Company Overview of TrygVesta Forsikring A/S
TrygVesta Forsikring A/S provides general insurance products and services. The company offers general insurance, life, and pension insurance products. It also provides reinsurance, underwriting, provisioning risk, and claims management services. Additionally, the company offers currency, credit, liquidity, operational, and strategic risk management services. The company was formerly known as Tryg Forsikring A/S and changed its name to TrygVesta Forsikring A/S in May 2007. The company was founded in 1971 and is based in Ballerup, Denmark. TrygVesta Forsikring A/S operates as a subsidiary of Tryg A/S.
Founded in 1971
Key Executives for TrygVesta Forsikring A/S
Chief Executive Officer and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Chief Operating Officer, Group Executive Vice President of Private, Country Manager - Denmark and Member of Executive Board
Group Executive Vice President and Country Manager for Sweden
Group Executive Vice President of Corporate
Compensation as of Fiscal Year 2015.
TrygVesta Forsikring A/S Key Developments
Tryg Announces Executive Changes, Effective April 15, 2016
Apr 13 16
Tryg has appointed Christian Baltzer as new Chief Financial Officer (CFO). After reporting the first quarter of 2016, Tor Magne Lønnum has completed his job as CFO with Tryg, and therefore Christian Baltzer succeeds Tor Magne Lønnum from 15 April 2016 instead of 1 May 2016 as previously announced.
TrygVesta Forsikring Reports Earnings Results for the First Quarter of 2016
Apr 12 16
TrygVesta Forsikring reported earnings results for the first quarter of 2016. For the quarter, profit before tax was DKK 563 million against DKK 665 million a year ago. Profit after tax was DKK 445 million against DKK 525 million a year ago. Return on equity after tax was 18.2% against 19.1% a year ago.
TrygVesta Forsikring A/S Announces Earnings Results for the Year 2015; Provides Guidance for the Year 2016
Jan 29 16
TrygVesta Forsikring A/S announced earnings results for the year 2015. For the year, the company reported gross premium income of DKK 17,977 million against DKK 18,652 million a year ago. Profit before tax was DKK 2,409 million against DKK 3,360 million a year ago. Profit on continuing business was DKK 1,995 million against DKK 2,590 million a year ago. Profit for the year was DKK 2,044 million or DKK 0.5 per share against DKK 2,600 million or DKK 2.0 per share a year ago. Return on equity after tax was 6.1% against 21.7% a year ago. Total cash flow from operating activities was DKK 1,490 million against DKK 1,924 million a year ago. Acquisition and refurbishment of real property was DKK 46 million against DKK 14 million a year ago. Return on equity after tax was 18.5% against 22.1% a year ago.
For the year 2016, the company expects tax payable for an average year to be reduced from around 22%-23% to around 21% in 2016. The company expected growth in gross premium income of 0-2% in 2016.
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