Annonce • Apr 16
Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026 Tryg A/S announced ordinary dividend of DKK 2.15 (DKK 2.05) per share for the first quarter of 2026, an increase of around 5% from the previous year. Reported Earnings • Apr 16
First quarter 2026 earnings released: EPS: kr.1.56 (vs kr.1.81 in 1Q 2025) First quarter 2026 results: EPS: kr.1.56 (down from kr.1.81 in 1Q 2025). Revenue: kr.10.6b (up 2.2% from 1Q 2025). Net income: kr.934.0m (down 15% from 1Q 2025). Profit margin: 8.8% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Apr 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 104% Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 104% Minor Risk Significant insider selling over the past 3 months (kr.5.2m sold). Recent Insider Transactions • Mar 18
CFO & Member of Executive Board recently bought kr.791k worth of stock On the 16th of March, Allan Thaysen bought around 5k shares on-market at roughly kr.154 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Allan's only on-market trade for the last 12 months. Recent Insider Transactions • Jan 28
Group CEO & Member of Executive Board recently sold kr.2.7m worth of stock On the 26th of January, Johan Brammer sold around 17k shares on-market at roughly kr.153 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Johan has been a net seller over the last 12 months, reducing personal holdings by kr.12m. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: kr.8.83 (vs kr.7.71 in FY 2024) Full year 2025 results: EPS: kr.8.83 (up from kr.7.71 in FY 2024). Revenue: kr.43.0b (up 2.4% from FY 2024). Net income: kr.5.34b (up 13% from FY 2024). Profit margin: 12% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Dec 05
Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory Board Tryg A/S announced that after nine years on Tryg A/S’ Supervisory Board, the Chair, Jukka Pertola, has announced that he is not seeking reelection at the Annual General Meeting of Tryg A/S in March 2026. Jukka Pertola was elected to the Supervisory Board in 2017 and has since made a profound impact on the Group. In the same period, the Group has doubled its size measured on top and bottom line with multiple successful acquisitions contributing to ensure the Group’s unique position in Scandinavia. The Supervisory Board of Tryg also carried through a successful CEO transition in 2023. Reported Earnings • Oct 10
Third quarter 2025 earnings released: EPS: kr.2.43 (vs kr.2.59 in 3Q 2024) Third quarter 2025 results: EPS: kr.2.43 (down from kr.2.59 in 3Q 2024). Revenue: kr.10.8b (flat on 3Q 2024). Net income: kr.1.46b (down 8.2% from 3Q 2024). Profit margin: 14% (down from 15% in 3Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Oct 10
Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025 Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025. Reported Earnings • Jul 12
Second quarter 2025 earnings released: EPS: kr.2.50 (vs kr.2.64 in 2Q 2024) Second quarter 2025 results: EPS: kr.2.50 (down from kr.2.64 in 2Q 2024). Revenue: kr.10.8b (flat on 2Q 2024). Net income: kr.1.51b (down 6.7% from 2Q 2024). Profit margin: 14% (down from 15% in 2Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Jul 12
Tryg A/S, Annual General Meeting, Mar 26, 2026 Tryg A/S, Annual General Meeting, Mar 26, 2026. New Risk • Apr 20
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr.10m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (95% payout ratio). Significant insider selling over the past 3 months (kr.10m sold). Recent Insider Transactions • Apr 20
Group CEO & Member of Executive Board recently sold kr.9.7m worth of stock On the 14th of April, Johan Brammer sold around 65k shares on-market at roughly kr.150 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Johan has been a net seller over the last 12 months, reducing personal holdings by kr.4.1m. Declared Dividend • Apr 13
First quarter dividend increased to kr.2.05 Dividend of kr.2.05 is 5.1% higher than last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 5.2%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.0% to bring the payout ratio under control. EPS is expected to grow by 16% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Apr 12
First quarter 2025 earnings released: EPS: kr.1.81 (vs kr.1.23 in 1Q 2024) First quarter 2025 results: EPS: kr.1.81 (up from kr.1.23 in 1Q 2024). Revenue: kr.10.4b (down 1.4% from 1Q 2024). Net income: kr.1.10b (up 45% from 1Q 2024). Profit margin: 11% (up from 7.2% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Apr 11
Tryg A/S Announces Dividend for the First Quarter of 2025, Payable on 16 April 2025 Tryg A/S announced that it is paying a dividend for the first quarter of DKK 2.05 per share on 16 April 2025. Annonce • Mar 26
Tryg A/S Announces Appointment of Torben Jensen and Jonas Bjørn Jensen to the Supervisory Board Tryg A/S announced that at its AGM held on March 26, 2025, approved Expanding the number of members of the Supervisory Board namely: Torben Jensen and Jonas Bjørn Jensen. Recent Insider Transactions • Jan 31
Group CEO & Member of Executive Board recently bought kr.5.7m worth of stock On the 27th of January, Johan Brammer bought around 39k shares on-market at roughly kr.146 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Reported Earnings • Jan 24
Full year 2024 earnings released: EPS: kr.7.71 (vs kr.6.08 in FY 2023) Full year 2024 results: EPS: kr.7.71 (up from kr.6.08 in FY 2023). Revenue: kr.41.1b (up 2.4% from FY 2023). Net income: kr.4.74b (up 25% from FY 2023). Profit margin: 12% (up from 9.5% in FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Jan 24
Tryg A/S Announces Quarterly Dividend Payment Tryg A/S announced quarterly dividend per share of DKK 1.95 in line with previous quarters in 2024. Recent Insider Transactions • Oct 20
CFO & Member of Executive Board recently sold kr.775k worth of stock On the 17th of October, Allan Thaysen sold around 5k shares on-market at roughly kr.163 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Allan's only on-market trade for the last 12 months. Annonce • Oct 14
Tryg A/S to Report Nine Months, 2025 Results on Oct 10, 2025 Tryg A/S announced that they will report nine months, 2025 results on Oct 10, 2025 Annonce • Oct 12
Tryg A/S, Annual General Meeting, Mar 26, 2025 Tryg A/S, Annual General Meeting, Mar 26, 2025. Reported Earnings • Oct 11
Third quarter 2024 earnings released: EPS: kr.2.58 (vs kr.1.41 in 3Q 2023) Third quarter 2024 results: EPS: kr.2.58 (up from kr.1.41 in 3Q 2023). Revenue: kr.10.9b (up 6.7% from 3Q 2023). Net income: kr.1.65b (up 88% from 3Q 2023). Profit margin: 15% (up from 8.6% in 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 12
Second quarter 2024 earnings released: EPS: kr.2.62 (vs kr.1.48 in 2Q 2023) Second quarter 2024 results: EPS: kr.2.62 (up from kr.1.48 in 2Q 2023). Revenue: kr.10.8b (up 9.6% from 2Q 2023). Net income: kr.1.66b (up 80% from 2Q 2023). Profit margin: 15% (up from 9.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 17
First quarter 2024 earnings released: EPS: kr.1.23 (vs kr.1.40 in 1Q 2023) First quarter 2024 results: EPS: kr.1.23 (down from kr.1.40 in 1Q 2023). Revenue: kr.10.2b (up 1.9% from 1Q 2023). Net income: kr.776.0m (down 12% from 1Q 2023). Profit margin: 7.6% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Apr 17
Tryg A/S Announces Quarterly Dividend Tryg A/S announced quarterly dividend of DKK 1.95 (DKK 1.85) per share an increase of more than 5%. Recent Insider Transactions • Jan 27
Group COO & Member of Executive Board recently bought kr.2.4m worth of stock On the 23rd of January, Lars Bonde bought around 17k shares on-market at roughly kr.144 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: kr.6.08 (vs kr.3.47 in FY 2022) Full year 2023 results: EPS: kr.6.08 (up from kr.3.47 in FY 2022). Revenue: kr.40.4b (up 26% from FY 2022). Net income: kr.3.85b (up 71% from FY 2022). Profit margin: 9.5% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Buying Opportunity • Dec 19
Now 21% undervalued Over the last 90 days, the stock is up 8.9%. The fair value is estimated to be kr.187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Annonce • Oct 24
Tryg A/S (CPSE:TRYG) commences an Equity Buyback Plan under the authorization approved on March 30, 2023. Tryg A/S (CPSE:TRYG) commences share repurchases on October 16, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 30, 2023. As per the mandate, the company is authorized to repurchase not more than 10% of its issued share capital at any given point in time. The price to be paid for each share shall not deviate by more than 10% from the registered price of the shares at Nasdaq Copenhagen. The authorization is valid till December 31, 2024. As at March 2, 2023, the company had 654,653,980 issued shares.
On October 13, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, for DKK 1,000 million. The shares will be purchased at a price not higher than the amount of the last independent transaction or highest independent bid on the shares on Nasdaq Copenhagen A/S. The purpose of the program is to return excess capital to the shareholders. The repurchased shares will be cancelled. The repurchases will commence from October 16, 2023, and the program will be valid till January 31, 2024. As of October 17, 2023, the company had 12,526,551 treasury shares. Reported Earnings • Oct 14
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr.10.3b (up 16% from 3Q 2022). Net income: kr.914.0m (up 46% from 3Q 2022). Profit margin: 8.9% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 34% growth forecast for the Insurance industry in the United Kingdom. Annonce • Sep 28
Tryg Announces Executive Changes Tryg A/S announced that drawing on inspiration from Trygg-Hansa’s successful operating model towards Commercial customers, Tryg will merge its Commercial and Corporate Lines in Denmark and Norway from 1 October 2023. The Corporate segments in both countries have undergone successful transformations over the past few years, where the portfolio of large customers has been adjusted to ensure a more healthy and profitable business. After this successful downscaling, the merger is a natural next step in becoming a more efficient and customer centric business, where corporate customers will experience a simpler entry to Tryg. To lead these newly formed Commercial units, two internal candidates have been appointed. Hence, SVP Hans Arnum, has been appointed Head of Commercial Lines Denmark, while SVP Michael Kolbæk has been appointed Head of Commercial Lines Norway. From a reporting perspective Commercial and Corporate Lines will remain separate entities. With synergies from the RSA integration being delivered slightly ahead of schedule, it is a natural next step to align the organisational design of the Group’s Swedish business, Trygg-Hansa, with the organisational structure of the Tryg Group. A decentralised organisational design encouraging decision-making to occur in close proximity to customers and local market dynamics. This structural harmonisation has been planned since the acquisition, and with the integration well on track, accelerating the change will support Trygg-Hansa’s readiness for the coming strategy period. This means that by 1 January 2024 VD Mats Dahlquist will leave Trygg-Hansa and hand over to the continuing management team, who will report to Tryg Group’s Executive Board. Recent Insider Transactions • Jul 13
Independent Supervisory Board Member recently bought kr.998k worth of stock On the 11th of July, Thomas Hofman-Bang bought around 7k shares on-market at roughly kr.135 per share. This transaction increased Thomas' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.1.4m more in shares than they have sold in the last 12 months. Annonce • Jul 12
Tryg A/S Announces Dividend for the Second Quarter of 2023 Payable on 14 July 2023 Tryg A/S announced dividend of DKK 1.85 per share for the second quarter of 2023to be paid on 14 July 2023. Reported Earnings • Jul 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr.9.96b (up 20% from 2Q 2022). Net income: kr.922.0m (up 114% from 2Q 2022). Profit margin: 9.3% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 39% growth forecast for the Insurance industry in the United Kingdom. Recent Insider Transactions • Apr 23
Independent Supervisory Board Member recently bought kr.154k worth of stock On the 20th of April, Mengmeng Du bought around 1k shares on-market at roughly kr.154 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 20
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr.10.6b (up 79% from 1Q 2022). Net income: kr.885.0m (up kr.776.0m from 1Q 2022). Profit margin: 8.3% (up from 1.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 42% growth forecast for the Insurance industry in the United Kingdom. Annonce • Jan 27
Tryg A/S to Report Fiscal Year 2022 Final Results on Feb 03, 2023 Tryg A/S announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Feb 03, 2023 Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: kr.3.47 (vs kr.5.52 in FY 2021) Full year 2022 results: EPS: kr.3.47 (down from kr.5.52 in FY 2021). Revenue: kr.33.5b (up 32% from FY 2021). Net income: kr.2.25b (down 29% from FY 2021). Profit margin: 6.7% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be kr.191, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Reported Earnings • Oct 13
Third quarter 2022 earnings released: EPS: kr.0.97 (vs kr.1.58 in 3Q 2021) Third quarter 2022 results: EPS: kr.0.97 (down from kr.1.58 in 3Q 2021). Revenue: kr.9.60b (up 27% from 3Q 2021). Net income: kr.627.0m (down 40% from 3Q 2021). Profit margin: 6.5% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 13
Second quarter 2022 earnings released: EPS: kr.0.67 (vs kr.0.096 loss in 2Q 2021) Second quarter 2022 results: EPS: kr.0.67 (up from kr.0.096 loss in 2Q 2021). Revenue: kr.8.63b (up 64% from 2Q 2021). Net income: kr.430.0m (up kr.493.0m from 2Q 2021). Profit margin: 5.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 138% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr.0.17 (vs kr.2.50 in 1Q 2021) First quarter 2022 results: EPS: kr.0.17 (down from kr.2.50 in 1Q 2021). Revenue: kr.6.07b (down 1.0% from 1Q 2021). Net income: kr.109.0m (down 87% from 1Q 2021). Profit margin: 1.8% (down from 13% in 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 135% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Buying Opportunity • Mar 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr.184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. Earnings per share has grown by 2.9% per annum over the last 3 years. Reported Earnings • Jan 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr.5.51 (down from kr.9.19 in FY 2020). Revenue: kr.25.1b (up 11% from FY 2020). Net income: kr.3.16b (up 14% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 32%, compared to a 513% growth forecast for the insurance industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 13
Third quarter 2021 earnings released: EPS kr.1.59 (vs kr.3.07 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr.6.59b (up 13% from 3Q 2020). Net income: kr.1.04b (up 11% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 10
Second quarter 2021 earnings released: kr.0.096 loss per share (vs kr.4.13 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr.5.26b (down 12% from 2Q 2020). Net loss: kr.63.0m (down 105% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS kr.2.50 (vs kr.1.47 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr.6.16b (up 35% from 1Q 2020). Net income: kr.814.0m (up kr.1.26b from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 04
New 90-day low: kr.137 The company is down 22% from its price of kr.175 on 04 December 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.174 per share. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 31% share price decline to kr.137, the stock is trading at a trailing P/E ratio of 19.4x, down from the previous P/E ratio of 28.2x. This compares to an average P/E of 15x in the Insurance industry in the United Kingdom. Total returns to shareholders over the past three years are 8.3%. Reported Earnings • Jan 27
Full year 2020 earnings released: EPS kr.9.19 (vs kr.9.42 in FY 2019) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: kr.22.7b (up 2.5% from FY 2019). Net income: kr.2.77b (down 2.5% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 27
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.5%, compared to a 26% growth forecast for the Insurance industry in the United Kingdom. Is New 90 Day High Low • Jan 19
New 90-day high: kr.199 The company is up 1.0% from its price of kr.197 on 21 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.206 per share. Is New 90 Day High Low • Nov 24
New 90-day low: kr.176 The company is down 10.0% from its price of kr.195 on 26 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.170 per share. Is New 90 Day High Low • Oct 26
New 90-day low: kr.184 The company is down 4.0% from its price of kr.191 on 28 July 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.173 per share. Analyst Estimate Surprise Post Earnings • Oct 10
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 1.3% at kr.5.72b. Revenue is forecast to grow 4.3% over the next year, compared to a 5.6% growth forecast for the Insurance industry in the United Kingdom. Reported Earnings • Oct 10
Third quarter earnings released Over the last 12 months the company has reported total profits of kr.2.44b, up 8.1% from the prior year. Total revenue was kr.22.1b over the last 12 months, up 5.8% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day high: kr.199 The company is up 5.0% from its price of kr.190 on 01 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.162 per share.