Overview of Tryg A/S Interim Report for Q2 and H1 2025
Tryg’s Supervisory Board has recently approved the interim report for Q2 and H1 2025, showcasing strong financial performance and solid growth in the insurance sector. The insurance service result came in at DKK 2,307m, an improvement from DKK 2,020m in the previous year, while the combined ratio stood at a remarkable 77.2% compared to 78.8% in Q2 2024. This growth reflects a continuous trend of underlying profitability improvement within the company.
Financial Highlights for Q2 and H1 2025
Key Metrics for Q2 2025
In Q2 2025, Tryg reported a robust insurance revenue growth of 4.0% in local currencies. Significant highlights include:
- Insurance service result of DKK 2,307m
- Combined ratio of 77.2%
- Expense ratio improved to 13.5%
- Investment result was DKK 110m
- Profit before tax registered DKK 2,035m
- Ordinary dividend rose to DKK 2.05 per share, up more than 5% from last year
- Solvency ratio reached 199%, an increase from 195% in the previous quarter
Half-Yearly Financial Performance
Looking at the first half of 2025, Tryg maintained its positive momentum with the following financial highlights:
- Insurance revenue growth of 3.9% in local currencies
- Insurance service result of DKK 3,846m
- Combined ratio improved to 80.7%
- Expense ratio remained stable at 13.4%
- Investment result totaled DKK 430m
- Profit before tax for H1 was DKK 3,526m
- Ordinary dividend of DKK 4.10 per share
- Solvency ratio maintained at 199%
Customer Satisfaction and Strategic Initiatives
Customer Satisfaction
In Q2 2025, Tryg achieved a customer satisfaction score of 82, surpassing the baseline score of 81 set in 2024, indicating the company’s commitment to enhancing customer experiences.
CEO Insights
CEO Johan Kirstein Brammer expressed confidence in Tryg's trajectory, noting, "In the past quarter, we have continued to strengthen our core business, allowing us to report a strong insurance service result for Q2 2025 and sustaining a solid combined ratio. Our customer satisfaction has increased, and we are seeing improvements in our underlying claims ratio. These results reflect our ongoing efforts to execute our 2027 strategy effectively."
New Accounting Policy and Conference Call
In March 2025, Tryg announced a change in its hedging strategy relating to inflation risk associated with long-tailed lines of business. As a result of these changes, comparison figures have been restated, including a notable impact on Q2 2024 figures. This restatement reallocated income between the insurance service result and the investment result without affecting the overall profit before tax.
Tryg will host a conference call today at 10:00 CET, featuring insights from CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen, and other executives. The event will conclude with a Q&A session, where participants can ask questions regarding the interim results.
Contact Information for Investor Relations
For further inquiries, interested parties may contact:
- Gianandrea Roberti, Head of Financial Reporting, SVP: +45 20 18 82 67, gianandrea.roberti@tryg.dk
- Robin Hjelgaard Løfgren, Head of Investor Relations: +45 41 86 25 88, robin.loefgren@tryg.dk
- Camilla Lercke Odgaard, Head of Communications, SVP: +45 53 39 23 84, camilla.lercke@tryg.dk
Frequently Asked Questions
What are Tryg A/S’s recent financial results for Q2 2025?
For Q2 2025, Tryg A/S reported an insurance service result of DKK 2,307m and a combined ratio of 77.2%.
How has customer satisfaction changed?
Tryg has seen an increase in customer satisfaction, improving to a score of 82 compared to a baseline score of 81 in 2024.
What is the ordinary dividend paid per share?
The ordinary dividend for Q2 2025 is DKK 2.05, which is an increase of over 5% from the previous year.
When is the conference call for the interim report?
The conference call will take place today at 10:00 CET, providing an overview of the results followed by a Q&A session.
How can stakeholders contact Tryg for more information?
Stakeholders can reach out to Gianandrea Roberti, Robin Hjelgaard Løfgren, or Camilla Lercke Odgaard for inquiries regarding the financial report.
