DGAP-Regulatory: Interim report Q1 2014

DGAP-Regulatory: Interim report Q1 2014

Tryg A/S  / 1st Quarter Results

10.04.2014 07:30

Dissemination of a Regulatory Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Tryg's Supervisory Board has today approved the interim report for Q1 2014.

Good results of DKK 455m with a 5% increase in the technical result despite a
higher level of large claims of DKK 150m. The Group's efficiency programme is
progressing according to plan, contributing significantly to results. 

Highlights for Q1 2014

  -- Profit before tax of DKK 602m (DKK 759m). 
  -- Technical result of DKK 523m (DKK 500m). 
  -- Combined ratio of 89.2 (90.3) is impacted positively by cost and claims
     measures.
  -- Claims ratio, net of ceded business, of 73.3 (74.3) with improvement in
     Private, Commercial and Sweden.
  -- The 2% reduction in premiums reflects a reduction in the Nordea portfolio
     in Sweden and the impact of the profitability measures implemented in
     Commercial.
  -- Lower expense ratio of 15.9 (16.0) and reduction in nominal expenses of
     more than 2% in local currencies.
  -- Lower investment return of DKK 89m (DKK 269m) primarily due to a lower
     return on equities.
  -- Return on equity after tax of 16.1% (20.3%). 
  -- Share buy back of DKK 1,000m commenced.


Additional information:

For further information, please contact:

Investor Relations Director Lars Moeller on +45 22 66 66 05 or
lars.moeller@tryg.dk 

Investor Relations Manager Peter Brondt on +45 22 75 89 04 or
peter.brondt@tryg.dk 

Communication Director Steffen Lundgren Kristensen on +45 41 86 28 92 or
steffen.kristensen@tryg.dk

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

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen
tId=468927

News Source: NASDAQ OMX



10.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:           English
Company:            Tryg A/S
                    .
                    . .
                    Denmark
Phone:              .
Fax:                .
E-mail:             .
Internet:           .
ISIN:               DK0060013274
Category Code:      QRF
TIDM:               0GBV
Sequence Number:    1985
Time of Receipt:    Apr 10, 2014 07:30:01
 
End of Announcement                             DGAP News-Service
 
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