Interim report for Q1-Q3 2012

11/8/2012 1:30 AM EST

Tryg A/S
Quarterly report

Interim report for Q1-Q3 2012

Tryg’s Supervisory Board has today approved the interim report for Q1-Q3 2012.

In Q3 2012, the insurance business turned in a good profit, and the return on
investment was high. The insurance results were positively affected by
profitability measures and a low level of weather claims. 



Highlights for Q3 2012

• Pre-tax profit of DKK 976m (DKK 279m). Technical profit of DKK 652m (DKK 480m)

• Combined ratio of 87.7 (91.5)

• Claims ratio of 70.3 (89.5), affected by profitability measures, favourable
weather conditions and a high level of large claims 

• The interest rate level affects the combined ratio negatively by 1 point
relative to Q3 2011 

• Negative premium growth of 1.4%, reflecting the profitability focus

• Expense ratio of 16.4 (16.1), still at a low level, but affected by
restructuring provision of DKK 60m, corresponding to 1.2 percentage points 

• High return on investment, reflecting high returns in the free investment
portfolio for both shares and bonds 

• Return on equity of 29.4% after tax.



Highlights for Q1-Q3 2012

• Pre-tax profit of DKK 2,379m (DKK 1,136m). Technical profit of DKK 1,844m
(DKK 1,262m) 

• Combined ratio of 88.5 (92.6)

• Claims ratio of 72.9 (79.3), affected by profitability measures, run-off loss
due to cloudburst in July 2011 and positive impact of additional reinsurance
recoveries 

• The interest rate level affects the combined ratio negatively by 1.4 points
relative to 2011 

• Low premium growth of 0.1%, reflecting the profitability focus

• High return on investment in the free investment portfolio, particularly for
bonds 

• Return on equity of 24.8% after tax.