Tryg A/S Reports Strong Financial Performance in Q2 2025

Tryg A/S Quarterly Performance Overview

Tryg's Supervisory Board has approved the interim report for the second quarter and first half of 2025. The results highlight significant financial achievements, demonstrating the company's stability and growth despite market fluctuations.

Financial Highlights of Q2 2025

Tryg reported impressive financial figures for Q2 2025, showcasing an insurance service result of DKK 2,307 million, up from DKK 2,020 million. The adjusted combined ratio stood at 77.2%, indicating continued efficiency in operations. This result reflects a growth of 4.0% in local currencies, underpinned by ongoing improvements in underlying profitability and cost management.

Investment Results and Profit

While the investment result for the quarter was reported at DKK 110 million, a decline from DKK 538 million in the previous year, the pre-tax profit reached DKK 2,035 million, slightly down from DKK 2,129 million. The profit after tax was recorded at DKK 1,531 million, as compared to DKK 1,642 million last year. The management was pleased with the ordinary dividend declared for this quarter at DKK 2.05 per share, representing a growth of more than 5% from the previous year's dividend of DKK 1.95.

First Half (H1) Financial Performance

For the first half of 2025, Tryg also reported strong figures with a total insurance service result of DKK 3,846 million, improving from DKK 3,300 million in H1 2024. The combined ratio improved to 80.7%, indicating a solid operational performance. Moreover, the overall insurance revenue growth for the first half is noted at 3.9% in local currencies.

Key Financial Comparisons

The figures for H1 2025 demonstrate an expense ratio of 13.4%, bettering the 13.6% from the previous year. However, the net investment result has decreased to DKK 430 million, down from DKK 650 million. The management remains optimistic regarding the sustainability of these results, further supported by a solvency ratio of 199%.

Customer Satisfaction Gains

One of the standout features of Tryg's performance this quarter is the improvement in customer satisfaction, achieving a score of 82, up from a baseline of 81 for 2024. This metric is crucial as it reflects the company's dedication to enhancing customer experience and maintaining strong relationships.

CEO's Statement

Johan Kirstein Brammer, the CEO of Tryg Group, commented on the results: "We have continued to strengthen our core business, allowing us to report a strong insurance service result for Q2 2025 and maintaining a solid combined ratio. Our initiatives across various markets, particularly focusing on profitability in Norway and maintaining control over our motor portfolio, have borne fruit, and customer satisfaction is a critical focus for us going forward."

Summary of Adjusted Financial Figures

In March 2025, Tryg announced changes to its inflation risk hedging strategy affecting long-tailed lines of business. As a result, certain comparison figures have been restated. Q2 2024 was significantly affected by the changes, although the overall profit/loss remains unchanged. The adjustment allowed for a clearer reflection of financial performance in the current and previous periods.

Conference Call Information

To discuss these results further, Tryg hosted a conference call on the day of the announcement. The CEO, along with other key executives, provided insights into the results and engaged in a question-and-answer session with investors and analysts.

Contact Information

For any inquiries regarding the interim report, the following contacts are available:
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 was the significant highlight of Tryg's Q2 2025 report?

The significant highlight was the strong insurance service result, which reached DKK 2,307 million, demonstrating solid growth compared to the previous year.

How did Tryg perform compared to H1 2024?

Tryg reported better results in H1 2025 with an insurance service result of DKK 3,846 million, compared to DKK 3,300 million in H1 2024.

What is the new ordinary dividend per share for Q2 2025?

The ordinary dividend per share for Q2 2025 was increased to DKK 2.05, reflecting a growth of more than 5% compared to DKK 1.95 in the previous year.

What customer satisfaction score did Tryg achieve in Q2 2025?

Tryg achieved a customer satisfaction score of 82 in Q2 2025, up from a baseline of 81 in 2024.

What does the solvency ratio indicate for Tryg?

The solvency ratio of 199% indicates Tryg's strong financial resilience and capacity to meet future obligations to shareholders.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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