- Tryg’s profit after tax for the first quarter exceeded estimates, coming in at DKK776 million against the estimated DKK735.6 million.
- The company reported a combined ratio of 86.6%.
- Gross premiums were slightly less than estimated – DKK9.53 billion against the projected DKK9.56 billion.
- The pretax profit was lesser than anticipated – DKK1.01 billion compared to the estimated DKK1.06 billion.
- Tryg’s dividend per share marginally surpassed estimates, being DKK1.95 against the estimated DKK1.94.
- Net income was also more than expected, coming in at DKK776.0 million against an estimated DKK735.6 million.
- The company remains on track to achieve its 2024 target for Insurance Service Result.
- The firm currently has 16 buys, 1 hold, and 1 sell.
A look at Tryg A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tryg A/S, a company providing general insurance services across Sweden, Denmark, and Norway, is facing a mixed long-term outlook based on Smartkarma Smart Scores. While the company receives a high score of 5 for its dividend, indicating a strong payout to investors, its value score stands at 4, suggesting a moderately favorable valuation. Growth, resilience, and momentum scores for Tryg A/S are rated at 3, highlighting a balanced but not exceptional performance in these areas. Overall, the company demonstrates stability and consistency in its operations, particularly in dividend distribution, which could appeal to income-focused investors.
In summary, Tryg A/S operates in the general insurance sector, serving customers in private, commercial, and corporate segments with a focus on the Nordic region. The company’s Smartkarma Smart Scores highlight its strengths in providing consistent dividends and maintaining a solid value proposition. However, moderate scores in growth, resilience, and momentum indicate areas where Tryg A/S may need to enhance its performance to attract investors seeking higher returns and growth opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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