TRYG Tryg A/S

Tryg A/S – capital reduction

Tryg A/S – capital reduction

 

At Tryg’s annual general meeting on 21 March 2024, it was decided to cancel repurchased shares from the Group’s share buy back programmes.

The Group’s share capital is reduced by nominal DKK 92,214,355 to nominal DKK 3,081,960,545. The reduction of the share capital was announced by the Danish Business Authority on 22 March 2024.

Tryg has not received any objections to the capital reduction. Therefore, the reduction is effective as the Danish Business Authority has registered the capital reduction.

After the cancellation of the 18,442,871 repurchased shares, Tryg’s share capital amounts to nominal DKK 3,081,960,545 equivalent to 616.392.109 shares.

Attachment



EN
29/04/2024

Underlying

TRYGTryg A/S

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Reports on Tryg A/S

ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
ALMB ALM. BRAND AS
STB STOREBRAND ASA
TRYG TRYG A/S
PROT PROTECTOR FORSIKRING AS
GJF GJENSIDIGE FORSIKRING ASA
SFAB SOLID FORSAKRINGSAKTIEBOLAG
SAMPO SAMPO OYJ
11/12/24 November 12, 2024 1 EN
Håkon Astrup
  • Håkon Astrup
Free Trial
TRYG TRYG A/S

Tryg (Buy, TP: DKK185.00) - Building on a solid foundation

We expect focus at the CMD set for 4 December to be on how best to utilise the scale achieved after the RSA transaction. Building on newfound scale in Sweden, together with profitability measures in Norway, we see continued underwriting improvements. In sum, we expect Tryg to update its key financial targets for 2027, with a combined ratio of ≤80% and an insurance service result of DKK8.2bn–8.6bn. We reiterate our BUY and have raised our target price to DKK185 (180), having increased our 2025–20...

10/25/24 October 25, 2024 1 EN
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
TRYG TRYG A/S
GJF Gjensidige Fors...

Like clockwork, now time to look to 2027

Q3: Underlying claims in line, 3% UW beat (weather & large losses); Adj. EPS +1% for both 24e (inv.return) and 26e (premiums); Unwarranted P/E discount 24e-25e, BUY into CMD

TRYG TRYG A/S
GJF GJENSIDIGE FORSIKRING ASA
10/11/24 October 11, 2024 1 EN
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
TRYG TRYG A/S

Reported UW beat, underlying in line

PTP +3% vs both cons & ABG, driven by 3% better UW; Reported growth inline, '24 guidance repeated ahead of CMD; Stock +0-2% today, cons.est.rev. +0-2%; pos. read to peer GJF

10/11/24 October 11, 2024 1 EN
ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
  • Patrik Brattelius
ALMB ALM. BRAND AS
TRYG TRYG A/S
GJF GJENSIDIGE FORSIKRING ASA
SFAB SOLID FORSAKRINGSAKTIEBOLAG
SAMPO SAMPO OYJ
10/08/24 October 8, 2024 1 EN

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