1. Denmark Stocks

  2. •

    Financial Services

  3. •

    Insurance - Diversified
Tryg A/S

Tryg A/S

TRYG.CO
Tryg A/SDK flagNASDAQ Copenhagen
154.00
DKK
+1.20
- -
91.77BMarket Cap
Tryg A/S
TRYG.CO
(NASDAQ Copenhagen)

Recent

price

154.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
46.66
49.83
51.76
50.22
48.78
46.69
49.81
49.74
45.1
57.17
74.79
41.74
52.41
64.39
65.41
68.41
52.73
Revenue per Share
1.48
2.94
5.68
6.13
6.8
5.38
6.88
7.1
4.46
7.33
9.19
5.51
3.47
6.08
7.83
8.94
6.33
Basic EPS, GAAP
3.42
6.59
-0.14
-0.02
-0.65
- -
-0.38
-0.39
-14.77
-0.18
-0.12
-0.04
-0.08
-0.11
-0.01
- -
- -
Free Cash Flow per Basic Share
2.47
0.66
1.03
4.12
4.41
6.5
4.77
9.24
7.68
5.26
8.62
4.59
5.83
7.38
7.83
8.22
6.29
Dividend per Share
17.36
18.71
20.75
21.67
22.19
20.92
18.37
29.26
23.86
24.27
33.16
81.34
59.54
56.74
56.78
55.26
53.83
Book Value per Share
18.7
20.76
26.3
26.78
26.97
23.5
23.82
32.45
10.56
12.17
17.04
73.31
15.12
13.39
13.28
13.59
12.2
Tangible Book Value per Share
401
388
389
386
376
366
359
355
388
388
302
573
647
625
615
605
600
Basic Weighted Avg Shares
18,694
19,338
20,114
19,409
18,336
17,103
17,881
17,644
17,504
22,180
22,562
23,905
33,909
40,213
40,255
41,369
31,629
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
98
34
228
241
243
786
968
934
898
668
Depreciation Expense
593
1,140
2,208
2,369
2,557
1,969
2,471
2,517
1,731
2,843
2,773
3,158
2,247
3,794
4,816
5,405
3,794
Net Income, GAAP
28.16
28.38
27.74
20.72
22.86
16.88
23.23
22.23
23.39
21.58
21.69
20.1
26.35
23.42
23.61
25.06
24.95
Effective Tax Rate (%)
3.17
5.9
10.98
12.21
13.95
11.51
13.82
14.27
9.89
12.82
12.29
13.21
6.63
9.43
11.96
13.07
12
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
5,613
3,108
3,677
2,999
3,806
3,346
4,028
5,335
7,357
8,909
9,837
12,223
11,098
9,417
6,617
5,638
8,191
LT Debt
8,458
9,007
10,979
11,107
11,119
9,644
9,437
12,616
11,334
12,084
12,264
49,007
42,501
40,350
38,864
39,619
38,343
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
8.99
10.64
20.61
21.25
22.38
17.55
23.39
19.39
11.22
16.88
14.65
8.19
5.18
10.07
13.1
15.3
8.96
Return on Capital (%)
17.05
16.04
28.82
28.83
30.6
24.61
34.67
29.66
17.63
30.45
28.56
11.16
5.28
10.26
13.69
15.81
11.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
4,829
8,191
LT Finance Leases
- -
809
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
602
597
Market Capitalization
98,342
101,513
92,434

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
2,864
3,266
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30.9%
55.9%
1.94%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
15.1%
18.61%
12.23%
Sales/Revenue/Turnover
10.01%
13.85%
2.77%
Total Cash Common Dividend
12.46%
14.9%
3.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,606
10,154
11,217
9,278
40,255
2025
10,051
10,785
- -
10,322
41,369
2026
10,522
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.26
- -
- -
- -
7.83
2025
1.81
- -
- -
- -
8.94
2026
1.56
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.91
- -
- -
- -
7.83
2025
1.97
- -
- -
- -
8.22
2026
2.09
- -
- -
- -
- -
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Business
Tryg A/S, operating across Denmark, Norway, and Sweden, delivers a comprehensive array of insurance solutions to individuals, small and medium-sized enterprises, and larger corporate clients. The company structures its operations into distinct segments, including Private, Commercial, Corporate/Industry, and Sweden, catering to diverse customer needs. Tryg’s extensive product portfolio for private customers encompasses coverage for motor vehicles, home and contents, personal accident, travel, pets, and health, alongside specialized options for leisure boats. For its business clientele, offerings extend to property, liability, workers’ compensation, transport, group life, fire and contents, marine, aviation, cargo, credit, guarantee insurance, and surety bonds. The group utilizes a wide network of distribution channels, connecting with customers through call centers, online platforms, dedicated sales agents, franchisees, strategic partnerships including bancassurance agreements with institutions like Danske Bank, car dealerships, real estate agencies, and insurance brokers. Known brands under the Tryg umbrella include Tryg Forsikring, Alka, Enter Forsikring, Trygg-Hansa, Moderna, Moderna Djurförsäkringar, and Bilsport & MC. Tryg has maintained its position as a leading non-life insurer in Scandinavia, being the largest in Denmark and a prominent player in both Sweden and Norway. The company focuses on digital innovation, with over 60% of claims now initiated digitally, and actively integrates climate adaptation into its product development, aiming to align 30 product categories with EU Taxonomy criteria by 2027. Historically rooted in 1731, the modern iteration of the company was established in 2002 and is headquartered in Ballerup, Denmark. In recent years, Tryg has achieved an insurance service result of DKK 7,324 million in 2024 and targets DKK 8.0-8.4 billion by 2027, supported by a combined ratio target of around 81%. The company also launched a DKK 2 billion share buyback program in late 2024.