TrygVesta's capital structure is continuously optimsed while maintaining the necessary security for our shareholders and room for growth and development in the Group. We do not want to accumulate capital that exceeds the need for continuing our business and realising the our strategy, which is why we payout dividends.
Profit distribution policy
TrygVesta's profit distribution reflects our long-term earnings and cash flow potential, while maintaining an appropiate level of capitalisation:
- TrygVesta distributes 50% of the profit for the year as ordinary cash dividends.
- Any excess capital after distribution of ordinary dividends and taking into consideration the minimum capital requirement, strategy and growth, will be returned to shareholders in the form of a share buyback programme.
The cash dividends are approved at the annual general meeting.
For further information about our capital strategy and planning process, please see our webpage on capitalisation.
Profit distribution
DKKm |
2008
|
2007
|
2006
|
2005
|
Profit for the year |
846 |
2,266 |
3,211 |
2,097 |
Cash dividends |
423 |
1,156 |
2,244 |
1,428 |
Cash dividends per share |
6.50 |
17 |
33 |
21 |
Cash payout ratio |
50% |
51% |
70% |
68% |
| Total buy back |
0 |
1,405* |
|
|
Buy back per share |
0 |
21 |
|
|
Total distribution per share |
6 |
38 |
33 |
21 |
| Total distribution |
423 |
2,561 |
2,244 |
1,428 |
| Total payout ratio |
50% |
113% |
70% |
68% |
| CAR |
N/A |
N/A |
128% |
128.5% |
| Buffer to A level |
16% |
5% |
2.4% |
2.8% |
| Solvency |
|
318% |
383% |
362% |
* The share buy back programme was based on our 2007 profit, amounted to DKK 1,405m and was initiated on 4 April 2008. On 2 February 2009, the programme was extended up to 22 April 2009 due to low trading volumes. The programme had been schedules for completion by 2 March 2009.
Last update: 24 March 2009