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 Operating Officer, Group Executive Vice President of Private and Country Manager - Denmark
Group Executive Vice President and Country Manager for Sweden
Group Executive Vice President of Corporate
Compensation as of Fiscal Year 2014.
TrygVesta Forsikring A/S Key Developments
TrygVesta Forsikring A/S Announces Earnings Results for the Year 2014; Provides Return on Equity and Tax Rate Guidance for 2015
Jan 28 15
TrygVesta Forsikring A/S announced earnings results for the year 2014. For the year, the company reported total investment return of DKK 781 million against DKK 1,076 million a year ago. Profit before tax was DKK 3,360 million against DKK 3,050 million a year ago. Profit on continuing business was DKK 2,590 million against DKK 2,416 million a year ago. Profit for the year was DKK 2,600 million against DKK 2,412 million a year ago. Cash from operating activities, continuing business was DKK 1,982 million against DKK 2,253 million a year ago. Acquisition and refurbishment of real property was DKK 14 million against DKK 18 million a year ago. Purchase of operating equipment-net was DKK 17 million against DKK 6 million a year ago. Acquisition of intangible assets was DKK 228 million. Return on equity after tax was 22.1% against 21.3% a year ago.
The company expects return on equity of 20% after tax for 2015. The company expects, the expected tax payable for an average year to be reduced from around 235-24% to 22%-23% for 2015.
Trygvesta Forsikring A/S Proposes Dividend for 2014
Jan 28 15
TrygVesta Forsikring A/S has proposed a dividend of DKK 29 per share for the year 2014.
TrygVesta Forsikring A/S Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half of 2014
Jul 10 14
TrygVesta Forsikring A/S announced unaudited consolidated earnings results for the second quarter and first half of 2014. For the quarter, the company reported gross premium income of DKK 4,711 million against DKK 4,962 million a year ago. Profit before tax was DKK 1,150 million against DKK 688 million a year ago. Profit for the period was DKK 869 million against DKK 514 million a year ago. Return on equity after tax was 32.1% against 18.7% a year ago. Earnings per share were DKK 14.7 against DKK 8.5 a year ago.
For the first half, the company reported gross premium income of DKK 9,294 million against DKK 9,900 million a year ago. Profit before tax was DKK 1,752 million against DKK 1,447 million a year ago. Profit for the period was DKK 1,324 million against DKK 1,089 million a year ago. Return on equity after tax was 24.5% against 20.4% a year ago. Earnings per share were DKK 22.4 against DKK 17.9 a year ago. Total cash flow from operating activities was DKK 1,627 million against DKK 2,159 million a year ago. Purchase/sale of operating equipment (net) was DKK 7 million against DKK 4 million a year ago.
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September 11, 2014