Tryg — Earnings Release 2013

Oct 10, 2013

Tryg A/S / 3rd Quarter Results

10.10.2013 07:30

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

Tryg's Supervisory Board has today approved the interim report for Q1-Q3 2013.

Consistent improvements in results achieved through efficiency programme, and cost cuts ensured attainment of the announced target of a combined ratio of 90 or lower.

Highlights for Q3 2013

• Profit before tax of DKK 907m (DKK 976m).
• Technical result of DKK 766m (DKK 652m).
• Improved combined ratio of 2.9 percentage points to 84.8 (87.7).
• Own internal efficiency programme improved results by DKK 110m.
• Decline in premium income of 3.4% impacted by profitability measures and profit sharing.
• Expense ratio improved to 15.5 (16.4).
• The match portfolio yielded a negative result of 33m DKK, while the return on the free investment portfolio totalled 2.0%.
• Return on equity of 27.0% p.a. after tax (29.4%).

Highlights for Q1-Q3 2013

• Profit before tax of DKK 2,354m (DKK 2,379m).
• Technical result of DKK 1,950m (DKK 1,844m).
• Combined ratio improved by 1.2 percentage points 87.3 (88.5).
• Own internal efficiency programme improved results by DKK 270m.
• 2.9% decline in premium income.
• Expense ratio improved to 15.7 (16.5).
• Return of DKK 2m on the match portfolio, and a free investment portfolio return of 5.3%.
• Return on equity of 22.0% p.a. after tax (24.8%).

Tryg has attained the target of a combined ratio of 90 or lower from Q3 2013. Moving forward, the target remains of a return on equity after tax of 20% to be achieved delivering a full-year combined ratio of 90 or below.

Additional information:

For further information, please contact:

• Investor Relations Director Lars Moeller on +45 22 66 66 05 or lars.moeller@tryg.dk
• Investor Relations Manager Peter Brondt on +45 22 75 89 04 or peter.brondt@tryg.dk
• Communications Director Steffen Lundgren Kristensen pa +45 41 86 28 92 eller steffen.kristensen@tryg.dk

Tryg is the leading provider of 'peace of mind' solutions with property & casualty insurance operations in Denmark, Norway and Sweden. Tryg is listed on Nasdaq OMX Copenhagen, and 60% of the shares are held by TryghedsGruppen smba.

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10.10.2013 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
Denmark
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ISIN: DK0060013274

Category Code: QRT

LSE Ticker: OGBV

Sequence Number: 1696

Time of Receipt: Oct 10, 2013 07:30:14

End of Announcement

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