Tryg A/S – Interim report Q3 2025 and Q1-Q3 2025

Core Insights - Tryg reported a strong insurance service result of DKK 2,181 million for Q3 2025, reflecting a growth of 3.4% in local currencies and an improvement in underlying profitability [1][8] - The combined ratio improved to 78.6%, down from 79.1% in the previous year, indicating better operational efficiency [1][8] - The investment result decreased to DKK 177 million from DKK 526 million, impacting overall profitability [1][8] - Pre-tax profit was reported at DKK 1,980 million, a decline from DKK 2,134 million year-on-year, while profit after tax was DKK 1,479 million compared to DKK 1,611 million [1][8] - An ordinary dividend of DKK 2.05 per share was declared, marking an increase of over 5% from the previous year [1][8] - The solvency ratio improved to 204% at the end of Q3 2025, up from 199% in Q2 2025, indicating strong financial stability [1][8] Financial Highlights Q3 2025 - Insurance service result: DKK 2,181 million (Q3 2024: DKK 2,048 million) [8] - Combined ratio: 78.6% (Q3 2024: 79.1%) [8] - Investment result: DKK 177 million (Q3 2024: DKK 526 million) [8] - Pre-tax profit: DKK 1,980 million (Q3 2024: DKK 2,134 million) [8] - Ordinary dividend: DKK 2.05 per share (Q3 2024: DKK 1.95 per share) [1][8] - Solvency ratio: 204% (Q2 2025: 199%) [1][8] Customer Highlights Q3 2025 - Customer satisfaction score reached 82, up from a baseline of 81 in 2024 [4] CEO Statement - The CEO emphasized the strength of Tryg's core business and the focus on building a profitable and resilient operation, highlighting the handling of over 1.5 million claims this year [5] - Confidence was expressed in the progress of the 2027 strategy, with steps taken to scale and simplify the IT landscape and strengthen commercial activities [6]