Tryg A/S

Tryg A/S reported a record-high insurance service result of DKK 2,454m for the third quarter of 2026, up from DKK 2,181m a year earlier, with a combined ratio of 76.8% against 78.6%. The improvement was supported by a 60bps underlying claims ratio gain, up from 50bps in the second quarter, including solid progress in Norway, and Group revenue growth of 4.1% in DKK, or 2.3% in local currencies. Pre-tax profit for the quarter reached DKK 2,123m, up from DKK 1,980m, while the investment result fell to DKK 42m from DKK 177m. For the first nine months, the insurance service result was DKK 5,299m, or DKK 6,499m adjusted for the one-off provision on Danish workers' compensation booked in the second quarter, and the combined ratio was 83.2%, or 79.4% adjusted. The Supervisory Board approved an ordinary dividend of DKK 2.15 per share for the year, up around 5% from DKK 2.05, and the solvency ratio stood at 203% at the end of the third quarter, up from 196% at the end of the second quarter. Group CEO Johan Kirstein Brammer also highlighted three new motor partnerships with Mercedes-Benz in Sweden, Tesla in Denmark, and XPENG in Norway.

Tryg's Supervisory Board approved the interim report for Q2 2026. The insurance service result was DKK 1,190 million, compared to DKK 2,307 million a year earlier, with a combined ratio of 88.8 percent versus 77.2 percent. Excluding a one-off provision related to the Supreme Court ruling on Danish workers' compensation from 28 April 2026, the insurance service result was DKK 2,390 million and the combined ratio was 77.4 percent. The underlying claims ratio improved by 50 basis points, supported by strong performance in Norway and premium growth of 3.3 percent in local currencies. The investment result was DKK 262 million, up from DKK 110 million, and profit before tax was DKK 1,076 million, or DKK 2,276 million adjusted for the one-off provision. The ordinary dividend was raised to DKK 2.15 per share, an increase of around 5 percent, and the solvency ratio stood at 196 percent.