Large investment loss weighs on Tryg shares

Tryg A/S

26/04/2022 09:12

** Shares in Denmark's Tryg  TRYG.CO  slide 3% despite Q1
beat on underwriting result line
    ** The insurer posted Q1 technical result of DKK 754 mln,
about 5% above the company-compiled consensus  urn:newsml:reuters.com:*:nASM0008V5
    ** Credit Suisse says Tryg's Q1 results were clouded by
large RSA investment loss impacted by a negative mark-to-market
effect
   ** The broker points out, however, the investment loss from
RSA Scandinavia of DKK 599 mln is expected to be a one-off
   ** Tryg's share price is at its lowest in almost one month
    

 (Reporting by Marie Mannes)
 ((Marie.mannes@thomsonreuters.com))