Tryg Q3 profit falls less than expected, keeps year view
COPENHAGEN Oct 10 (Reuters) - The Nordic region's second-biggest insurer Tryg posted a smaller-than-expected fall in third quarter pretax profit, aided by cost cuts.
Pretax profit fell to 907 million Danish crowns ($164.35 million) in July-September compared with 976 million a year earlier and exceeding a forecast for 850 million in a Reuters poll of analysts.
Tryg stood by its full-year 2013 forecast for a combined ratio - the percentage of revenue spent on claims and costs - of 90 percent or lower and said cost cuts and efficiency drives had improved the result by 110 million crowns.
($1 = 5.5188 Danish crowns) (Reporting by Copenhagen Newsroom; Editing by David Cowell)
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