Tryg AS (WBO:TRYG)
€ 20.88 +0.22 (+1.06%) Market Cap: 12.39 Bil Enterprise Value: 12.89 Bil PE Ratio: 20.87 PB Ratio: 2.49 GF Score: 79/100

Q3 2020 Tryg A/S Earnings Call Transcript

Oct 09, 2020 / 08:00AM GMT
Release Date Price: €20.75 (-3.16%)
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 Q3 results earlier on this morning. And I have here with me Morten Hubbe, Group CEO; and Barbara Plucnar Jensen, Group CFO, to present the numbers.

Over to you, Morten.

Morten Hübbe;S;Group CEO;Member of Executive Board
Tryg A

/-&

Thank you, Gian, and good morning from my side as well.

And we start on Slide 3 with the financial highlights of the third quarter, which is a pretax result of DKK 1.15 billion driven by a technical result of DKK 980 million and robust investment income of DKK 237 million. The technical result increased 13% year-on-year primarily driven by a good Private growth, continuous positive development in the core business, the delivery of Alka synergies and a small positive impact from lower frequencies driven by COVID-19. The investment result was boosted by a good return from equities,

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