Q1 2019 Tryg A/S Earnings Call Transcript

Apr 10, 2019 / 08:00AM GMT
Gianandrea Roberti - Tryg A/S-Head of IR

Good morning, everybody. This is Gianandrea Roberti. I'm Head of Investor Relations at Tryg. We published our Q1 results earlier on this morning. I have here with me Morten Hübbe, group CEO, to discuss and present the figures.

Over to you, Morten.

Morten Hübbe - Tryg A/S-Group CEO&Member of Executive Board

Good morning, and thank you, Gian. And we start off on Slide 3, where we report a technical result of DKK 626 million against DKK 563 million year-on-year.

Clearly, the result was positively impacted by the inclusion of Alka for the first time and the first delivery of synergies from that case. But then, again, negatively impacted by higher-than-normal level of large claims, but then positively again from weather claims being a bit below normal.

More importantly, we see a continuation of the trend of underlying claims improvement, some 50 basis points both on the group level and in the private business

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