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Tryg A/S (TRYG.CO)

TRYG.CO on Copenhagen Stock Exchange

150.80DKK
1:50pm IST
Change (% chg)

kr.0.60 (+0.40%)
Prev Close
kr.150.20
Open
kr.150.60
Day's High
kr.151.10
Day's Low
kr.150.40
Volume
72,982
Avg. Vol
530,311
52-wk High
kr.158.90
52-wk Low
kr.137.50

Latest Key Developments (Source: Significant Developments)

Danish insurer Tryg launches its first service in Germany - CEO
Wednesday, 11 Apr 2018 

April 11 (Reuters) - Tryg A/S chief executive Morten Hubbe says in telephone interview with Reuters::Q1 TOP LINE GROWTH WAS THE HIGHEST IN SIX YEARS, DRIVEN BY THE DANISH PRIVATE CUSTOMER SEGMENT.IN Q1 THE COMPANY FOR THE FIRST TIME RECEIVED MORE CUSTOMER REQUESTS DIGITALLY THAN VIA TELEPHONE.THE TOP LINE IS GROWING AGAIN IN THE PRIVATE SEGMENT IN NORWAY AFTER WEAK DEVELOPMENT IN 2016 AND 2017.CUSTOMERS IN THE INDUSTRY SEGMENT IN NORWAY HAVE RECEIVED THE PRICE INCREASES IN Q1 MUCH BETTER THAN EXPECTED.TRYG HAS LAUNCHED ITS GUARANTEE BUSINESS IN GERMANY IN 2018 IN FIRST EXPANSION OUTSIDE THE NORDIC REGION.  Full Article

Tryg Group CFO Christian Baltzer Leaves Co
Friday, 6 Apr 2018 

April 6 (Reuters) - TRYG ::GROUP CFO CHRISTIAN BALTZER LEAVES TRYG A/S.WILL REMAIN IN HIS POSITION IN TRYG UNTIL 14 OCTOBER 2018.‍CHRISTIAN BALTZER RESIGNED FROM HIS POSITION AS GROUP CFO IN TRYG A/S IN ORDER TO TAKE ON POSITION AS CFO AT DANSKE BANK.​.TRYG WILL NOW BEGIN PROCESS OF FINDING A NEW GROUP CFO..  Full Article

Danske Bank Picks New CFO From Insurer Tryg, Expands Executive Board
Friday, 6 Apr 2018 

April 6 (Reuters) - Danske Bank A/S ::DANSKE BANK CHANGES ITS ORGANISATION AND EXPANDS ITS EXECUTIVE BOARD.SAYS ‍AS JACOB AARUP-ANDERSEN IS APPOINTED NEW HEAD OF WEALTH MANAGEMENT, CHRISTIAN BALTZER WILL BE APPOINTED NEW CFO​.SAYS ‍CHRISTIAN BALTZER WILL TAKE UP HIS POSITION AS CFO ON 15 OCTOBER 2018​.SAYS ‍PERSONAL BANKING AND BUSINESS BANKING, WHICH CURRENTLY OPERATE AS SEPARATE BUSINESS UNITS, ARE MERGED INTO COUNTRY ORGANISATIONS WITHIN TWO NEW UNITS; BANKING DK AND BANKING NORDIC (NORWAY, SWEDEN AND FINLAND)​.SAYS ‍WILL EXPAND ITS EXECUTIVE BOARD BY FOUR MEMBERS, AS HENRIETTE FENGER ELLEKROG (GROUP HR), JAKOB GROOT (C&I), FREDERIK GJESSING VINTEN (GROUP DEVELOPMENT) AND CHRISTIAN BALTZER (CFO AREA) ARE APPOINTED EXECUTIVE BOARD MEMBERS​.  Full Article

Tryg Completes Share Issue​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Tryg ::‍AFTER CAPITAL INCREASE, SHARE CAPITAL OF TRYG WILL CONSIST OF 302,147,991 SHARES WITH A NOMINAL VALUE OF DKK 5.00 EACH.​.‍OFFERING OF 27,400,000 NEW SHARES IN TRYG A/S HAS BEEN SUCCESSFULLY EXECUTED​.  Full Article

Tryg launches private placement of 24.7 million new shares
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - TRYG A/S ::TRYG A/S ANNOUNCES A PRIVATE PLACEMENT OF SHARES IN RELATION TO THE FINANCING OF THE ACQUISITION OF ALKA FORSIKRING.HAS TODAY DECIDED TO LAUNCH AN OFFERING OF NEW SHARES THROUGH A PRIVATE PLACEMENT OF UP TO 27,400,000 NEW SHARES TO BE ISSUED BY TRYG .IN THE PRIVATE PLACEMENT, THE NEW SHARES WILL BE PLACED AT MARKET PRICE .THE MARKET PRICE WILL BE ESTABLISHED THROUGH AN ACCELERATED BOOK-BUILDING PROCESS, WHERE ALL NEW SHARES OFFERED BY TRYG IN THE PRIVATE PLACEMENT WILL BE SUBSCRIBED FOR AT THE SAME PRICE PER SHARE.TRYG WILL IN CONNECTION WITH THE PRIVATE PLACEMENT BE ASSISTED BY NORDEA AS SOLE BOOKRUNNER.TRYGHEDSGRUPPEN SMBA (THE LARGEST SHAREHOLDER IN TRYG) HAS OFFERED TO SUBSCRIBE PRO-RATA FOR 60% OF THE NEW SHARES .FURTHERMORE, TRYGHEDSGRUPPEN HAS COMMITTED TO UNDERWRITE ALL SHARES AT DKK 146 PER SHARE .  Full Article

Tryg acquires Alka Forsikring
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Tryg ::ACQUIRES ALKA FORSIKRING.- ‍TOTAL CONSIDERATION OF DKK 8.2BN​.- ‍IDENTIFIED MERGER BENEFITS IN COMBINED ENTITY OF DKK 300M, TO BE DELIVERED BY 2021​.TRANSACTION IS EXPECTED TO CLOSE DURING H1 2018, FOLLOWING A PERIOD OF REGULATORY APPROVAL.‍IDENTIFIED MERGER BENEFITS IN COMBINED ENTITY OF DKK 300M, TO BE DELIVERED BY 2021​.- ‍WILL FINANCE TRANSACTION BY ISSUING UP TO 10% OF CURRENT SHARES OUTSTANDING IN AN EQUITY PLACING THROUGH ABB.‍WILL FINANCE TRANSACTION BY ISSUING UP TO 10% OF CURRENT SHARES OUTSTANDING​.‍SAYS SIGNIFICANT LONG TERM POTENTIAL TO INCREASE ORDINARY DIVIDENDS​.- ‍SHARE PLACEMENT TO RAISE APPROXIMATELY DKK 4BN​.‍REDUCTION IN OVERLAPPING LABOUR COSTS WILL MOSTLY BE DELIVERED THROUGH NATURAL ATTRITION ACROSS COMBINED ENTITY​.  Full Article

Tryg ‍Confirms A Potential Acquisition Of Alka.​
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Tryg ::‍CONFIRMS THAT TRYG IS IN A DIALOGUE CONCERNING A POTENTIAL ACQUISITION OF ALKA.​.SAYS ‍FURTHER INFORMATION WILL BE PROVIDED IN DUE COURSE.​.- ‍COMMENTS ON ALKA ACQUISITION RUMOURS​.  Full Article

Danish insurer Tryg in talks about potential acquisition of Alka
Saturday, 2 Dec 2017 

Dec 2 (Reuters) - TRYG A/S ::FOLLOWING THE RECENT PRESS SPECULATION, TRYG HEREBY CONFIRMS THAT TRYG IS IN A DIALOGUE CONCERNING A POTENTIAL ACQUISITION OF ALKA.FURTHER INFORMATION WILL BE PROVIDED IN DUE COURSE..  Full Article

Tryg targets technical result of DKK 2.8 bln for 2020
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Tryg A/S ::Tryg A/S – New Financial Targets And Capital Markets Day In London .Tryg - ‍has defined new financial targets for 2020​.‍defined new financial targets for 2020​.Tryg - ‍technical result of dkk 2.8bn is targeted for 2020 driven by a combined ratio of 87 or lower and an expense ratio around 14​.‍technical result of dkk 2.8bn is targeted for 2020​.Tryg - ‍run-off gains are estimated to be between 3%- 5% in 2020 against a current level of 6%-7%​.Tryg - ‍return on equity target is lifted from 21% or above to 23% or above after tax​.‍tryg's supervisory board decides to propose extraordinary dividend of dkk 1 bn corresponding to dkk 3.6 per share​.  Full Article

Tryg Q3 profit after tax at DKK 671 million
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - TRYG ::‍Q3 DIVIDEND OF DKK 1.60 PER SHARE AND SOLVENCY RATIO OF 211​.Q3 NL COMBINED RATIO 82.6‍​ PERCENT (REUTERS POLL 83.5 PERCENT).Q3 GROSS PREMIUM INCOME DKK ‍​4.58 BILLION (REUTERS POLL DKK 4.57 BILLION).Q3 PROFIT AFTER TAX DKK ‍​671 MILLION (REUTERS POLL DKK 677 MILLION).TARGET FOR 2017 IS COMBINED RATIO ≤87‍​.TARGET FOR 2017 IS RETURN ON EQUITY OF ≥21% AFTER TAX‍​.  Full Article

BRIEF-Tryg To Issue Notes For SEK 700 Million

* HAS ACCORDINGLY DECIDED TO ISSUE NOTES FOR AN AMOUNT OF SEK 700 MILLION (APPROXIMATELY DKK 500 MILLION)