TrygVesta has reduced the exposure to equities
Announcement to OMX Nordic Exchange Copenhagen A/S no. 01-2008
In light of the increased volatility in the stock markets, TrygVesta has decided and reduced the equity exposure from the investment portfolio, which subsequently reduces the volatility in TrygVesta’s total results.
The equity portfolio has been reduced to DKK 1.8bn last week and the equity weight in the total investment portfolio is now approximately 4%. By the end of third quarter 2007, the total investment portfolio was DKK 38bn, and in 2006 and 2007 the equity exposure in the investment portfolio was approximately 12-14%.
With the disposal of equities last week, TrygVesta has realised an equity loss in fiscal 2008 of approximately DKK 200m.
TrygVesta’s annual report 2007 will be published on 25 February 2008.
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.