TrygVesta A/S is a Denmark-based insurance company. It is a parent company within the TrygVesta Group, which supplies insurance services in the Nordic countries. TrygVesta operates through five principal business areas. The Private and Commercial Denmark area and the Private and Commercial Norway area provide general insurance products for private customers, as well as small and medium-sized enterprises (SME) in Denmark and Norway respectively. The Norwegian sector also includes the Enter Forsikring segment, which sells insurance to private individuals. The Corporate area provides insurance for corporate customers in Denmark, Norway and Sweden. The Finnish general insurance area provides products for private household customers and small businesses in Finland. The Swedish general insurance area sells insurance products to private customers in Sweden. The Company’s products are sold mainly under the brands Tryg and TrygVesta.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, TrygVesta A/S's total revenue increased 4% to DKR12.95B. Net income for the period increased from DKR766M to DKR1.56B. Total revenue reflects an increase in gross premiums in Danish, Finnish and Swedish Geographical segments as well as an increase in ceded insurance premiums. Net income for the period benefited from a higher income from investment properties and positive value adjustments.