Tryg — Earnings Release 2012

May 14, 2012

Tryg A/S / 1st Quarter Results

14.05.2012 17:01

Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

Tryg's Supervisory Board has today approved the Q1 report 2012.

Positive result development affected by profitability measures and a low level of weather claims. Combined ratio improved by 2.2 percentage points and higher return on investment.

-- Pre-tax result of DKK 721m, compared with DKK 361m in the first quarter of 2011. Technical result of DKK 366m as against DKK 268m in first quarter of 2011.
-- The 2.2 percentage-point improvement of the combined ratio to 93.9 against 96.1 has benefited from measures to improve profitability
-- The lower discount rate than in the same period in 2011 negatively impacted the combined ratio by some 1.5 percent-age points.
-- Premium growth of 1.2% in local currency in the first quarter of 2012 was achieved primarily as a result of price increases implemented in Denmark and Norway in 2010 and 2011. Total gross premium income stood at DKK 5,141m.
-- As planned, the match portfolio again produced a return after transfer to technical interest of very close to DKK 0m. The free investment portfolio produced a return of DKK 450m, or 5.3%, as against 2.1% in the first quarter of 2011.
-- Return on equity after tax of 23.9%.

Download the full report on http://tryg.com

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14.05.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Tryg A/S
Denmark
Phone:
Fax:
E-mail:
Internet:
ISIN: DK0060013274
Category Code: QRF
LSE Ticker: 0GBV
Sequence Number: 1090
Time of Receipt: May 14, 2012 17:01:07

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