Tryg Q1 lags forecast, maintains targets
COPENHAGEN, April 10
COPENHAGEN, April 10 (Reuters) - Tryg, the Nordic region's second-biggest general insurer, posted first-quarter earnings below expectations due to lower investment return, but maintained its financial targets.
First-quarter pretax profit fell to 602 million crowns ($111.47 million) from 759 million crowns in the same period a year earlier, below forecasts for 665 million in a Reuters poll of analysts..
Tryg said it maintained its target for a return on equity of 20 percent after tax.
($1 = 5.4006 Danish Crowns) (Reporting by Teis Jensen; Editing by Stephen Coates)