Tryg A/S Annual report 2012

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| Source: Tryg A/S
multilang-release

Tryg’s Supervisory Board has today approved the 2012 full year report.

Tryg’s profit after tax totalled DKK 2,208m (DKK 1,140m), which corresponds to a return on equity of 22.1% (13.1%). The improvement in profit stems from an increase in the technical result of DKK 920m and a higher investment return of DKK 524m

Highlights 2012

  • Pre-tax profit of DKK 3,017m (DKK 1,603m).
  • Proposed dividend per share of DKK 26 (DKK 6.52).
  • Proposed extraordinary share buy back of DKK 800m.
  • Combined ratio of 88.2 (93.2).
  • Expense ratio improved to 16.4 (16.6).
  • High investment result, after transfer to insurance, of DKK 585m (DKK 61m).
  • Write-down of domicile of DKK 350m.

 

Highlights of the fourth quarter 2012

  • Pre-tax profit of DKK 638m (DKK 467m).
  • Technical result of DKK 648m (DKK 310m).
  • Combined ratio of 87.4 (94.5).
  • Gross claims ratio of 70.2 (78.5).
  • The quarter was affected by lower level of weather claims than in Q4 2011.
  • Expense ratio of 16.3 (16.9).
  • High return on bond portfolio and write-down on Ballerup domicile of DKK 200m.

The results will be presented by CEO Morten Hübbe and CFO Tor Magne Lønnum followed by a Q&A session on Thursday 7 February 2013 from 09.30 CET – 10.45 CET. An on-demand webcast will be available on tryg.com shortly after the presentation.
 

Teleconference details:
UK participants dial: + 44 (0) 844 571 8957
Danish participants dial: + 45 327 280 18
US participants dial: + 1 866 682 8490
International number: + 44 (0) 1452 555131

Contact information:
Lars Møller Investor Relations Director +45 22 66 66 05 lars.moeller@tryg.dk  
Peter Brondt Investor Relations Manager +45 22 75 89 04 peter.brondt@tryg.dk
Troels Rasmussen Chief Communications Director +45 30 35 30 70 troels.rasmussen@tryg.dk

Visit www.tryg.com and follow us on twitter.com/TrygIR