Nordic insurers fall on adverse Danish workplace injury ruling

Tryg A/S

28/04/2026 13:36

Adds comments from Nordnet economist, ALM. Brand

** Nordic insurers Tryg TRYG.CO, Sampo SAMPO.HE and ALM. Brand ALMB.CO turn lower after financial news outlet Boersen reports that Denmark's Supreme Court has ruled in a workplace injury case with potentially major implications for the industry

** Nordnet economist Per Hansen says the ruling fuels uncertainty over potential compensation liabilities, prompting investors to sell insurance stocks

** He adds insurers may absorb costs in the short term, but higher premiums are likely over time

** Tryg expects a one-off pretax hit of DKK 1.2 billion ($187.83 million) from the ruling, but says shareholder payouts and its 2027 targets are unaffected

** ALM. Brand ALMB.CO says it will book a one-off charge of DKK 0.7 billion in Q2 to strengthen reserves following the ruling, and cuts its 2026 insurance service result guidance

** Sampo says it is in a silent period and will comment when it reports results on May 6

 ** Tryg, Sampo and ALM. Brand shares down as much as 5.7%, 3.4% and 8.5%, respectively, before paring some losses

($1 = 6.3887 Danish crowns)

 (Reporting by Samuel Indyk, Danilo Masoni, Agnieszka Gościak-Rąbalska, Vera Dvorakova)