Tryg falls after Q4 profit miss

Tryg A/S

23/01/2025 08:24

** Shares in Danish insurance company Tryg  TRYG.CO  drop
around 6% after its Q4 pre-tax profit missed expectations
    ** Q4 pre-tax profit came in at DKK 1,033 million, 10% below
company-compiled consensus
    ** Jefferies analysts flag that underlying claims ratio only
improved by -20bps in Q4 year-on-year, which is half the -40bps
expected
        ** While they describe the results as "disappointing,"
they say they see them as immaterial given that most of the miss
relates to factors specific to Q4
  
    ** If losses hold, Tryg shares will see their worst day
since July 2023

($1 = 7.1773 Danish crowns)

 (Reporting by Agnieszka Olenska)
 ((Agnieszka.Olenska@thomsonreuters.com;))