Strong half-year financial results backed by performance improvement in Q2 2007 leads to 15% upgrade of expected full-year profit before tax.

Interim report for the first half of 2007

Premium growth of 3.9% in local currency in Q2 believed to outperform general
market growth, lifting H1 2007 growth to 2.8% in local currency. 


Financial highlights for H1 2007

•Profit before tax at DKK 1,745m despite a greater number of large claims was
an improvement of DKK 394m over H1 2006. The performance was driven both by a
sound technical performance and favourable investment returns in Q2 2007. 

•The technical result of DKK 1,278m was an improvement of DKK 111m despite
large claims of DKK 473m (the estimated level of large claims for a normal
full-year being DKK 410m). 

•Gross earned premiums were DKK 8,106m, an increase of 2.8% in local currency
(1.8% in DKK). Premium increases to be implemented at 1 July 2007 on selected
products in Norway and on workers' compensation policies in Denmark following
new legislation. 

•Favourable policy renewal performance among existing customers and
accelerating growth in sales to new customers. A total of 71,000 new policies
sold in Finland and Sweden in H1 2007. 

•Combined ratio of 87.1 compared with 87.4 in H1 2006. 

•Return on equity after tax of 28.5%. 

•The full-year profit forecast before tax is upgraded by 15% from DKK 2.7bn to
DKK 3.1bn. 

•Effective as of January 1, 2007, the Danish statutory corporate tax rate has
been reduced from 28 % to 25 %. Based on the Outlook for 2007 the change
entails DKK 65m lower tax expenses and the effective tax rate for TrygVesta is
reduced from 26 % to 23 %. 

For the full-half year report and additional information please go to
http://www.trygvesta.com/ 

Webcast and teleconference
TrygVesta hosts a webcast and teleconference on 16 August 2007 at 10:00 CET. To
participate in the teleconference, please call +44 208 817 9301 or +45 7026
5040.  The presentation material is available at www.trygvesta.com