 195 AS PER Q2, WHICH IS CONSIDERED VERY STRONG  IN LIGHT
OF
CAPITAL MARKETS DEVELOPMENTS IN Q1 AND Q2 2022

Source text for Eikon:  ID:nGNEbZ8FWs 
Further company coverage:  TRYG.CO 

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