KBW European Financials Conference. Download presentation 1. on tryg.com. London, 19 September Tor Magne Lønnum - CFO
|
|
- Pauline Harvey
- 5 years ago
- Views:
Transcription
1 KBW European Financials Conference London, 19 September 2012 Tor Magne Lønnum - CFO Download presentation 1 on tryg.com
2 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the management. Forward-looking statements (other than statements of historical fact) regarding our future results of operations, financial condition, cash flows, business strategy, plans and future objectives can generally be identified by terminology such as targets, believes, expects, aims, intends, plans, seeks, will, may, anticipates, continues or similar expressions. A number of different factors may cause the actual performance to deviate significantly from the forward-looking statements in this presentation including but not limited to general economic developments, changes in the competitive environment, developments in the financial markets, extraordinary events such as natural disasters or terrorist attacks, changes in legislation or case law and reinsurance. We urge you to read our annual report available on tryg.com for a discussion of some of the factors that could affect our future performance and the industry in which we operate. Should one or more of these risks or uncertainties materialise or should any underlying assumptions prove to be incorrect, our actual financial condition or results of operations could materially differ from that described herein as anticipated, believed, estimated or expected. We are not under any duty to update any of the forward-looking statements or to conform such statements to actual results, except as may be required by law. 2
3 Tryg at a glance Tryg goes back to 18th century The current Tryg was formed in 2002 by sale of Nordea s non-life activities with a continuing strategic partnership Non-life insurance in the Nordics Gross premium split by products Motor - TPL Motor - casco Workers' comp. Health & accident 4.4 Liability 12.5 Fire & property - private 10.7 Fire & property - comm Other IPO Oct on Nasdaq OMX Cph Majority owner: TryghedsGruppen (60%) a mutual foundation rooted in DK Turnover 2011: DKK 20.6bn (~EUR 2.8bn) CEO: Morten Hübbe 4,318 employees Gross premium split by geography Norway Market position: #3 Market share: 16.1% CR in 2011: 93.4 Sweden Market position: #5 Market share: 3.9% CR in 2011: Finland Market share: 2.2% CR in 2011: Denmark Norway Sweden Finland Denmark Market position: #1 Market share: 20.7% CR in 2011:
4 Structure of the Nordic insurance markets Denmark DKK 47.8bn/ EUR 6.4bn (Q2 11) Norway NOK 46.5 bn/ EUR 6.0bn (Q1 12) If 5.8 Other 27.4 Other 19.6 Tryg 16.1 Gjensdige 5.7 Tryg 20.7 Sparebank1 Percent 11.3 Alm. Brand Nordic 9.8 EUR 21.6bn (Q4 10) Codan 12.6 Topdanmark 18 Topdanmark 5.3 Other 38.5 Gjensidige 26 Percent If 25 Sweden SEK 63.4bn/ EUR 7.0bn (Q1 12) Other 15.8 Gjensidige 1.2 Moderna 3.9 Länsförsäkringar 8.5 Gjensidige 9.1 Codan 9.4 Percent If 17.4 Tryg 11.8 Finland EUR 3.7bn (Q4 11) Other 17.6 Tryg 2.2 Folksam Länsforsäkringar Fennia Percent 28.4 Percent If 23.9 Codan 15.9 If 18.8 Tapiola 18 Pohjola
5 5 Short term results - Q2 2012
6 Highlights Q Pre-tax profit up by 45% and technical result up by 65% Pre-tax profit of DKK 708m (DKK 487m). Technical result of DKK 835m (DKK 507m). Positive impact from weather and large claims and reinsurance. CR improvement of 6.6 pp to DKKm 1,500 1, Pre-tax profit ,429 Lower interest rate level affected CR negatively by 1.4 pp. Premium growth of 0.3% (1.3% in DKK). Return of DKK 41m in match portfolio. Return of 0.8% in the free portfolio. Revaluation of own domiciles. Return on equity of 21.5% after tax. S&P reconfirmed A-/stable rating DKKm Q Q H H Combined ratio Q Q H H Investment after technical interest Q Q H H
7 Moderate premium growth better balanced technical result Moderate growth as expected of 0.3% in local currency (1.3% in DKK). Positive impact from price increases - negative impacted from a reduction in Commercial portfolio. Private up 1.6% in local currency (2.9% in DKK). Positive impact from price increases and higher retention level in Norway. Technical result grew from DKK 507m to DKK 835m; positively impacted by price increases and better balanced contribution from all areas. Gross earned premiums, DKKm Technical result, DKKm 6,000 5,000 4,000 3,000 2,000 1, ,313 1, ,338 2,405 Q2 11 Q2 12 1, Total Total Q2 11 Q2 12 Private Commercial Corporate Sweden/Finland Privat Corporate Commercial Sweden/Finland 7
8 Large claims, weather claims and run-off - Run-off impacted by extraordinary reinsurance recovery Large claims, gross DKKm Weather claims, DKKm 1, ,800 1, Expected full year level H1 11 H (Gross) 2011(Net) H1 11 H1 12 Q1 Q2 Q1 Q2 1, Expected full year level Run-off net, DKKm Run-off net, effect on combined ratio 1, H1 11 H1 12 Q1 Q2 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 4.9% 4.7% 4.6% 4.6% 4.2% 3.8% Q1 12 Q % 5.0% Excl. extraordinary impact from sidways reins. recovery 8
9 9 Longer term development
10 New value drivers Premium increases Size/influence Cost reductions Premium increases Commercial initiatives Premium increases Cost reductions New House Insurance Commercial initiatives New House Insurance Premium increases New Nordic Contents Next Level Sourcing Next Level Sourcing
11 Retention remains high and average premiums going up Private - retention rate Car insurance average premium (index 2005 = 100) 92% 90% Average premium growth in past 12 months 0% 6.3% 88% % 84% 90 82% Q3 05 Q2 06 Q1 07 Q4 07 Q3 08 Q2 09 Q1 10 Q4 10 Q3 11 Q Commercial - retention rate House insurance average premium (index 2005 = 100) 11 92% 90% 88% 86% 84% 82% Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q Average premium growth in past 12 months 8.7% 6.2%
12 Combined ratio performance Premium hikes Premium hikes Annual impact from price increases 2012 DKK ~1.0bn Smaller adjustments * H H price increases of DKK 2.1bn implemented. Reduced combined ratio from 107 to 94 (DK GAAP). Reductions in costs and claims expenses will improve combined ratio going forward. *IFRS from Previous years are Danish GAAP. Data before 2009 is not corrected for the sale of Marine Hull business. 12
13 Follow up on cost reduction programme - Q Next level sourcing starting to deliver No. of employees 5,000 4,000 3,000 4, ,4 50 4,310 4,291 4,318 4, , , , ,3 13 Targeted and achieved savings in expenses DKKm From FTE reductions in Group Finance ,000 1,000 2,356 2,293 2,342 2,308 2, Q Denmark Norway Sweden Finland Group Total savings expenses Achieved Target % Car - Claims repair and referrals DK 75 Increased from 47 to 65% Targeted and achieved savings on claims DKKm Jan- 11 Apr - 11 Jul- 11 Okt 11 Jan- 12 Apr - 12 Jul- 12 Total savings on claims Achieved Target 13
14 Assets allocation Total assets Q Equities 7 Percentage Real estate Cov. Bonds Govt. Bonds 71 Bank deposits/bonds High yield Free portfolio Q Match portfolio Q Equities Percentage Real estate Bank deposits/bonds Govt. Bonds High yield Cov. Bonds 8 Percentage 80 Cov. Bonds Govt. Bank deposits/bonds 14
15 Capitalisation S&P model IS model Capital buffer based on S&P s capital model increased to 13% (Q1: 9%) and impacted by: DKKm 12,000 10,000 13% buffer Strong Q result Strengthening of pension obligation in Norway of DKK 143m post tax. 8,000 6,000 TAC S&P A-level Available capital S&P A-level Buffer (5%) Surplus capital 37% buffer IS requirement Lower capital requirement related reallocation of bond portfolio to better rating classes. Capital buffer based on the Individual Solvency (IS) model increased to 37% (Q1: 26%). Pension scheme Norway - discounting rate % Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q
16 Growth consumes capital DKKm 21,000 20,000 19,000 18,000 17,000 16,000 15,000 Gross earned premiums DKKm Capital 11,000 10,000 9,000 8,
17 Combined ratio target % < < 90 CR at 90 or below from Q ROE 20% CR target Uncertainty CR target Q Expense/claims initiatives Claims inflation above CPI Weather and large claims Legislation etc (WC, taxes..) Interest ROE after tax 40% 30% 20% 10% 0% ROE target H H1 2012
18 Discounting effect lower in Q2 12 vs. Q2 11 % % increase in interest rate level will: Increase pre-tax result by around DKK 300m. Improve combined ratio by approx. 1 pp. Lower NO pension obligation affecting capital base by around DKK 300m. 18
19 Payout model - transparent but unstable Tryg s payout model has been transparent, but has also been vulnerable to: Fluctuations in technical and investment result Change in interest rates (effect on Norwegian pension scheme) DKK per share Shareholder remuneration Average Payout DKK 1.3bn Payout ratio 76% Per share DKK Cash dividend Share buy back
20 Summary From growth to profitability focus Claims costs - Reductions of DKK 700m and claims ratio target, net <75% Expenses Reductions of DKK 300m and expense ratio target <15% in 2015 Combined ratio at 90 or below from Q Strong capital position Aiming for a more stable payout model 20
21 Q&A Follow us on
Carnegie Seminar Stockholm 7 September IR Manager Lars Møller. Presentation can be downloaded at
Carnegie Seminar Stockholm 7 September 2011 IR Manager Lars Møller Presentation can be downloaded at www.tryg.com Disclaimer Certain statements in this presentation are based on the beliefs of our management
More informationMorgan Stanley Conference Morten Hübbe Group CEO. 31 March Presentation can be downloaded at
Morgan Stanley Conference Morten Hübbe Group CEO 31 March 2011 Presentation can be downloaded at www.tryg.com Disclaimer Certain statements in this presentation are based on the beliefs of our management
More informationDDFs Virksomhedsdag Finansanalytikerforeningens Virksomhedsdag 2008 CFO Morten Hübbe
1 Finansanalytikerforeningens Virksomhedsdag 2008 CFO Morten Hübbe Facts about TrygVesta 2 Shares outstanding 68m Market cap DKK 26bn (USD 5.4bn) Danish institutions 15% Non-Danish institutions 7% Smaller
More informationQ results. Webcast presentation. Follow us on
Q3 2015 results Webcast presentation Follow us on Twitter: @TrygIR Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information
More informationInvestor meetings. March Visit for further information
Investor meetings March 2007 Visit www.trygvesta.com for further information 1 Contents Highlights 2006......3 Claims and run-off..8 Business areas...10 Outlook, capital and dividend..20 Outlook 2007.23
More informationBuilding a world class insurer
Building a world class insurer CEO Morten Hübbe Berenberg European Conference 3 December 2014 Download presentation on tryg.com Disclaimer Certain statements in today s presentations are based on the beliefs
More informationCMD Agenda, 30 May 2013
CMD Agenda, 30 May 2013 12.30-12.45 Welcome - Kari Stadigh, Group CEO and President, Sampo Group 12.45-13.15 Torbjörn Magnusson, Head of P&C Insurance, Sampo Group 13.15-13.45 Christian Sagild, CEO of
More informationTryg - Aiming for world class. Capital Markets Day London, 5 November 2014
Tryg - Aiming for world class Capital Markets Day London, 5 November 2014 1 Agenda 9:00 9:30 Registration and coffee 9:30 Targets and initiatives Follow up on CMD 2012 targets and initiatives Targets and
More informationMorgan Stanley Financial Services Conference
Morgan Stanley Financial Services Conference Group CEO and President, Björn Wahlroos April 1 st, 2009 Sampo Group s History The 21st century in Sampo Group has been reflected by several structural changes.
More informationQ results. Investor presentation. Follow us on
Q4 2018 results Investor presentation Follow us on Twitter: @TrygIR Contents Highlights Q4 2018 3 Premiums and portfolio 10 Claims and expenses 14 Investment, capital and targets 18 Roadshows & Conferences
More informationNordea Market s Insurance Seminar January 10, 2011 Group CFO Peter Johansson
Nordea Market s Insurance Seminar 2011 January 10, 2011 Group CFO Peter Johansson Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect
More informationSampo plc Annual General Meeting 24 April Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 24 April 2014 Kari Stadigh Group CEO and President Sampo Group had an excellent year 2013 EURm 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 200 864 929 Sampo Group s
More informationTopdanmark Q1-Q Result
Topdanmark Q1-Q3 2018 Result 22-10-2018 Highlights Q1-Q3 2018 Post-tax profit: DKK 1,071m (Q1-Q3 2017: DKK 1,353m) EPS: DKK 12.4 (Q1-Q3 2017: DKK 15.8) CR: 84.2 (Q1-Q3 2017: 81.9) CR excl. run-off: 87.3
More informationTOPDANMARK 2017 RESULT
TOPDANMARK 2017 RESULT Highlights 2017 Post-tax profit: DKK 1,733m (2016: DKK 1,536m) The result for 2017 was better than assumed in the interim report for Q1-Q3 2017 of DKK 1,500-1,600m CR: 82.0 (2016:
More informationTOPDANMARK H RESULT
TOPDANMARK H1 2018 RESULT Highlights H1 2018 Post-tax profit: DKK 613m (H1 2017: DKK 889m) EPS: DKK 7.1 (H1 2017: DKK 10.4) CR: 85.5 (H1 2017: 81.8) CR excl. run-off: 88.5 (H1 2017: 85.3) Premium growth:
More informationTryg acquires Alka Forsikring
To Nasdaq Copenhagen Announcement no. 19 2017 4 December 2017 Tryg acquires Alka Forsikring Tryg has agreed to acquire Alka Forsikring ( Alka ), the 8th largest Danish P&C insurance business. Alka offers
More informationNovember Topdanmark Q1-Q results
November 2011 Topdanmark Q1-Q3 2011 results 1 Highlights Q1-Q3 2011 Post-tax profit of DKK 673m (Q1-Q3 2010: DKK 680m) CR of 90.5 (Q1-Q3 2010: 94.7) CR of 90.7 excl. run-off profits and extraordinary weather-related
More informationInterim report Q2 and H1 2014
Interim report Q2 and H1 2014 Contents Interim report Q2 and H1 2014 Page Management s review Highlights 1 Income overview 2 Tryg s results 3 Private 6 Commercial 8 Corporate 10 Sweden 12 Investment activities
More informationKeefe, Bruyette & Woods. Financials Conference. Group CFO Peter Johansson 20 September 2011
Keefe, Bruyette & Woods 211 UK Day and European Financials Conference Group CFO Peter Johansson 2 September 211 Structure Sampo plc Parent company for the Group Market Cap ~ EUR 11 bn* 21.3% Over 2% Nordea
More informationInterim report for the first half of 2007
Announcement no. 13 / 2007 Page 1 of 27 Interim report for the first half of 2007 Strong half-year financial results backed by performance improvement in Q2 2007 leads to 15% upgrade of expected full-year
More informationNorwegian Finans Holding ASA. Investor Presentation for Contemplated Private Placement April 2016
Norwegian Finans Holding ASA Investor Presentation for Contemplated Private Placement April 2016 Disclaimer THIS PRESENTATION (HEREINAFTER REFERRED TO AS THE PRESENTATION ) HAS BEEN PREPARED BY NORWEGIAN
More informationDanske Bank Winter Seminar
Danske Bank Winter Seminar 11 December 2017 Johan Kirstein Brammer, SVP Private Denmark Agenda 1. Tryg at a glance 2. Current performance 3. Current initiatives and targets 4. Wrap up 2 Tryg at a glance
More informationTryg acquisition of Alka
Tryg acquisition of Alka 04 th December 2017 1 A compelling opportunity for Tryg Acquiring a high-performing business in our core market Alka is a best-in-class operator within the Danish non-life market
More informationTOPDANMARK Q RESULT
TOPDANMARK Q1 2018 RESULT Highlights Q1 2018 Post-tax profit: DKK 267m (Q1 2017: DKK 415m) CR: 85.2 (Q1 2017: 85.8) CR excl. run-off: 88.0 (Q1 2017: 89.0) Premium growth: 1.7% increase in non-life and
More informationAll figures are compared with third quarter 2008 unless otherwise stated.
TrygVesta - Interim report first nine months 2009 Page 2 of 35 Interim report third quarter 2009 Contents Highlights...3 Financial highlights and key ratios...4 The Group s performance in the Nordic region...5
More informationInterim report Q1-Q Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no
Interim report Q1-Q3 2018 Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no. 26460212 Contents Management s review 3 Highlights 4 Income overview 5 Tryg s results 7 Business initiatives 9 Customer
More informationTOPDANMARK Q RESULT
TOPDANMARK Q1 2018 RESULT Highlights Q1 2018 Post-tax profit: DKK 267m (Q1 2017: DKK 415m) CR: 85.2 (Q1 2017: 85.8) CR excl. run-off: 88.0 (Q1 2017: 89.0) Premium growth: 1.7% increase in non-life and
More informationAlm Brand. Results for Q2 2014
Alm Brand Results for Q2 2014 Morning presentation, Carnegie 22 August 2014 G R O U P Financial highlights of Q2 2014 Pre-tax profit: DKK 173m Outlook raised by DKK 100m Forward-looking activities: Pre-tax
More informationThird quarter 2007 report
Announcement no. 15/2007 Third quarter 2007 report Accelerating premium growth and improved technical result. Premium growth and pre-tax profit forecasts for 2007 are reaffirmed. For 2008 a premium growth
More informationAbout Tryg 1 Preface 4 Financial highlights 6 Outline of Tryg 7 Highlights of the year 8
Annual report 2011 Content tryg.com Management s report Page About Tryg 1 Preface 4 Financial highlights 6 Outline of Tryg 7 Highlights of the year 8 Results 10 Tryg s financial performance 12 Private
More informationTryg Norway. Analyst Day. Bergen, 13 June 2018
1 Tryg Norway Analyst Day Bergen, 13 June 2018 Agenda 14:45 Welcome by Group CEO, Morten Hübbe 15:00 Understanding Norway and Tryg Norway, SVP and Head of Norway, Espen Opedal 15:15 Retail and Corporate
More informationSampo plc Annual General Meeting Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 2017 Kari Stadigh Group CEO and President 2016 was a good year for Sampo Group EURm 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0-200 Sampo Group profit before
More informationSampo Group. Debt Investor Presentation. Prepared March 18, 2013 Figures December 31,
Sampo Group Debt Investor Presentation Prepared March 18, 2013 Figures December 31, 2012 www.sampo.com/debtpresentation Disclaimer This presentation may contain forward-looking statements that reflect
More informationTryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no Annual report 2018
Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no. 26460212 Annual report 2018 Contents Management s review 3 Tryg at a glance 4 Facts about Alka 5 Business areas 6 Income overview 7 Introduction
More informationAlm. Brand. SEB Enskilda Nordic Seminar. CEO Søren Boe Mortensen 8 January 2014
Alm. Brand SEB Enskilda Nordic Seminar CEO Søren Boe Mortensen 8 January 2014 1 GROUP Alm. Brand - A Danish financial services group Non-life Insurance 4th largest in Denmark 500,000 customers Private
More informationSupplementary Financial Information JANUARY DECEMBER 2017
Supplementary Financial Information JANUARY DECEMBER 2017 1 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events
More informationGjensidige Forsikring Group. 2 nd quarter 2018 results. 13 July 2018
Gjensidige Forsikring Group 2 nd quarter 2018 results 13 July 2018 Results impacted by the harsh and long winter Pre-tax profit NOK 1,253m Underwriting result NOK 707m - Combined ratio 88.2-2.8% premium
More informationKari Stadigh Group CEO and President
Sampo plc Annual General Meeting 18 April 2013 Kari Stadigh Group CEO and President The Government is overregulating and we all are shying away from our responsibilities 6 of 10 respondents consider that
More informationHordaland på Børs. 22. august 2018 Espen Opedal, Country Manager Norway 24/08/2018
Hordaland på Børs 22. august 2018 Espen Opedal, Country Manager Norway 1 24/08/2018 Tryg at a glance Gross premium split by products 2017 Non-life insurance in Denmark, Norway and Sweden Percentage Norway
More informationHalf-year report 2018 Tryg Forsikring A/S
Half-year report 2018 Tryg Forsikring A/S (CVR-no. 24260666) Contents Company details... 1 Management s review... 2 Statement by the Supervisory Board and the Executive board... 15 Tryg Forsikring Group
More informationGjensidige Forsikring Group. 4 th quarter and preliminary full-year 2017 results. 26 January 2018
Gjensidige Forsikring Group 4 th quarter and preliminary full-year 2017 results 26 January 2018 A satisfactory result in a winter quarter Pre-tax profit NOK 1,243m Combined ratio Underwriting result NOK
More informationSampo Group. Debt Investor Presentation. Prepared May 13, 2013 Figures March 31,
Sampo Group Debt Investor Presentation Prepared May 13, 2013 Figures March 31, 2013 www.sampo.com/debtpresentation Disclaimer This presentation may contain forward-looking statements that reflect management
More informationGjensidige Insurance Group results. 3 rd quarter October 2015
Gjensidige Insurance Group results 3 rd quarter 2015 23 October 2015 Best-ever underwriting performance, once again Pre-tax profit NOK 952m Underwriting result NOK 1,091m 5.1% premium growth Favourable
More informationDebt Investor Presentation
Sampo Group Debt Investor Presentation Prepared May 21, 2012 Figures March 31, 2012 www.sampo.com/debtpresentation 21/05/2012 2 Disclaimer This presentation may contain forward looking statements that
More informationBjörn Wahlroos Chairman of the Board
Sampo plc Annual General Meeting 18 April 2013 Björn Wahlroos Chairman of the Board USA and Euro area industrial production 105 100 2007=100 USA 95 90 85 Euro area 80 2007 2008 2009 2010 2011 2012 2013
More informationAnalyst Day. 19 June 2017 Follow us on
Analyst Day 19 June 2017 Follow us on Twitter: @TrygIR Agenda Introduction: Morten Hübbe, CEO Recent financial development: Christian Baltzer, CFO Cyber insurance: Ulrik Andersson, Special Risk Director
More informationGjensidige Forsikring Group. 3 rd quarter results October 2017
Gjensidige Forsikring Group 3 rd quarter results 2017 26 October 2017 Best-ever underwriting result Pre-tax profit NOK 1,718m Underwriting result NOK 1,150m - Combined ratio 81.0% - Premium growth 6.2%
More informationTryg Strengthening the Core, while Embracing the Future
Tryg Strengthening the Core, while Embracing the Future Capital Markets Day London, 20 November 2017 Agenda 09:30-11:30 Targets and initiatives Follow-up on CMD targets and initiatives 2015 2017 3 Targets
More informationSupplementary Financial Information JANUARY JUNE 2018
Supplementary Financial Information JANUARY JUNE 2018 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events and
More informationGjensidige Insurance Group. 3 rd quarter results October 2016
Gjensidige Insurance Group 3 rd quarter results 2016 26 October 2016 A strong third quarter Pre-tax profit NOK 1,516m Underwriting result NOK 712m Combined ratio 87.5%, (85.4% adjusted for one-off) 4.3%
More informationSolvency & Financial Condition Report (SFCR) Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no
Solvency & Financial Condition Report (SFCR) 2017 Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no. 26460212 3 Summary 20 C. Risk profile 33 E. Capital management 38 APPENDIX 4 A. Business and
More informationCapital Markets Day 2009
December 2009 Capital Markets Day 2009 CMD 2009 Page 1 Agenda 10:00 - Steffen Heegaard Head of IR and Group Communications Introduction 10:05 - Lars Thykier CFO Solvency II 10:35 - Brian Rothemejer Jacobsen
More informationSampo Group. Debt Investor Presentation. Prepared May 16, 2014 Figures March 31,
Sampo Group Debt Investor Presentation Prepared May 16, 2014 Figures March 31, 2014 www.sampo.com/debtpresentation DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 10 516 0014 markku.pehkonen@sampo.fi
More informationAlm. Brand A/S Annual Report 2010 Nordea
Alm. Brand A/S Annual Report 2010 Nordea 1 Alm. Brand s strategic agenda Non-life insurance group, supported by life insurance, pension and banking activities Focus on low risk and profitability Focus
More informationINTERIM REPORT 5 NOVEMBER 2015
Q3 INTERIM REPORT JANUARY SEPTEMBER 2015 5 NOVEMBER 2015 Contents 3 Summary 5 Third quarter 2015 in brief 6 Change in reporting practices as of 1 January 2016 7 Business areas 7 P&C insurance 10 Associated
More informationCapital Market Day. Group CEO and President Kari Stadigh. May 19 th, 2009
Capital Market Day Group CEO and President Kari Stadigh May 19 th, 2009 Sampo Group s results AFS, Profit before taxes M-to-M profit before taxes EURm 200 EURm 100 1Q/2009 24 1Q/2008 150 0 100 169 142-100
More informationDebt Investor Presentation. PREPARED February 8, 2018 FIGURES January-December, 2017
Debt Investor Presentation PREPARED February 8, 2018 FIGURES January-December, 2017 DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 10 516 0014 markku.pehkonen@sampo.fi Peter Johansson, CFO tel.
More informationInterim report Q1-Q3 2015
Interim report Q1-Q3 2015 Contents Management s review MANAGEMENT S REVIEW 3 Highlights 4 Income overview 5 Tryg s results 8 Private 10 Commercial 11 Corporate 12 Sweden 13 Investment activities 15 Capital
More informationINTERIM FINANCIAL REPORT FIRST NINE MONTHS 2013
INTERIM FINANCIAL REPORT FIRST NINE MONTHS 2013 Moving Energy Forward 23 October 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions
More informationFirst Quarter Report 2011
Copenhagen, Helsinki, Oslo, Stockholm, 28 April 2011 First Quarter Report 2011 Solid quarter CEO Christian Clausen s comment to the report: I am proud to present another strong quarter. Our relationship
More informationRisk management. See the section Capitalisation and profit distribution in the annual report
Risk management 2009 Risk management The most important risk types Underwriting risk The risk related to entering into insurance contracts. The risk that claims at the end of an insurance contract deviate
More informationAnnual report Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no
Annual report 2017 Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no. 26460212 Contents Management s review 3 Tryg at a glance 4 Business areas 5 Income overview 6 Introduction by Chairman and
More informationDebt Investor Presentation
Debt Investor Presentation JANUARY MARCH 218 PREPARED May 17, 218 FIGURES January-March, 218 DEBT INVESTOR CONTACTS Markku Pehkonen, CRO tel. +358 1 516 14 markku.pehkonen@sampo.fi Peter Johansson, CFO
More informationSampo plc Annual General Meeting Kari Stadigh Group CEO and President
Sampo plc Annual General Meeting 2018 Kari Stadigh Group CEO and President Solid result within insurance EURm 3,000 Sampo Group profit before taxes by segment 2,600 2,482 2,200 1,800 1,668 1,759 1,888
More informationTryg Garantiforsikring A/S is part of the Tryg Group. Tryg is listed on OMX The Nordic Exchange.
ANNUAL REPORT 2012 Company details Supervisory Board Tor Magne Lønnum, Group CFO, Chairman Per Fornander, Group Executive Vice President Truls Holm Olsen, Group Executive Vice President Ole Hesselager,
More informationDebt Investor Presentation
Sampo Group Debt Investor Presentation Prepared November 13, 2012 Figures September 30, 2012 www.sampo.com/debtpresentation 11/12/2012 2 Disclaimer This presentation may contain forward looking statements
More informationContents. Sampo Group Interim Report January September Contents. Summary 3
Contents Contents Summary 3 THIRD quarter 2013 in brief 4 Business areas 5 P&C insurance 5 Associated company Nordea Bank Ab 8 Life insurance 10 Holding 12 Other developments 13 Personnel 13 Remuneration
More informationInterim report Q1-Q3 2017
Interim report Q1-Q3 2017 Contents Management s review MANAGEMENT S REVIEW 9 Commercial FINANCIAL STATEMENTS Financial calendar 2017 and 2018 3 Highlights 4 Income overview 5 Tryg s results 10 Corporate
More informationTopdanmark s Equity Story
Topdanmark s Equity Story Share profile Focused strategy Danish player Stable insurance risks Low expense ratio Limited financial risk Synergy between life and non-life insurance Efficient capital management
More informationAlm. Brand A/S Annual Report 2009 London
Alm. Brand A/S Annual Report 2009 London 1 Non-life 4th largest in DK 500,000 customers* 200,000 Plus customers* Banking 65,000 customers* Supports non-life Life and pension 80,000 customers* Supports
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationDanica Pension to acquire SEB Pension Denmark A unique opportunity with strong value creation
Danica Pension to acquire SEB Pension Denmark A unique opportunity with strong value creation Conference call 14 December 2017 Jacob Aarup-Andersen, Group CFO Tonny Thierry Andersen, Head of Wealth Management
More informationSupplementary Financial Information JANUARY SEPTEMBER 2017
Supplementary Financial Information JANUARY SEPTEMBER 2017 1 Disclaimer This presentation may contain forward-looking statements that reflect management s current views with respect to certain future events
More informationFinancial results for H1 2012
CONFERENCE CALL Eivind Kolding CEO & Chairman of the Executive Board Henrik Ramlau-Hansen CFO & Member of the Executive Board 7 August 2012 Agenda Key points Financial results Capital, funding and liquidity
More informationNORDIC NON-LIFE Weather and financial market chills
EQUITY RESEARCH Research report prepared by DNB Markets, a division of DNB Bank ASA This report was completed and disseminated at 7:01 CET on 0 NORDIC NON-LIFE Weather and financial market chills We expect
More informationAnnual Report Topdanmark A/S Reg.No
Annual Report 2011 Topdanmark A/S Reg.No. 78040017 Share profile The Topdanmark share is a value case not a growth case Focused strategy ydanish player ystable insurance risks ylow expense ratio ylimited
More informationTOPDANMARK ANNOUNCEMENT OF 2018 ANNUAL RESULTS
TOPDANMARK ANNOUNCEMENT OF 2018 ANNUAL RESULTS 24 January 2019, Announcement No. 02/2019 Key features 2018 Post-tax profit of DKK 1,331m (2017: DKK 1,733m) The profit of DKK 1,331m was better than assumed
More informationTOPDANMARK Q RESULT
TOPDANMARK Q1 2018 RESULT Highlights Q1 2018 Post-tax profit: DKK 267m (Q1 2017: DKK 415m) CR: 85.2 (Q1 2017: 85.8) CR excl. run-off: 88.0 (Q1 2017: 89.0) Premium growth: 1.7% increase in non-life and
More informationHandelsbanken January December February 2009
Handelsbanken January December 2008 10 February 2009 Summary Q4 2008 compared with Q3 2008 Operating profits rose by 39% to SEK 5,216m and by 20% excluding capital gains Net interest income went up by
More informationHalf-Year Financial Report 9 AU G U S T
Q2 Half-Year Financial Report January June 2017 9 AUGUST 2017 Contents Summary 3 Second quarter 2017 in brief 5 Business areas 6 P&C insurance 6 Associated company Nordea Bank AB 9 Life insurance 11 Holding
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Own funds and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationTopdanmark's Annual Report 2003
Topdanmark's Annual Report 2003 9 March 2004 Announcement No. 03/2004 The Board of Directors of Topdanmark has today adopted the audited Annual Report for 2003. Key features: The post-tax profit for 2003
More informationHandelsbanken January - June July 2010
Handelsbanken January - June 21 2 July 21 Accumulated dividends since 26 SEK Adjusted equity per share 2 175 15 125 1 75 5 2 Kv2 6 Kv3 6 Kv4 6 Kv1 7 Kv2 7 Kv3 7 Kv4 7 Kv1 8 Kv2 8 Kv3 8 Kv4 8 Kv1 9 Kv2
More informationBanking in a tough environment
Banking in a tough environment Carnegie Nordic Large Cap Seminar Stockholm Tonny Thierry Andersen CFO & Member of the Executive Board March 3, 2009 The real economy is now severely affected Index Industrial
More informationFinancial Statement Release
2017 Financial Statement Release 7 FE B RUARY 201 8 Contents Summary 3 Fourth quarter in brief 5 Business areas 6 If 6 Topdanmark 9 Associated company Nordea Bank AB 10 Mandatum Life 12 Holding 14 Other
More informationSPAR NORD AND SPARBANK ANNOUNCE MERGER PLAN. Investor and analyst briefing 11th October 2012
SPAR NORD AND SPARBANK ANNOUNCE MERGER PLAN Investor and analyst briefing 11th October 2012 DISCLAIMER The information contained in this presentation shall not constitute an offer to sell or the solicitation
More informationSecond quarter results 2018
Second quarter results 2018 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationInterim report Q Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no
Interim report Q1 2018 Tryg A/S Klausdalsbrovej 601, 2750 Ballerup, Denmark CVR no. 26460212 Contents Management s review 3 Highlights 4 Income overview 5 Tryg s results 7 Business initiatives 8 Private
More informationStrong first quarter of 2018
Investor Presentation Strong first quarter of 2018 3 May 2018 Árni Ellefsen, CEO Disclaimer This presentation contains statements regarding future results, which are subject to risks and uncertainties.
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationBy sector 22 Credit risk exposure 23 By country, end of period 24 o Savings and deposits. Capital base and capital requirement 27
Fact book HANDELSBANKEN - FACT BOOK Contents This is Handelsbanken 3 Income statement o Income statement Handelsbanken Group 4 o EPS - Earnings Per Share 4 o Key figures 5 o Consolidated statement of comprehensive
More informationInterim report Q1 2017
Interim report Q1 2017 Contents Management s review MANAGEMENT S REVIEW 3 Highlights 4 Income overview 5 Tryg s results 9 Commercial 10 Corporate 11 Sweden 12 Investment activities FINANCIAL STATEMENTS
More informationUBS 2018 Annual Nordic Financial Services Conference. Torsten Hagen Jørgensen, Group COO and Deputy CEO
UBS 2018 Annual Nordic Financial Services Conference Torsten Hagen Jørgensen, Group COO and Deputy CEO Disclaimer This presentation contains forward-looking statements that reflect management s current
More informationTELECONFERENCE Q FINANCIAL RESULTS 10:00 CET, 10 MAY 2016
TELECONFERENCE 2016 FINANCIAL RESULTS 10:00 CET, 10 MAY 2016 AGENDA FINANCIAL HIGHLIGHTS 2016 FINANCIAL EXPECTATIONS 2016 FINANCIAL REVIEW 2016 SUMMARY 2 DISCLAIMER Certain statements in this presentation
More informationThird quarter results 2017
Third quarter results 2017 Disclaimer This presentation contains forward-looking statements that reflect management s current views with respect to certain future events and potential financial performance.
More informationPohjola Group. Interim Report Q4/2010 Financial Statements for 2010
1 Pohjola Group Interim Report Q4/21 Financial Statements for 21 2 Pohjola Group Interim Report Q4/21 Financial Statements for 21 3 Contents Interim Report Q4/21 Financial Statements for 21 4 2 Dividend
More informationINTERIM STATEMENT JANUARY MARCH 2016
INTERIM STATEMENT JANUARY MARCH 2016 11 May 2016 CONTENTS Summary 3 Business areas 5 P&C insurance 5 Associated company Nordea Bank AB 7 Life insurance 9 Holding 11 Other developments 12 Annual General
More informationInsight into Topdanmark s strategy and organizational structure
Sampos Analyst Day 17 August 2018 Insight into Topdanmark s strategy and organizational structure CEO Peter Hermann 17. august 2018 Agenda CEO Peter Hermann Strategic initiatives Development - Facts and
More informationThe NASDAQ OMX Group. Q309 Earnings Presentation. November 5, 2009
The NASDAQ OMX Group Q309 Earnings Presentation November 5, 2009 Disclaimers Cautionary Note Regarding Forward-Looking Statements Information set forth in this communication contains forward-looking statements
More informationTOPDANMARK INTERIM REPORT FOR Q1-Q3 2017
TOPDANMARK INTERIM REPORT FOR Q1-Q3 2017 26 October 2017 Announcement No. 28/2017 Key features Q1-Q3 2017 Post-tax profit of DKK 1,353m (Q1-Q3 2016: DKK 1,114m) EPS: DKK 15.8 (Q1-Q3 2016: DKK 12.0) Combined
More information