A director at Storebrand ASA maiden bought 10,000 shares at 106.500NOK and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Harsh weather during Q1 led to elevated claims and a combined ratio deterioration of 5.7%-points YOY despite insurance revenues growing 11% YOY. Adjusting for weather and other items, the claims ratio improved 0.2%-points YOY, a sign that the sharp repricing efforts during 2023 are starting to take effect. Combined with signs of abating claims frequencies and further repricing, we expect continued underwriting improvements. We reiterate our BUY, having raised our 2025–2026e EPS by 3% and our tar...
Q1 PTP was up 30% YOY, largely driven by strong AUM growth and increased interest rates. The Insurance segment showed signs of improvement after several rounds of repricing in previous quarters, supporting the 2025 financial targets. Following regulatory approval and a 191% Solvency II ratio, Storebrand launched a NOK1.1bn buyback programme. We reiterate our BUY and have raised our target price to NOK125 (120) following ~4% positive EPS revisions for 2025e.
Q1 PTP was down 15% YOY to DKK1,007m (as we and consensus expected), reflecting the harsh winter weather and a high-profile claim in Sweden. However, the underlying claims ratio extended its long run of improvements, ending 0.5%-points stronger YOY. Given the ongoing premium repricing and CMD in December, we expect focus to remain on maintaining underwriting discipline, supporting continued improvements. We have made limited changes to our 2025–2026e net profit, and reiterate our BUY and DKK185 ...
Reporting of granting of Tryg shares to Allan Kragh Thaysen (CFO) and Alexandra Bastkær Winther (CCO) Group CFO Allan Kragh Thaysen has been granted 5,002 Tryg shares for a total amount of DKK 687,775. Group CCO Alexandra Bastkær Winther has been granted 4,473 Tryg shares for a total amount of DKK 615,037. Granting of the shares are related to the bonus programme in 2020. Attachment
Tryg A/S – 1. kvartals rapport 2024 Trygs bestyrelse har i dag godkendt 1. kvartals rapport for 2024 Tryg rapporterede et insurance service result på 1.275 mio. DKK (1.474 mio. DKK) og en combined ratio på 86,6 (84,0) i 1. kvartal 2024 påvirket negativt af højere end normalt vejr- og storskader niveau for mere end 180 mio. DKK. Den underliggende erstatningsprocent for Tryg Koncernen blev forbedret med 0,5 procentpoint, hvorimod Privat havde en forværring i den underliggende erstatningsprocent på 0,5 procentpoint påvirket af en stigning i frekvensen for motor skader. Tryg rapporterede en...
Tryg A/S – Interim report Q1 2024 Tryg’s Supervisory Board has today approved the Q1 2024 interim report. Tryg reported an insurance service result of DKK 1,275m (DKK 1,474m) and a combined ratio of 86.6 (84.0) in Q1 2024, adversely impacted by more than DKK 180m higher than normal weather and large claims level. The underlying claims ratio for the Group improved by 50bps, whilst the Private segment displayed a deterioration of 50bps driven by an increase in motor claims frequency. Tryg reported a top-line growth of 4.8% primarily driven by price increases to offset inflationary pressu...
We expect above-normal weather-related claims in Q1 as a result of heavy rain and snowfall (and record-low temperatures) in the Nordics at the start of the year. On the positive side, we believe the non-life insurers should see the effects of 2023’s repricing efforts, while their latest CMD presentations leave us confident the sector remains committed to maintaining underwriting discipline. Tryg is our top pick in the Nordic P&C sector, while we also reiterate our BUYs on Sampo and Gjensidige an...
Storebrand is set to benefit from strong equity markets in Q1, as we expect AUM to be up ~22% YOY. Together with solid profit sharing from the Swedish Guaranteed business, this should offset a soft insurance result from harsh weather and disability benefits, resulting in Q1 profit before amortisation of NOK924m, up 20% YOY. We forecast a Q1 Solvency II ratio of 195%, supporting continued buybacks in line with the 2023 CMD target of NOK12bn by 2030. We have raised our 2025–2026e EPS by 1–3% and o...
Tryg A/S offentliggør resultat for 1. kvartal 2024 og afholder telekonference 17. april 2024 Tryg offentliggør resultat for 1. kvartal 2024 den 17. april 2024 cirka kl. 07:30 CET. Telekonference Tryg afholder telekonference på offentliggørelsesdagen kl. 10:00 CET. Koncernchef Johan Kirstein Brammer, koncernfinansdirektør Allan Kragh Thaysen og koncerndirektør Mikael Kärrsten vil præsentere resultatet, hvorefter der vil være mulighed for at stille spørgsmål. Telekonferencen foregår på engelsk. Dato17. april 2024Tid10:00 CET Telefonnumre Pinkode+45 (DK) 78 76 84 90+44 (UK) 203 769 6819+1...
Tryg A/S will publish Q1 results 2024 and hosts a conference call on 17 April 2024 Tryg will publish the Group’s Q1 results for 2024 on 17 April 2024 at around 7:30 CET. Conference call Tryg will host a conference call on the day of the release at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen and CTO Mikael Kärrsten will present the results in brief, followed by a Q&A session. The conference call will be held in English. Date17 April 2024Time10:00 CET Dial-in numbers Pin code+45 (DK) 78 76 84 90+44 (UK) 203 769 6819+1 (US) 646 787 0157 560768 You can sign up for an e-mai...
Beslutninger på Tryg A/S´ ordinære generalforsamling 2024 Trygs ordinære generalforsamling blev afholdt i dag. På generalforsamlingen blev beretningen om selskabets virksomhed for regnskabsåret 2023 taget til efterretning. Endvidere godkendte generalforsamlingen følgende punkter: Trygs årsrapport 2023, herunder beslutning om decharge for direktion og bestyrelse.Beslutning om anvendelse af overskud i henhold til den godkendte årsrapport, idet årets resultat 3.851 mio. DKK overføres til egenkapitalen.Aflønningsrapporten for 2023.Honorarerne til bestyrelsen for 2024, herunder honorarer til b...
Resolutions from Tryg A/S’ annual general meeting 2024 (AGM) Tryg’s annual general meeting (AGM) was held today. At the AGM, the shareholders adopted the report of the group’s activities in the financial year 2023. The annual meeting also approved the following items: Tryg’s annual report 2023, including the resolution on discharge of the Executive Board and the Supervisory Board.Resolution to distribution of profits in accordance with the approved annual report as the profit for the year DKK 3,851m is transferred to the equity. The remuneration report for 2023.The remuneration for the...
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