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Tryg A/S (TRYG.CO)

TRYG.CO on Copenhagen Stock Exchange

125.20DKK
24 Mar 2017
Change (% chg)

kr.-0.60 (-0.48%)
Prev Close
kr.125.80
Open
kr.125.80
Day's High
kr.126.00
Day's Low
kr.124.80
Volume
395,538
Avg. Vol
501,677
52-wk High
kr.142.00
52-wk Low
kr.110.50

Latest Key Developments (Source: Significant Developments)

Tryg Q4 profit after tax DKK 560 mln, misses expectations
Friday, 20 Jan 2017 01:39am EST 

Tryg A/S : Q4 profit after tax 560 million Danish crowns ($80 million)(Reuters poll 629 million crowns) . Q4 combined ratio 87.6 (Reuters poll 92.4) . Q4 premium income increased by 1.7 pct (-1.6 pct) in local currencies . Proposed dividend of 3.60 crowns per share brings total 2016 dividend to 6.20 crowns per share . In accordance with our new shareholders' remuneration, an extraordinary dividend of 1 billion crowns is planned for 2017 together with introduction of a quarterly dividend . Says continues to expect an improvement in underlying claims ratio during 2017. . Tryg expects growth in gross premium income of 0-2 pct in local currencies in 2017 . Expects growth in gross premium income of 0-2 pct in local currencies in 2017. . In 2017, weather claims net of reinsurance and large claims are expected to be 500 million crowns and 550 million crowns, respectively, which is unchanged relative to 2016 . Financial target 2017: return on equity of ≥21 pct after tax .Financial target 2017: combined ratio ≤87.  Full Article

Tryg's rating upgraded to 'A1' with Stable outlook
Thursday, 15 Dec 2016 10:43am EST 

Moody's: Tryg's rating upgraded to 'A1' with Stable outlook . Moody's Investors Service has upgraded Tryg Forsikring Insurance Financial Strength Rating to 'A1' from 'A2' . Moody's has also upgraded Tryg Forsikring subordinated debt to A3 (HYB) from BAA1 (HYB) .Rating outlook is stable.  Full Article

Tryg Q2 profit after tax DKK 734 mln, above expectations
Tuesday, 12 Jul 2016 01:30am EDT 

Tryg : Q2 profit after tax 734 million Danish crowns (Reuters poll 620 million crowns) . Q2 combined ratio 82.6 (Reuters poll 82.8) . Semi-annual dividend of 2.60 crowns (2.50 crowns) and solvency ratio of 206 (193 including Skandia) . In 2016, weather claims and large claims, net of reinsurance, are expected to be 500 million Danish crowns ($74.49 million) and 550 million crowns, respectively, which is unchanged relative to 2015 . Financial targets 2017 are return on equity of ≥21 pct after tax, combined ratio ≤87, expense ratio ≤14 .Premium growth for 2016 will probably be at low end of previously communicated premium growth outlook of between 0 pct and 2 pct.  Full Article

Tryg sees claim from Norwegian union of up to $45 mln
Thursday, 19 May 2016 04:32am EDT 

Tryg : Says Tryg Forsikring has received notice of an action from Finansforbundet in Norway (the Finance Sector Union of Norway) on behalf of a group of pensioners . Says the action concerns the adjustment in the pension schemes of Norwegian employees made in 2014 . Says Finansforbundet has not yet quantified the claim, but according to Tryg’s preliminary calculations, the claim will not exceed a maximum of about 0.3 billion Danish crowns ($45.3 million) after tax for the persons affected by the adjustment . Says does not agree that the adjustment was wrongful and expects an action to be resolved in court and does not expect a ruling to be made for the next 1.5 – 2 years .Says in Q1 its solvency ratio was 212. A possible loss of 0.3 billion crowns would result in a solvency ratio of 206.  Full Article

Tryg assigned 'a2' rating by Moody's
Friday, 29 Apr 2016 03:31am EDT 

Tryg A/S:Says has been assigned an 'a2' rating by Moody's.Additionally, Moody's has assigned a Baa1 rating on the subordinated debt issued by Tryg Forsikring.The ratings of the issuers have a positive outlook.Says has decided to terminate the rating agreement with Standard & Poor's.  Full Article

Tryg A/S initiates share buy back programme of 1 billion crowns
Wednesday, 6 Apr 2016 02:37am EDT 

Tryg A/S:Says Danish FSA has approved extraordinary share buy back programme of 1 billion Danish crowns.Says the share buy back programme is expected to be implemented from April 6 2016 to end of 2016.  Full Article

Tryg names Christian Baltzer new CFO
Wednesday, 16 Mar 2016 04:00am EDT 

Tryg A/S:Says ‍has appointed Christian Baltzer as new CFO as of May 1.Christian Baltzer will succeed Tor Magne Lønnum, who will, as previously announced, leave Tryg by the end of April.  Full Article

Tryg keeps FY 2017 targets, proposes dividend
Thursday, 21 Jan 2016 01:30am EST 

Tryg A/S:Says proposes dividend of 3.5 Danish crowns per share and 6.00 crowns when including H1 dividend‍.Says is on track to meet the financial targets for FY 2017‍.Says will initiate share buy back programme of 1 billion crowns.Says keeps FY 2017 financial targets.  Full Article

Tryg A/S creates new management structure
Tuesday, 1 Dec 2015 04:00am EST 

Tryg A/S:New management structure replaces current group executive management.Affected group executive vice presidents will continue, either as directors of one of new established business areas or will have other jobs within organisation.  Full Article

CFO Tor Magne Lonnum leaves Tryg A/S
Friday, 13 Nov 2015 02:00am EST 

Tryg A/S:Group CFO Tor Magne Lonnum leaves Tryg.Says group Chief Financial Officer has handed in his resignation to Tryg in order to take on position as CFO at Aimia Inc Montreal Canada.  Full Article

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BRIEF-Tryg: Top executives buy shares

* Morten Hübbe, group CEO has purchased 15,464 Tryg shares for 2,014,959 Danish crowns ($290,759)