DGAP-UK-Regulatory: Tryg A/S - Interim report Q1-Q3 2013

DGAP-UK-Regulatory: Tryg A/S - Interim report Q1-Q3 2013

Tryg A/S  / 3rd Quarter Results

10.10.2013 07:30

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.

Tryg's Supervisory Board has today approved the interim report for Q1-Q3 2013.

Consistent improvements in results achieved through efficiency programme, and
cost cuts ensured attainment of the announced target of a combined ratio of 90
or lower. 

Highlights for Q3 2013

  -- Profit before tax of DKK 907m (DKK 976m).
  -- Technical result of DKK 766m (DKK 652m).
  -- Improved combined ratio of 2.9 percentage points to 84.8 (87.7).
  -- Own internal efficiency programme improved results by DKK 110m.
  -- Decline in premium income of 3.4% impacted by profitability measures and
     profit sharing.
  -- Expense ratio improved to 15.5 (16.4).
  -- The match portfolio yielded a negative result of 33m DKK, while the return
     on the free investment portfolio totalled 2.0%.
  -- Return on equity of 27.0% p.a. after tax (29.4%).

Highlights for Q1-Q3 2013

  -- Profit before tax of DKK 2,354m (DKK 2,379m).
  -- Technical result of DKK 1,950m (DKK 1,844m).
  -- Combined ratio improved by 1.2 percentage points 87.3 (88.5).
  -- Own internal efficiency programme improved results by DKK 270m.
  -- 2.9% decline in premium income.
  -- Expense ratio improved to 15.7 (16.5).
  -- Return of DKK 2m on the match portfolio, and a free investment portfolio
     return of 5.3%.
  -- Return on equity of 22.0% p.a. after tax (24.8%).

Tryg has attained the target of a combined ratio of 90 or lower from Q3 2013.
Moving forward, the target remains of a return on equity after tax of 20% to be
achieved delivering a full-year combined ratio of 90 or below. 

Additional information:

 For further information, please contact:

  -- Investor Relations Director Lars Moeller on +45 22 66 66 05 or
  -- Investor Relations Manager Peter Brondt on +45 22 75 89 04 or
  -- Communications DirectorSteffen Lundgren Kristensen pa +45 41 86 28 92 eller

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

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Language:           English
Company:            Tryg A/S
                    . .
Phone:              .
Fax:                .
E-mail:             .
Internet:           .
ISIN:               DK0060013274
Category Code:      QRT
LSE Ticker:         0GBV
Sequence Number:    1696
Time of Receipt:    Oct 10, 2013 07:30:14
End of Announcement                             DGAP News-Service
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