Annual report 2011

DJ DGAP-UK-Regulatory: Annual report 2011 Tryg A/S / Annual Financial Report

08.02.2012 17:02

Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =

Tryg's Supervisory Board has today approved the annual report 2011.

With a technical result of DKK 1,534m and a result after tax of 1,140m, Tryg took another step towards achieving the mid-term target of a return on equity of 20% after tax. The result is satisfactory and is achieved in a year impacted by storms and cloudbursts and turbulence on the financial markets.

Highlights 2011

Profit after tax for the year was DKK 1,140m, compared to DKK 593m in 2010.

Technical result of DKK 1,534m, compared to DKK 375m in 2010. Combined ratio of 93.5, against 98.8 in 2010. The year was impacted by storm and cloudburst claims, which amounted to SKK 1.6bn, as against DKK 291m in 2010. The cloudburst in the Copenhagen area on 2 July resulted in expenses before reinsurance of DKK 1.2m and affected the result by DKK 196m. Higher level of large claims than in 2010: DKK 858m, as against DKK 813m. The expense ratio improved from 17.0 to 16.8. Return on equity after tax of 13.1%, as against 6.6% in 2010. Cash dividend of DKK 400m, equivalent to DKK 6.52 per share.

Highlights Q4 2011

Profit after tax of DKK 334m. Technical result of DKK 271m. Combined ratio of 95.5. The quarter was effected by claims costs arising from storms Berit and Dagmar, with weather claims totalling DKK 305m. A high level of large claims totalling DKK 398m. Expense ratio of 17.4.

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08.02.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: Tryg A/S . . . Denmark Phone: . Fax: . E-mail: . Internet: . ISIN: DK0060013274 Category Code: ACS LSE Ticker: 0GBV Sequence Number: 983 Time of Receipt: Feb 08, 2012 17:02:09

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(END) Dow Jones Newswires February 08, 2012 11:02 ET (16:02 GMT)