Tryg's Supervisory Board has today approved the Q1 report 2012.
Positive result development affected by profitability measures and a low level of weather claims. Combined ratio improved by 2.2 percentage points and higher return on investment.
* Pre-tax result of DKK 721m, compared with DKK 361m in the first quarter of 2011. Technical result of DKK 366m as against DKK 268m in first quarter of 2011.
* The 2.2 percentage-point improvement of the combined ratio to 93.9 against 96.1 has benefited from measures to improve profitability
* The lower discount rate than in the same period in 2011 negatively impacted the combined ratio by some 1.5 percentage points.
* Premium growth of 1.2% in local currency in the first quarter of 2012 was achieved primarily as a result of price increases implemented in Denmark and Norway in 2010 and 2011. Total gross premium income stood at DKK 5,141m.
* As planned, the match portfolio again produced a return after transfer to technical interest of very close to DKK 0m. The free investment portfolio produced a return of DKK 450m, or 5.3%, as against 2.1% in the first quarter of 2011.
* Return on equity after tax of 23.9%.
Download the full report on http://tryg.com
Attachments:09_2012 Tryg Q1 2012 report.pdf
Contact Details
Company Address: Klausdalsbrovej 601, 2750 Ballerup , Denmark
Website URL: http://www.tryg.com/en/home/index.html