Tryg A/S (OTCPK:TGVSF)

$ 21.0707 0 (0%) Market Cap: 12.66 Bil Enterprise Value: 13.65 Bil PE Ratio: 23.81 PB Ratio: 2.23 GF Score: 73/100

Q1 2024 Tryg A/S Earnings Call Transcript

Apr 17, 2024 / 08:00AM GMT

Release Date Price: $21.07

Transcript

Gianandrea Roberti;S;IR Officer

Tryg A

/-

Good morning, everybody. My name is Gianandrea Roberti. I'm Head of Investor Relations at Tryg. We published our Q1 results earlier this morning and I have here with me Johan Brammer, Group CEO; Allan Thaysen, Group CFO; Mikael Karrsten, Group CTO to present the figures. Before that, I just would like to remind everybody to ask 1 question at a time to allow the highest number of question from participants.

With this words, over to you, Johan.

Johan Kirstein Brammer;S;Group CEO;Member of Executive Board

Tryg A

/-&

Thanks a lot, Gianandrea. And I will go straight to Slide 3 with the financial highlights. Tryg is today reporting a solid insurance service result of DKK 1.275 billion in Q1 despite a harsh Scandinavian winter and adverse large claims experience weighing negatively on the result. The sum of weather and large claims was more than DKK 180 million higher than a normalized Q1. And as for comparison, the sum of weather and

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