October 23, 2017 11:06 AM ET

Insurance

Company Overview of TrygVesta Forsikring A/S

Company Overview

TrygVesta Forsikring A/S provides insurance products and services. The company insurance products in the areas of occupational injuries and home transport, car owner switching, auto, children, boat, change of ownership, contract to private individuals, horse, buildings, home, cat, moped, travel, legal expenses, health, seller liability, dental, accident, and young living (that covers incidents, accidents, and travel insurance in one package for people between 18 and 34 years). TrygVesta Forsikring A/S 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...

Klausdalsbrovej 601

Ballerup,  2750

Denmark

Founded in 1971

3,248 Employees

Phone:

45 70 11 20 20

Fax:

45 44 20 66 00

Key Executives for TrygVesta Forsikring A/S

Group Chief Executive Officer and Member of Executive Board
Age: 45
Group Chief Financial Officer and Member of Executive Board
Age: 39
Group COO, Group Executive VP of Private and Member of Executive Board
Age: 52
Group Executive Vice President and Country Manager for Sweden
Age: 54
Group Executive Vice President of Corporate
Age: 53
Compensation as of Fiscal Year 2017.

TrygVesta Forsikring A/S Key Developments

TrygVesta Forsikring A/S expected to report Q3 2017 results on October 23, 2017. This event was calculated by Capital IQ (Created on October 17, 2017).

TrygVesta Forsikring A/S expected to report Q3 2017 results on October 23, 2017. This event was calculated by Capital IQ (Created on October 17, 2017).

Tryg Forsikring A/S Announces Unaudited Group and Company Earnings Results for the First Half of 2017

Tryg Forsikring A/S announced unaudited group and company earnings results for the first half of 2017. For the period, on group basis, the company reported gross premiums written of DKK 10,562 million against DKK 10,360 million a year ago. Premium income, net of reinsurance was DKK 8,483 million against DKK 8,323 million a year ago. Profit before tax was DKK 1,729 million against DKK 1,536 million a year ago. Profit on continuing business was DKK 1,349 million against DKK 1,211 million a year ago. Profit for the period was DKK 1,347 million against DKK 1,211 million a year ago. Total cash flow from operating activities was DKK 1,460 million against DKK 1,600 million a year ago. Acquisition of intangible assets was DKK 102 million. Return on equity after tax was 29.6% against 24.4% a year ago. The first half of 2017, technical result was better than in the corresponding period last year, while the investment return was higher driven primarily by a positive development in equity markets. The underlying claims ratio for private improved 0.25%, while the group underlying claims ratio improved modestly as profitability in corporate remains under pressure. For the period, on company basis, the company reported gross premiums written of DKK 10,518 million against DKK 10,360 million a year ago. Premium income, net of reinsurance was DKK 8,453 million against DKK 8,323 million a year ago. Profit before tax was DKK 1,730 million against DKK 1,518 million a year ago. Profit on continuing business was DKK 1,340 million against DKK 1,211 million a year ago. Profit for the period was DKK 1,347 million against DKK 1,211 million a year ago.

Tryg Forsikring Annual General Meeting to Propose Dividend for 2016

At the annual general meeting to be held on the 8 March 2017, Tryg Forsikring´s Supervisory Board will propose a dividend of DKK 2,700 million. In 2016, Tryg Forsikring paid out semi-annual dividend of DKK 1,100 million. Thus, the aggregated annual dividend pay-out for 2016 will be DKK 3,800 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 14, 2017
OBOS Forsikring AS
Merger/Acquisition
December 15, 2016
An Office Building in Bergen, Norway
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