Tryg A/S
TGVSF
Other OTC23.75
USD
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Tryg A/S
TGVSF
(Other OTC)
Recent
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23.75
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yld
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ROIC.AI
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- Business
- Tryg A/S provides non-life insurance products and services to private individuals, small and medium-sized enterprises, and corporate customers primarily in Denmark, Norway, Sweden, and the United Kingdom. The company offers a broad portfolio including car, motorcycle, house, fire and contents, accident, travel, pet, health, property, liability, workers' compensation, transportation, group life, leisure boats, vintage cars, tourist assistance, credit and guarantee, marine, aviation, and cargo insurance; it sells these products through bancassurance, call centers, online platforms, sales agents, franchisees, car dealers, real estate agents, and insurance brokers under brands such as Trygg-Hansa, Tryg, Atlaantica, Bilsport & MC, and Moderna Djurförsäkringar. Tryg operates through Private, Commercial, Corporate, and Other segments, holding leading market positions with 22.4% share in Denmark, 14.7% in Norway, and 17.3% in Sweden, and serves approximately 5.3 million customers while handling around 1 million claims annually with its workforce of 7,000 employees. Founded in 1731 and headquartered in Ballerup, Denmark, Tryg traces its roots to the great fire of Copenhagen in 1728 and lists its shares on Nasdaq Copenhagen under the ticker TRYG. In recent developments, Tryg hosted a Capital Markets Day in December 2024, unveiling its new strategy "Leveraging scale to drive technical and commercial excellence" with 2027 financial targets including an insurance service result of DKK 8.0-8.4 billion, a combined ratio around 81, and return on own funds of 35-40%; the company de-risked its investment portfolio by selling DKK 7.4 billion in equities, corporate bonds, and alternatives in October-November 2024, replacing them with short-duration covered bonds, and launched a DKK 2 billion share buyback program. Tryg reported a Q3 2025 insurance service result of DKK 2,181 million with a combined ratio of 78.6%, reflecting 3.4% premium growth in local currencies and ongoing profitability improvements, alongside partnerships in Sweden such as agreements with Subaru, Carla, and expanded ties with Hedin Automotive to boost motor insurance exposure. Earlier synergies from the 2021 RSA acquisition, including Codan Norway, Trygg-Hansa, and 50% of Codan Denmark, reached DKK 547 million by mid-2023 toward a DKK 900 million target by end-2024, while the company advances a unified Nordic underwriting platform now used in 45% of cases, up from 30% in 2024.
Tryg A/S (TGVSY) Q1 2026 Earnings Call Transcript
Tryg A/S (TGVSY) Q4 2025 Earnings Call Transcript
Tryg A/S (OTCMKTS:TGVSF) Trading Up 0.5% – Here’s Why
Tryg A/S (TGVSF) Q3 2025 Earnings Call Transcript
Tryg A/S (TGVSF) Q2 2025 Earnings Conference Call Transcript
Tryg A/S (TGVSF) Q1 2025 Earnings Call Transcript
Tryg A/S (TGVSF) Q4 2024 Earnings Call Transcript
Tryg A/S (TGVSF) Q3 2024 Earnings Call Transcript
Tryg A/S (TGVSF) Q2 2024 Earnings Call Transcript
Tryg A/S (TGVSF) Q1 2024 Earnings Call Transcript
Tryg A/S (TGVSF) Q4 2023 Earnings Call Transcript
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