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Tryg A/S (TRYG.CO)

TRYG.CO on Copenhagen Stock Exchange

154.00DKK
3:59pm GMT
Change (% chg)

kr.2.10 (+1.38%)
Prev Close
kr.151.90
Open
kr.152.30
Day's High
kr.154.80
Day's Low
kr.152.30
Volume
468,817
Avg. Vol
399,560
52-wk High
kr.158.90
52-wk Low
kr.123.20

Latest Key Developments (Source: Significant Developments)

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

Tryg Q2 profit after tax DKK 734 mln, above expectations
Tuesday, 12 Jul 2016 

Tryg : Q2 profit after tax 734 million Danish crowns (Reuters poll 620 million crowns) . Q2 combined ratio 82.6 (Reuters poll 82.8) . Semi-annual dividend of 2.60 crowns (2.50 crowns) and solvency ratio of 206 (193 including Skandia) . In 2016, weather claims and large claims, net of reinsurance, are expected to be 500 million Danish crowns ($74.49 million) and 550 million crowns, respectively, which is unchanged relative to 2015 . Financial targets 2017 are return on equity of ≥21 pct after tax, combined ratio ≤87, expense ratio ≤14 .Premium growth for 2016 will probably be at low end of previously communicated premium growth outlook of between 0 pct and 2 pct.  Full Article

Tryg sees claim from Norwegian union of up to $45 mln
Thursday, 19 May 2016 

Tryg : Says Tryg Forsikring has received notice of an action from Finansforbundet in Norway (the Finance Sector Union of Norway) on behalf of a group of pensioners . Says the action concerns the adjustment in the pension schemes of Norwegian employees made in 2014 . Says Finansforbundet has not yet quantified the claim, but according to Tryg’s preliminary calculations, the claim will not exceed a maximum of about 0.3 billion Danish crowns ($45.3 million) after tax for the persons affected by the adjustment . Says does not agree that the adjustment was wrongful and expects an action to be resolved in court and does not expect a ruling to be made for the next 1.5 – 2 years .Says in Q1 its solvency ratio was 212. A possible loss of 0.3 billion crowns would result in a solvency ratio of 206.  Full Article

Tryg assigned 'a2' rating by Moody's
Friday, 29 Apr 2016 

Tryg A/S:Says has been assigned an 'a2' rating by Moody's.Additionally, Moody's has assigned a Baa1 rating on the subordinated debt issued by Tryg Forsikring.The ratings of the issuers have a positive outlook.Says has decided to terminate the rating agreement with Standard & Poor's.  Full Article

BRIEF-Tryg Completes Share Issue​

* ‍AFTER CAPITAL INCREASE, SHARE CAPITAL OF TRYG WILL CONSIST OF 302,147,991 SHARES WITH A NOMINAL VALUE OF DKK 5.00 EACH.​