Tryg’s Supervisory Board has today approved the interim report for Q2 and H1 2018.

Premium growth of 4.9% in local currencies, technical result of DKK 846m (DKK 810m) despite a DKK 76m increase in large claims, investment income of DKK -90m (DKK 131m) driven by lower equity returns and turbulence in the fixed-income market. Profit before tax of DKK 735m (DKK 915m). Quarterly dividend of DKK 1.65 per share supporting TryghedsGruppen’s 8% member bonus. Solvency ratio of 292 or 207 when adjusted for the capital raised for the acquisition of Alka. As previously communicated, Tryg expects a solvency ratio of approximately 170, when the Alka acquisition is finalised.

Financial highlights Q2 2018

• Premiums growth of 4.9% (2.0%) in local currencies • Technical result of DKK 846m (DKK 810m) driven by a combined ratio of 81.4% • Underlying claims ratio (Private and Group) improved by 0.4% and 0.4% • Expense ratio of 14.1 (14.3) • Investment return of DKK -90 (DKK 131m) • Profit before tax of DKK 735m (DKK 915m) • Q2 dividend of DKK 1.65 per share and solvency ratio of 292

Financial highlights H1 2018

• Premiums growth of 3.5% (1.8%) in local currencies • Technical result of DKK 1,409m (DKK 1,378m) driven by a combined ratio of 84.3% • Underlying claims ratio (Private and Group) improved by 0.5% and 0.4% • Expense ratio of 14.1 (14.3) • Investment return of DKK -81 (DKK 354m) • Profit before tax of DKK 1,288m (DKK 1,694m) • H1 dividend of DKK 3.30 per share (DKK 1.65 paid in April. DKK 1.65 to be paid on 13 July)

Customer highlights Q2 2018

• TNPS of 64 (57) • Number of products per customer 3.6 (3.4) • TryghedsGruppen paid a bonus of 8% to its members for the third year in a row

Statement by Group CEO Morten Hübbe:

We deliver a technical result, which is more than 4% above the Q2 2017 result despite significantly higher large claims. Premium growth of 4.9% for the Group driven primarily by the Private segment and portfolio acquisitions is particularly noteworthy.

Our retention level is improving across all segments in Denmark and Norway, and it has reached the highest level in the last seven years in Private Denmark.

We continue to intensify our focus on digitalisation, 57% of all customer enquiries are now digital - a trend that is accelerating fast. Furthermore, we continue to develop new innovative insurance solutions through Tryg Xplore - a cooperation with start-ups in Europe making it easier to be tryg, strengthen our core business and generate new sources of revenue.

Finally, I am pleased that for the third year running, TryghedsGruppen has paid a bonus equaling to 8% of premiums paid in 2017 to approximately 850,000 of our Danish customers. The bonus awareness continues to improve and is 10% higher for Tryg customers compared to June 2017. Awareness from non-Tryg customers increased by more than 60%, from a low starting point. We will continue to work to increase awareness for both Tryg customers and non-Tryg customers.

Conference call Tryg hosts a conference call today at 10:00 CET. CEO Morten Hübbe and CFO Christian Baltzer will present the results in brief followed by Q&As.

The conference call will be held in English. An on-demand version will be available shortly after the conference call has ended.

Conference call details: Danish participants: +45 35 44 55 83 UK participants: +44 (0) 203 194 0544 US participants: +1 855 269 2604

All Q2 material can be downloaded on  tryg.com/Investor/Downloads shortly after the time of release.

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