Gross premium income of DKK 16,606m compared with DKK 16,021m in 2006
- Technical result of DKK 2,820m compared with DKK 2,512m in 2006
- Combined ratio 86.1 compared with 86.4 in 2006
- Pre-tax profit for the full-year 2007 was DKK 3,109m, meeting our expectations for the year
- Profit for the full-year 2007 was DKK 2,266m compared with DKK 3,211m in 2006
The profit and adjusted capital trigger a total amount of DKK 2,561m being returned to shareholders, equivalent to DKK 38 per share or a total distribution of 113% of the profit for the year after tax. The total amount distributed reflects TrygVesta's strong capital position.
Expectations for 2008 include gross earned premium growth of 5% in local currency terms, a combined ratio before run-off of around 90 and pre-tax profit of DKK 2,500m. Inclusion of expected losses on equities up to 18 February 2008 would imply a pre-tax profit to DKK 2,100m.
Download Annual report 2007
For further information visit www.trygvesta.com or contact Investor Relations;
TrygVesta is the leading Nordic provider of "peace of mind" solutions with insurance operations in Denmark, Norway, Finland and Sweden. TrygVesta is listed on OMX Nordic Exchange Copenhagen and 60% of the shares are held by Tryg i Danmark smba.