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Tryg Q4 profit well above forecast, maintains targets
January 30, 2014 / 6:46 AM / 4 years ago

Tryg Q4 profit well above forecast, maintains targets

COPENHAGEN, Jan 30 (Reuters) - Tryg, the Nordic region’s second-biggest general insurer, posted fourth-quarter earnings well above expectations on Thursday and maintained its financial targets.

Pretax profit was steady at 639 million Danish crowns ($116.84 million) in October-December, above forecasts for 425 million in a Reuters poll of analysts.

Tryg said its target remains delivering a combined ratio of of 90 or below and return on equity of 20 percent after tax.

The firm also proposed a 27 crown per share divided, a touch above the 26 crowns a year earlier.

$1 = 5.4691 Danish crowns Reporting by Copenhagen newsroom

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