Tryg falls as Danish competition watchdog mulls probe into insurers

Tryg A/S

02/04/2025 09:48

** Shares in Tryg TRYG.CO fall around 4% after the Danish Competition Council said on Tuesday it was considering launching a "market investigation" into non-life insurance companies

** "Investors gravitate to Nordic insurers as safe-haven plays, and uncertainty undermines this," Citi says, downgrading Tryg to "neutral" from "buy"

** Tryg appears to be the most exposed to this situation, as 47% of its revenues and 65% of its premiums in private lines originate from Denmark, the broker says

** The possible investigation into retail P&C pricing tactics could span years, implying no immediate economic impact but potentially significant long-term effects, Citi says

** There is a risk these concerns could also spread to other Nordic markets, which suggests regulators may be looking into excessive margins in insurance, the broker adds

 (Reporting by Agnieszka Olenska)

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