New financial targets and Capital Markets Day in London

Tryg A/S  / Miscellaneous

19.06.2012 08:45

Dissemination of a UK Regulatory Announcement, transmitted by
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The issuer is solely responsible for the content of this announcement.
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New financial targets

Tryg has set new financial targets towards 2015 where the cost ratio is
expected to be reduced to less than 15. This is to be achieved through a
reduction of expenses of DKK 300m and reduced claims expenses of DKK 700m. The
total savings initiatives are expected to improve the combined ratio level.
From Q3 2013, Tryg expects a combined ratio at 90 or below. 

External review of reserves

In the first half of 2012, KPMG has carried out a review of Tryg's claims
reserves, which is the first time since Tryg's IPO in October 2005. KPMG's
review has confirmed Tryg's assessment of the reserve levels. 

Capital Markets Day

Tryg's Capital Markets Day is held in London today. The purpose of the Capital
Markets Day is to furnish analysts, institutional investors and journalists
with an update on Tryg's development including profitability initiatives and
financial targets. 

The presentation from today's Capital Markets Day is available on tryg.com. The
Capital Markets Day will be broadcast live from 10.30 CET to approximately
14.30 CET and later in the day the webcast is available from the same site. 

Additional information:
For further information visit tryg.com or contact Investor Relations;

Investor Relations Director Lars Moeller. Phone +45 22 66 66 05 and e-mail
lars.moeller@tryg.dk 
Investor Relations Manager Peter Brondt. Phone +45 22 75 89 04 and e-mail
peter.brondt@tryg.dk 


Tryg is the leading Nordic provider of 'peace of mind' solutions with property
& casualty insurance operations in Denmark, Norway, Finland and Sweden. Tryg is
listed on Nasdaq OMX Copenhagen and 60% of the shares are held by
TryghedsGruppen smba.

Click on, or paste the following link into your web browser, to view the
associated documents

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=3
96360

News Source: NASDAQ OMX



19.06.2012 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:      MSC
LSE Ticker:         0GBV
Sequence Number:    1115
Time of Receipt:    Jun 19, 2012 08:45:43
 
End of Announcement                             DGAP News-Service
 
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