Tryg slides after mixed bag of results

Tryg A/S

25/01/2022 08:32

(Updates share move, adds analyst comment)
    ** Shares in Danish insurer Tryg  TRYG.CO  are down 2% after
initially being expected to rise between 2% to 3% on the
company's Q4 figures  urn:newsml:reuters.com:*:nASN0022E3
    ** The company's profit before tax of DKK 1.60 bln ($243.01
mln) came in about 25% above a company-compiled consensus,
whereas gross premium income landed in line and technical result
below market expectations
    ** Credit Suisse highlights that combined ratio of 86.2% for
the quarter was worse than consensus of 85.9% 
    ** The broker also points out underlying claims ratio flat
improvement at 80bps for the group is 20bps ahead of consensus
but in line with historics and there was no improvement in
private segment
    ** The stock is at its lowest level in three months

($1 = 6.5842 Danish crowns)

 (Reporting by Izabela Niemiec)
 ((izabela.niemiec@thomsonreuters.com))