Q2 2026 Tryg A/S Earnings Call Transcript
Key Points
- Revenue grew by 3.3% overall, with a strong 5% growth in the private segment.
- The combined ratio based on the adjusted insurance service result was an excellent 77.4%, driven by strong performance in Norway.
- Customer satisfaction score improved to 83, reaching the targeted level for 2027 ahead of schedule.
- The investment result was robust at DKK262 million, with significant contributions from both the match and free portfolios.
- The solvency ratio is strong at 196%, indicating a solid financial position.
- The commercial segment experienced a revenue drop, partly due to a weak January renewal on the corporate customer side.
- Large claims were significantly above quarterly expectations, impacting the insurance service result.
- The Danish business was affected by a high number of large claims, impacting overall performance.
- Revenue growth is expected to be lower in the second half of the year, with a full-year growth outlook of around 3%.
- The Danish workers' compensation charge of DKK1.2 billion significantly impacted the insurance service result.
/- -
Good morning, everybody. My name is Gianandrea Roberti. I'm Head of Financial Reporting at Tryg. We published our Q2 figures earlier this morning. And I'm here with me, Johan Brammer, our Group CEO; Allan Thaysen, our Group CFO; and Mika Karrsten, our Group CTO, to present the numbers.
And with these few words, over to you, Johan.
/- -
Thanks a lot, Gian, and good morning from me as well. Today, we report our Q2 earnings. And I will, as usual, begin with the financial highlights.
So revenue grew by 3.3%, with a good solid growth of 5% in the private segment, partly offset by a small revenue drop in the Commercial segment, which I'll come back to later in this presentation. The insurance service result totaled DKK2.39 billion when adjusting for the well-known one-off charge of DKK1.2
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
