Skip to main content

Tryg Forsikring A/S – Financial highlights 2024

Written by Customer Service on . Posted in Public Companies.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Tryg Forsikring’s full annual report for 2024 will be published 7 February 2025
Annual report 2024 for the entire Tryg Group is available on Tryg.com.

Tryg Forsikring Group reported an insurance service result of DKK 7,324m (DKK 6,399m) and a combined ratio of 81.0% (82.8%) in 2024. The higher insurance service result was supported by a growth of 4.1% in local currencies, a benign large claims experience, and the delivery of accumulated synergies of DKK 930m from the RSA Scandinavia acquisition. The investment result was DKK 641m (DKK 615m) driven by positive returns across most asset classes. Pre-tax profit was DKK 6,423m (DKK 5,199m) and profit after tax was DKK 4,911m (DKK 3,993m). The reported solvency ratio at the end of 2024 was 197% for Tryg Forsikring A/S (Parent company).

Financial highlights 2024

  • Insurance revenue growth of 4.1% in local currencies (4.8%)
  • Insurance service result of DKK 7,324m (DKK 6,399m)
  • Combined ratio of 81.0% (82.8%)
  • Expense ratio of 13.5% (13.4%)
  • Investment result of DKK 641m (DKK 615m)
  • Profit before tax of DKK 6,423m (DKK 5,199m)
  • All financial targets for 2024 have been achieved

Customer highlights 2024

  • Customer satisfaction score of 87 (86)

Statement by Group CEO Johan Kirstein Brammer:
“2024 was a year of satisfactory results, and we are pleased to have reached all our financial targets for both the full year and the entire strategy period. We emerge from a period of significant macroeconomic challenges with solid key figures and a strengthened core business. This demonstrates Tryg Forsikring’s resilience once again as we continue to deliver on the commitments made to both customers and shareholder,” says Johan Kirstein Brammer, Group CEO, Tryg Forsikring.

“Moreover, we have successfully conducted a de-risking of our Corporate portfolio, while also delivering on the ambitious synergy and ROOF targets set for the strategy period. These results represent an excellent opportunity to further improve Tryg Forsikring’s market position and provide a strong foundation to raise our ambitions with the new strategy towards 2027″ he says.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.