Denmark insurer Tryg's Q1 pretax profit falls on low investment result

Tryg A/S

15/04/2026 06:41

Overview

Denmark insurer's Q1 insurance revenue grew 3.5% in local currencies

Q1 insurance service result rose, but pretax profit declined yr/yr

Investment result dropped sharply amid volatile markets

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

CLAIMS RATIO IMPROVEMENT - Co said underlying claims ratio improved 40 basis points, with solid trends in Norway supporting insurance service result

PREMIUM GROWTH - Insurance revenue grew 3.5% in local currencies, though slightly below the prior year's 3.7%

LOW INVESTMENT RESULT - Investment result fell to DKK 2m from DKK 320m, reflecting volatile markets

Company press release: ID:nGNE1Ff096

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Combined Ratio
84.00%
Q1 Pretax Profit
DKK 1.28 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Tryg A/S is DKK171.00, about 10% above its April 14 closing price of DKK155.50

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)