AI assistant
Tryg — Earnings Release 2012
Feb 7, 2013
3389_rns_2013-02-07_5635b7bd-e3d9-40f2-a6d7-0e8c53547dab.pdf
Earnings Release
Open in viewerOpens in your device viewer
Tryg A/S / Annual Financial Report
07.02.2013 07:30
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 2012 full year report.
Tryg's profit after tax totalled DKK 2,208m (DKK 1,140m), which corresponds to a return on equity of 22.1% (13.1%). The improvement in profit stems from an increase in the technical result of DKK 920m and a higher investment return of DKK 524m
Highlights 2012
- Pre-tax profit of DKK 3,017m (DKK 1,603m).
- Proposed dividend per share of DKK 26 (DKK 6.52).
- Proposed extraordinary share buy back of DKK 800m.
- Combined ratio of 88.2 (93.2).
- Expense ratio improved to 16.4 (16.6).
- High investment result, after transfer to insurance, of DKK 585m (DKK 61m).
- Write-down of domicile of DKK 350m.
Highlights of the fourth quarter 2012
- Pre-tax profit of DKK 638m (DKK 467m).
- Technical result of DKK 648m (DKK 310m).
- Combined ratio of 87.4 (94.5).
- Gross claims ratio of 70.2 (78.5).
- The quarter was affected by lower level of weather claims than in Q4 2011.
- Expense ratio of 16.3 (16.9).
- High return on bond portfolio and write-down on Ballerup domicile of DKK 200m.
The results will be presented by CEO Morten Hubbe and CFO Tor Magne Loennum followed by a Q&A session on Thursday 7 February 2013 from 09.30 CET - 10.45 CET. An on-demand webcast will be available on tryg.com shortly after the presentation.
Teleconference details:
UK participants dial: +44 (0) 844 571 8957
Danish participants dial: +45 327 280 18
US participants dial: +1 866 682 8490
International number: +44 (0) 1452 555131
Contact information:
Lars Moeller Investor Relations Director +45 22 66 66 05 [email protected]
Peter Brondt Investor Relations Manager +45 22 75 89 04 [email protected]
Troels Rasmussen Chief Communications Director +45 30 35 30 70
Visit www.tryg.com and follow us on twitter.com/TrygIR
Click on, or paste the following link into your web browser, to view the associated documents
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=417705
News Source: NASDAQ OMX
07.02.2013 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
.
.
DA=nemark
Phone: .
Fax: .
E-mail: .
Internet: .
ISIN: DK0060013274
Category Code: ACS
LSE Ticker: 0GBV
Sequence Number: 1328
Time of Receipt: Feb 07, 2013 07:30:11
End of Announcement
DGAP News-Service