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| To Nasdaq OMX Copenhagen |
| Announcement no. 17 - 2010 |
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| 21 May 2010 |
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| First quarter 2010 results | |
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(compared with first quarter 2009)
7.7 % growth in local currency (12.9 % in DKK)
Earnings impacted by extraordinary hard winter in the Nordic region
Positive underlying claims development in the private business
2010 premium growth is expected to be 3-4 % and combined ratio before winter
claims changed from 93-95 to 94-96. Including winter claims combined ratio is
now expected at 97-99
Key figures for Q1 2010
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| DKKm | Q1 2009 | Q1 2010 |
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| Premium income | 4,117 | 4,650 |
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| Insurance technical | 437 | -354 |
| result | | |
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| Investment results | 46 | 204 |
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| Pre-tax profit | 470 | -113 |
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| Net income | 320 | -102 |
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Combined ratio was 108,4 compared with 90.9. Winter claims impacted by 15,1
percentage points and adjusted for this the combined ratio was 93,3
Read the entire report for first quarter 2010 and see webcast presentation on
www.tryg.com
Additional information:
Visit tryg.com or contact our Investor Relations department;
Investor Relations Director Ole Søeberg on +45 4030 0004 or ole.soeberg@tryg.dk
Investor Relations Manager Lars Møller on +45 2266 6605 or lars.moeller@tryg.dk
TrygVesta is the leading Nordic provider of “peace of mind” solutions with
property & casualty insurance operations in Denmark, Norway, Sweden and Finland.
TrygVesta is listed on Nasdaq OMX Copenhagen and 60% of the shares are held by
TryghedsGruppen smba.
