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Tryg Q1 lags forecast, maintains targets
April 10, 2014 / 5:52 AM / 3 years ago

Tryg Q1 lags forecast, maintains targets

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

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