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February 12, 2016 5:31 PM ET

Insurance

Company Overview of TrygVesta Forsikring A/S

Company Overview

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.

Klausdalsbrovej 601

Ballerup,  2750

Denmark

Founded in 1971

3,064 Employees

Phone:

45 70 11 20 20

Fax:

45 44 20 66 00

Key Executives for TrygVesta Forsikring A/S

Chief Executive Officer and Member of Executive Board
Age: 43
Chief Financial Officer and Member of Executive Board
Age: 48
Chief Operating Officer, Group Executive Vice President of Private, Country Manager - Denmark and Member of Executive Board
Age: 50
Group Executive Vice President and Country Manager for Sweden
Age: 52
Group Executive Vice President of Corporate
Age: 51
Compensation as of Fiscal Year 2015.

TrygVesta Forsikring A/S Key Developments

TrygVesta Forsikring A/S Announces Earnings Results for the Year 2015; Provides Guidance for the Year 2016

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.

TrygVesta Forsikring A/S Proposes Dividend for the Year 2015

TrygVesta Forsikring A/S at its annual general meeting to be held on March 16, 2016, will propose a dividend of DKK 1,450 million for the year 2015. The company paid DKK 2,400 million for the same period last year.

TrygVesta Forsikring A/S Announces Earnings Results for the Year 2015

TrygVesta Forsikring A/S announced earnings results for the year 2015. For the year, the company announced profit after tax of DKK 2,044 million compared to DKK 2,600 million a year ago. Return on equity after tax was 18.5% compared to 22.1% a year ago. Technical result was DKK 2,423 million compared to (DKK 3,032 million a year ago. Investment return was DKK 2 million compared to DKK 367 million a year ago. The return on equity was affected by a very low investment income level and one-off costs related to the efficiency programme being implemented by Tryg in support of its financial targets for 2017.

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