- Insurance Service Results: Tryg reported a 3Q insurance service result of DKK2.13 billion, exceeding the estimate of DKK2.08 billion.
- Profit Metrics: Profit after tax was DKK1.61 billion, above the expected DKK1.56 billion. The pretax profit was DKK2.13 billion, beating the estimate of DKK2.02 billion.
- Combined Ratio: The combined ratio was 78.2%, better than the estimated 79%.
- Dividend: The dividend per share was DKK1.95, slightly higher than the estimated DKK1.94.
- Revenue: Insurance revenue totaled DKK9.79 billion, surpassing the expected DKK9.76 billion.
- Year Forecast: Tryg continues to forecast an insurance service result between DKK7.2 billion to DKK7.6 billion, with an anticipated combined ratio up to 82%.
- Comments on Claims: The company benefited from lower weather and large claims compared to the previous year. The underlying claims ratio improved by 30 basis points due to profitability measures.
- RSA Scandinavia Synergies: Achieved synergies of DKK58 million in the quarter, accumulating to DKK864 million.
- Analyst Ratings: 16 buy ratings, 2 hold ratings, and 0 sell ratings for Tryg.
“`
A look at Tryg A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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 offering general insurance services across Sweden, Denmark, and Norway, has a promising long-term outlook based on the Smartkarma Smart Scores. With a strong score in Dividend, Growth, Resilience, and Momentum, Tryg A/S is positioned for stability and potential growth in the insurance sector. This indicates that the company is likely to offer attractive dividend payouts to investors, exhibit resilience in challenging market conditions, and maintain a positive growth trajectory in the future. While the Value score is middling, the overall positive scores across other factors bode well for Tryg A/S‘s future prospects.
Tryg A/S‘s Smartkarma Smart Scores highlight its solid performance in key areas essential for long-term success in the insurance industry. Investors looking for a company with a steady dividend, growth potential, resilience to market fluctuations, and positive momentum may find Tryg A/S an appealing investment opportunity. Operating in multiple countries and offering a range of general insurance products, including guarantee insurances in the Nordic region through its subsidiary, Tryg A/S demonstrates a diversified business model that could further support its growth and profitability in the years to come.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
