DGAP-UK-Regulatory: Tryg A/S - Large claim without significant accounting effect

DGAP-UK-Regulatory: Tryg A/S - Large claim without significant accounting effect

Tryg A/S  / Miscellaneous

26.08.2013 15:38

Dissemination of a UK Regulatory Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Based on a new assessment of its engagement with the company Pihl & Soen A/S
within the business area of guarantee insurance Tryg Forsikring A/S has decided
to make further provisions for this engagements to the extent of DKK 0.7 bn
hereafter. Net of reinsurance, the total accounting effect for this claim is
limited to DKK 30m. 

Guarantee insurance in Tryg is covered by the subsidiary company, Tryg Garanti
A/S, which is specialised within this type of business being the largest surety
insurance company in the Nordic region. Due to the nature of this line of
business, reinsurance is employed to a larger extent than in other parts of
Tryg's insurance portfolio. Consequently, the accounting effect of a single
claim within guarantee insurance is limited to DKK 30m, and this is a
contributory factor in Tryg Garanti A/S being a profitable activity over time
despite a few large claims. 

Additional information

For further information visit www.tryg.com or contact Investor Relations;

  -- Investor Relations Director Lars Moeller on +45 44 20 45 17 or
  -- Investor Relations Manager Peter Brondt on +45 22 75 89 04 or
  -- CCO Troels Rasmussen on +45 30 35 30 70 or troels.rasmussen@tryg.dk

Tryg is the leading Nordic provider of 'peace of mind' solutions with property
and casualty insurance operations in Denmark, Norway and Sweden. Tryg is listed
on Nasdaq OMX Copenhagen, and 60% of the shares are held by TryghedsGruppen

Click on, or paste the following link into your web browser, to view the
associated documents


News Source: NASDAQ OMX

26.08.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:           English
Company:            Tryg A/S
                    . .
Phone:              .
Fax:                .
E-mail:             .
Internet:           .
ISIN:               DK0060013274
Category Code:      MSC
LSE Ticker:         0GBV
Sequence Number:    1608
Time of Receipt:    Aug 26, 2013 15:38:06
End of Announcement                             DGAP News-Service
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