Highlights (compared with the first quarter of 2007)
• 4.9% gross earned premium growth (5.9% in DKK) in the first quarter of 2008.
By comparison, the increase from the first quarter of 2006 to 2007 was 1.7%
• 3.6% gross earned premium growth and enhanced profitability in Private &
Commercial Norway
• Technical result was up 20% to DKK 637m
• Combined ratio improved by 1.7 percentage points to 87.9
• Pre-tax profit of DKK 261m, a decline of DKK 422m caused by declining equity
prices
• 10.4% return on equity before tax
• TrygVesta upgrades its expectations for the technical result for 2008 by 9% to
DKK 2.4bn and improves the combined ratio forecast from 90 to 89. Premium
growth expectations are maintained, and profit before and after tax is
downgraded due to equity price falls.
• New motor insurance initiatives in Denmark enhance customer experience
• TrygVesta buys its Ballerup head office, which was previously leased, for DKK
1,085m
• New customer system implemented in Norway
