Q4 2007 report

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  • Premium growth of 5.1% in local currency terms for the quarter and driven by Corporate and New Markets
  • The technical result was DKK 721m compared with DKK 602m in the fourth quarter of 2006 and the combined ratio was 86.2
  • The pre-tax profit for the full-year 2007 was DKK 3,109m, meeting our expectations for the year

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 capital losses on equities up to 18 February 2008 would reduce the pre-tax profit to DKK 2,100m.

 

Read Q4 2007 report

 

For further information visit www.trygvesta.com or contact Investor Relations;

  • Investor Relations Director. Ole Søeberg. Phone +45 44 20 45 20 and e-mail ole.soeberg@tryg.dk
  • Investor Relations Manager. Lars Møller. Phone +45 44 20 45 17 and e-mail lars.moeller@tryg.dk

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.