Tryg（TRYG）株式概要Tryg A/Sは子会社とともに、デンマーク、スウェーデン、英国、ノルウェーにおいて、個人・法人顧客および中小企業向けに保険商品・サービスを提供している。 詳細TRYG ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績2/6財務の健全性4/6配当金3/6報酬当社が推定した公正価値より34.5%で取引されている 収益は年間7.01%増加すると予測されています 過去5年間の収益は年間14.5%増加しました。 リスク分析5.68%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない すべてのリスクチェックを見るTRYG Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW497,995 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG497,995 investors already sharing narrativesYour Fair Value€Current Price€20.264.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture052b2016201920222025202620282031Revenue DKK 52.0bEarnings DKK 6.2bAdvancedSet Fair ValueView all narrativesTryg A/S 競合他社Vienna Insurance GroupSymbol: WBAG:VIGMarket cap: €8.6bUNIQA Insurance GroupSymbol: WBAG:UQAMarket cap: €5.5bSuncorp GroupSymbol: ASX:SUNMarket cap: AU$19.6bCNA FinancialSymbol: NYSE:CNAMarket cap: US$13.8b価格と性能株価の高値、安値、推移の概要Tryg過去の株価現在の株価DKK 20.2652週高値DKK 22.8252週安値DKK 19.68ベータ0.0961ヶ月の変化2.17%3ヶ月変化-2.41%1年変化-7.23%3年間の変化4.68%5年間の変化-5.15%IPOからの変化-22.97%最新ニュースお知らせ • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg 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 16First 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 4.9% growth forecast for the Insurance industry in Europe. 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.お知らせ • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg 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 10Third 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 5.1% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.Reported Earnings • Jul 13Second 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 5.5% growth forecast for the Insurance industry in Europe. 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.最新情報をもっと見るRecent updatesお知らせ • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg 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 16First 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 4.9% growth forecast for the Insurance industry in Europe. 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.お知らせ • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg 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 10Third 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 5.1% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.Reported Earnings • Jul 13Second 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 5.5% growth forecast for the Insurance industry in Europe. 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.お知らせ • Jul 12Tryg A/S, Annual General Meeting, Mar 26, 2026Tryg A/S, Annual General Meeting, Mar 26, 2026.お知らせ • Jul 11+ 3 more updatesTryg A/S to Report Q1, 2026 Results on Apr 15, 2026Tryg A/S announced that they will report Q1, 2026 results on Apr 15, 2026Recent Insider Transactions • Apr 20Group CEO & Member of Executive Board recently sold €1.3m worth of stockOn the 14th of April, Johan Brammer sold around 65k shares on-market at roughly €20.09 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 €544k.Reported Earnings • Apr 13First 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 Europe. 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 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 11Tryg A/S Announces Dividend for the First Quarter of 2025, Payable on 16 April 2025Tryg A/S announced that it is paying a dividend for the first quarter of DKK 2.05 per share on 16 April 2025.お知らせ • Mar 26Tryg A/S Announces Appointment of Torben Jensen and Jonas Bjørn Jensen to the Supervisory BoardTryg 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 31Group CEO & Member of Executive Board recently bought €762k worth of stockOn the 27th of January, Johan Brammer bought around 39k shares on-market at roughly €19.61 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 28Full 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 5.5% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings.お知らせ • Jan 24Tryg A/S Announces Quarterly Dividend PaymentTryg A/S announced quarterly dividend per share of DKK 1.95 in line with previous quarters in 2024.お知らせ • Oct 14Tryg A/S to Report Nine Months, 2025 Results on Oct 10, 2025Tryg A/S announced that they will report nine months, 2025 results on Oct 10, 2025お知らせ • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2025 Results on Jul 11, 2025Tryg A/S announced that they will report Q2, 2025 results on Jul 11, 2025お知らせ • Oct 12Tryg A/S, Annual General Meeting, Mar 26, 2025Tryg A/S, Annual General Meeting, Mar 26, 2025.Reported Earnings • Oct 11Third 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 5.0% growth forecast for the Insurance industry in Europe. 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 12Second quarter 2024 earnings released: EPS: kr.2.64 (vs kr.1.45 in 2Q 2023)Second quarter 2024 results: EPS: kr.2.64 (up from kr.1.45 in 2Q 2023). Revenue: kr.10.6b (up 5.1% from 2Q 2023). Net income: kr.1.62b (up 80% from 2Q 2023). Profit margin: 15% (up from 9.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. 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 17First 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 5.4% growth forecast for the Insurance industry in Europe. 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.お知らせ • Apr 17Tryg A/S Announces Quarterly DividendTryg A/S announced quarterly dividend of DKK 1.95 (DKK 1.85) per share an increase of more than 5%.Reported Earnings • Jan 26Full 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 7.3% growth forecast for the Insurance industry in Europe. 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.お知らせ • Nov 03+ 1 more updateTryg A/S Announces Executive ChangesBarbara Plucnar Jensen, Chief Financial Officer (CFO), will leave Tryg A/S by mutual agreement. Effective November 2, 2023, Allan Kragh Thaysen (46), Tryg's SVP of Group Finance for the past five years, has been appointed as the new CFO. Barbara Plucnar Jensen has been part of Tryg's executive management since 2019. Her unique skills within corporate finance have been instrumental during the acquisition and financing of RSA's Scandinavian activities and the share issue that followed. The Executive Board of Tryg A/S now consists of Chief Executive Officer Johan Kirstein Brammer, Chief Financial Officer Allan Kragh Thaysen, Chief Operational Officer Lars Bonde, Chief Commercial Officer Alexandra Bastkær Winther, and Chief Technical Officer Mikael Kärrsten. Allan Kragh Thaysen has an HD in Accounting and an MSc in Business Economics and Auditing from Copenhagen Business School. He will bring to his role as CFO many years of experience in the financial sector and within non-life insurance. Allan started his career as an accountant at Deloitte from 1998-2005, after which he joined the Norwegian company Gjensidige, where he became CFO for the Danish and Swedish portion of the business from 2010 to 2018 before coming to Tryg. For the past 5 years he has delivered strong results in his position as SVP of Group Finance and played an integral part in the acquisition of RSA's Scandinavian businesses, Trygg-Hansa and Codan Norway.お知らせ • Oct 24Tryg 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 15Third quarter 2023 earnings released: EPS: kr.1.41 (vs kr.0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr.1.41 (up from kr.0.97 in 3Q 2022). Revenue: kr.10.2b (down 4.0% from 3Q 2022). Net income: kr.877.0m (up 40% from 3Q 2022). Profit margin: 8.6% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Oct 13+ 4 more updatesTryg A/S to Report Q3, 2024 Results on Oct 11, 2024Tryg A/S announced that they will report Q3, 2024 results on Oct 11, 2024お知らせ • Sep 28Tryg Announces Executive ChangesTryg 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.Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €21.70, 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 29%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.お知らせ • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2023 Payable on 14 July 2023Tryg 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 12Second quarter 2023 earnings releasedSecond 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 8.0% growth forecast for the Insurance industry in Europe.Buying Opportunity • Jul 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €22.71, 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 35%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst 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 11% growth forecast for the Insurance industry in Europe.お知らせ • Jan 31+ 1 more updateTryg A/S and Tryg Forsikring A/S Announces Management ChangesGroup Chief Executive Officer (CEO) Morten Hübbe has informed the Supervisory Boards of Tryg A/S and Tryg Forsikring A/S that he wishes to step down after 20 years on Tryg's Executive Board. Expansion of the Executive Board in Tryg A/S and Tryg Forsikring A/S With a view to ensure the right mix of competences in the Executive Board going forward, the Company has also announced the appointment of two new members by 1 March 2023. Mikael Kärrsten has been appointed Chief Technical Officer and Alexandra Bastkær Winther has been appointed Chief Commercial Officer, both internal promotions. Mikael Kärrsten (47) has more than 20 years of experience from the insurance industry and comes from a position as Head of Group PPU (Price, Product, Portfolio Management and Underwriting) in Tryg. He has previously held several senior leadership positions with Codan and Trygg-Hansa, including Head of Underwriting. Mikael has been one of the main architects behind Trygg-Hansa's incredibly well-run and profitable business - and he knows the Swedish insurance market better than most. A market which now accounts for up to 45% of the Group's technical result. In addition, Mikael possesses a deep technical understanding of insurance, which is based on a data and insight driven approach. Alexandra Bastkær Winther (37) comes from a position as CEO of Alka Insurance (stand-alone entity within the Tryg group). She has been with Tryg since 2020 where she, prior to her appointment to Alka, as head of Group Strategy and M&A played a key role in the historical acquisition of RSA's Scandinavian activities (Trygg-Hansa and Codan Norway). As Chief Commercial Officer, Alexandra will take over Johan Kirstein Brammer's current areas of responsibilities, which covers enhancement of commercial value creation across the Group, the integration and realisation of synergies from acquisitions as well as the corporate strategy function. According to Morten Hübbe, the appointment of the two new executives will add valuable skills to the highly successful Executive Board that represents years of value creation and continuity.お知らせ • Jan 27Tryg A/S to Report Fiscal Year 2022 Final Results on Feb 03, 2023Tryg A/S announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Feb 03, 2023Reported Earnings • Jan 27Full 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 6.8% growth forecast for the Insurance industry in Europe.Buying Opportunity • Oct 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.2%. The fair value is estimated to be €25.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 17%.お知らせ • Oct 15Tryg A/S Announces DividendTryg A/S will pay a dividend of DKK 1.58 per share, with an increase of 48% compared to third quarter of last year, starting the dividend growth journey that we're expecting following the large acquisition.Reported Earnings • Oct 13Third 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 7.3% growth forecast for the Insurance industry in Europe.お知らせ • Oct 13+ 4 more updatesTryg A/S to Report Q2, 2023 Results on Jul 11, 2023Tryg A/S announced that they will report Q2, 2023 results on Jul 11, 2023Buying Opportunity • Sep 26Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €26.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.Reported Earnings • Jul 13Second 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 18% growth forecast for the industry in Austria.お知らせ • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2022, Payable on 15 July 2022Tryg A/S announced dividend of DKK 1.56 per share for the second quarter of 2022, to be paid on 15 July 2022.お知らせ • Jun 25Tryg A/S Announces Supervisory Board ChangesTryg A/S announced that at a recent ended employee election in the company, the Danish employees have elected Tina Snejbjerg and Charlotte Dietzer, the Norwegian employees Mette Osvold and the Swedish employees Elias Bakk and Lena Darin as employee representatives of Tryg's Supervisory Board. As substitute members of Tryg's Supervisory Board, the Danish employees have elected Jesper Henrik de Gusmão-Sørensen as personal substitute for Tina Snejbjerg, the Norwegian employees Bjørn Andreas Bøe Grønner as personal substitute for Mette Osvold and the Swedish employees have elected Simon Basdajian as personal substitute for Elias Bakk and Lars Eriksson as personal substitute for Lena Darin. The new board members enter the Supervisory Board on 1 July 2022. At the same time, the former employee representative Gert Ove Mikkelsen will withdraw. After 1 July 2022, the employee representatives of Tryg's Supervisory Board are: Charlotte Dietzer, Tina Snejbjerg, Mette Osvold, Elias Bakk and Lena Darin.Buying Opportunity • Jun 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €26.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 7.5%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.Buying Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock is up 1.9%. The fair value is estimated to be €26.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 7.5%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.Reported Earnings • Apr 28First 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.5.96b (down 2.8% from 1Q 2021). Net income: kr.109.0m (down 87% from 1Q 2021). Profit margin: 1.8% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 14% growth forecast for the industry in Austria.Buying Opportunity • Feb 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.3%. The fair value is estimated to be kr.25.74, 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 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 84% growth forecast for the insurance industry in Austria.Reported Earnings • Oct 13Third 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).Reported Earnings • Jul 10Second 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).Is New 90 Day High Low • Mar 05New 90-day low: €18.39The company is down 22% from its price of €23.54 on 04 December 2020. The Austrian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.38 per share.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 31% share price decline to kr.18.39, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 21.4x. This compares to an average P/E of 13x in the Insurance industry in Europe.Analyst Estimate Surprise Post Earnings • Jan 27Revenue misses expectationsRevenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.5%, compared to a 1.0% growth forecast for the Insurance industry in Austria.Reported Earnings • Jan 27Full 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). Combined ratio: 84.5% (down from 85.1% in FY 2019).Is New 90 Day High Low • Jan 20New 90-day high: €26.96The company is up 4.0% from its price of €25.94 on 22 October 2020. The Austrian market is up 35% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.19 per share.Reported Earnings • Oct 10Third quarter earnings releasedOver 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.Analyst Estimate Surprise Post Earnings • Oct 10Third-quarter earnings released: Revenue misses expectationsThird-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 2.2% decline forecast for the Insurance industry in Austria.お知らせ • Oct 10Tryg A/S to Report Fiscal Year 2020 Results on Jan 26, 2021Tryg A/S announced that they will report fiscal year 2020 results on Jan 26, 2021お知らせ • Sep 26Tryg A/S to Report Q3, 2020 Results on Oct 09, 2020Tryg A/S announced that they will report Q3, 2020 results at 7:30 AM, Central European Standard Time on Oct 09, 2020株主還元TRYGAT InsuranceAT 市場7D0.8%2.4%2.4%1Y-7.2%11.7%35.5%株主還元を見る業界別リターン: TRYG過去 1 年間で11.7 % の収益を上げたAustrian Insurance業界を下回りました。リターン対市場: TRYGは、過去 1 年間で35.5 % のリターンを上げたAustrian市場を下回りました。価格変動Is TRYG's price volatile compared to industry and market?TRYG volatilityTRYG Average Weekly Movement2.7%Insurance Industry Average Movement3.2%Market Average Movement4.5%10% most volatile stocks in AT Market7.2%10% least volatile stocks in AT Market2.6%安定した株価: TRYG 、 Austrian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: TRYGの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト17316,731Johan Brammerwww.tryg.comTryg A/Sは子会社とともに、デンマーク、スウェーデン、英国、ノルウェーにおいて、個人・法人顧客および中小企業向けに保険商品・サービスを提供している。個人、商業、法人、その他のセグメントを通じて事業を展開している。オートバイ、自動車、火災・家財、住宅、傷害、旅行、オートバイ、ペット、健康、財物、賠償責任、労災、輸送、団体生命、レジャーボート・ビンテージカー、観光支援、信用・保証保険商品、海上保険、航空保険、貨物保険を提供している。Trygg-Hansa、Tryg、Atlaantica、Bilsport & MC、Moderna Djurförsäkringarのブランド名で、バンカシュアランス、コールセンター、オンライン、販売代理店、フランチャイズ店、自動車ディーラー、不動産業者、保険ブローカーを通じて商品を販売している。同社は1731年に設立され、デンマークのバレラップに本社を置いている。もっと見るTryg A/S 基礎のまとめTryg の収益と売上を時価総額と比較するとどうか。TRYG 基礎統計学時価総額€11.83b収益（TTM）€691.76m売上高(TTM)€5.78b17.1xPER（株価収益率2.0xP/SレシオTRYG は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計TRYG 損益計算書（TTM）収益DKK 43.23b売上原価DKK 28.92b売上総利益DKK 14.31bその他の費用DKK 9.14b収益DKK 5.17b直近の収益報告Mar 31, 2026次回決算日Jul 10, 2026一株当たり利益（EPS）8.86グロス・マージン33.10%純利益率11.96%有利子負債／自己資本比率12.0%TRYG の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.7%現在の配当利回り97%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/06 16:00終値2026/07/03 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tryg A/S 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。25 アナリスト機関null nullABG Sundal CollierClaudia GaspariBarclaysAlessia MagniBarclays22 その他のアナリストを表示
お知らせ • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg 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 16First 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 4.9% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg 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 10Third 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 5.1% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.
Reported Earnings • Jul 13Second 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 5.5% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Apr 16Tryg A/S Announces Ordinary Dividend for the First Quarter of 2026Tryg 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 16First 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 4.9% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Dec 05Tryg A/S Announces Jukka Pertola Not Stand for Re-Election as Chair of the Supervisory BoardTryg 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 10Third 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 5.1% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 10Tryg A/S Announces Ordinary Dividend for the Third Quarter of 2025Tryg A/S announced ordinary dividend of DKK 2.05 per share for the third quarter of 2025.
Reported Earnings • Jul 13Second 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 5.5% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Jul 12Tryg A/S, Annual General Meeting, Mar 26, 2026Tryg A/S, Annual General Meeting, Mar 26, 2026.
お知らせ • Jul 11+ 3 more updatesTryg A/S to Report Q1, 2026 Results on Apr 15, 2026Tryg A/S announced that they will report Q1, 2026 results on Apr 15, 2026
Recent Insider Transactions • Apr 20Group CEO & Member of Executive Board recently sold €1.3m worth of stockOn the 14th of April, Johan Brammer sold around 65k shares on-market at roughly €20.09 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 €544k.
Reported Earnings • Apr 13First 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 Europe. 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 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 11Tryg A/S Announces Dividend for the First Quarter of 2025, Payable on 16 April 2025Tryg A/S announced that it is paying a dividend for the first quarter of DKK 2.05 per share on 16 April 2025.
お知らせ • Mar 26Tryg A/S Announces Appointment of Torben Jensen and Jonas Bjørn Jensen to the Supervisory BoardTryg 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 31Group CEO & Member of Executive Board recently bought €762k worth of stockOn the 27th of January, Johan Brammer bought around 39k shares on-market at roughly €19.61 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 28Full 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 5.5% growth forecast for the Insurance industry in Europe. 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 2% per year, which means it is significantly lagging earnings.
お知らせ • Jan 24Tryg A/S Announces Quarterly Dividend PaymentTryg A/S announced quarterly dividend per share of DKK 1.95 in line with previous quarters in 2024.
お知らせ • Oct 14Tryg A/S to Report Nine Months, 2025 Results on Oct 10, 2025Tryg A/S announced that they will report nine months, 2025 results on Oct 10, 2025
お知らせ • Oct 13+ 2 more updatesTryg A/S to Report Q2, 2025 Results on Jul 11, 2025Tryg A/S announced that they will report Q2, 2025 results on Jul 11, 2025
お知らせ • Oct 12Tryg A/S, Annual General Meeting, Mar 26, 2025Tryg A/S, Annual General Meeting, Mar 26, 2025.
Reported Earnings • Oct 11Third 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 5.0% growth forecast for the Insurance industry in Europe. 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 12Second quarter 2024 earnings released: EPS: kr.2.64 (vs kr.1.45 in 2Q 2023)Second quarter 2024 results: EPS: kr.2.64 (up from kr.1.45 in 2Q 2023). Revenue: kr.10.6b (up 5.1% from 2Q 2023). Net income: kr.1.62b (up 80% from 2Q 2023). Profit margin: 15% (up from 9.0% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in Europe. 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 17First 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 5.4% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Apr 17Tryg A/S Announces Quarterly DividendTryg A/S announced quarterly dividend of DKK 1.95 (DKK 1.85) per share an increase of more than 5%.
Reported Earnings • Jan 26Full 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 7.3% growth forecast for the Insurance industry in Europe. 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.
お知らせ • Nov 03+ 1 more updateTryg A/S Announces Executive ChangesBarbara Plucnar Jensen, Chief Financial Officer (CFO), will leave Tryg A/S by mutual agreement. Effective November 2, 2023, Allan Kragh Thaysen (46), Tryg's SVP of Group Finance for the past five years, has been appointed as the new CFO. Barbara Plucnar Jensen has been part of Tryg's executive management since 2019. Her unique skills within corporate finance have been instrumental during the acquisition and financing of RSA's Scandinavian activities and the share issue that followed. The Executive Board of Tryg A/S now consists of Chief Executive Officer Johan Kirstein Brammer, Chief Financial Officer Allan Kragh Thaysen, Chief Operational Officer Lars Bonde, Chief Commercial Officer Alexandra Bastkær Winther, and Chief Technical Officer Mikael Kärrsten. Allan Kragh Thaysen has an HD in Accounting and an MSc in Business Economics and Auditing from Copenhagen Business School. He will bring to his role as CFO many years of experience in the financial sector and within non-life insurance. Allan started his career as an accountant at Deloitte from 1998-2005, after which he joined the Norwegian company Gjensidige, where he became CFO for the Danish and Swedish portion of the business from 2010 to 2018 before coming to Tryg. For the past 5 years he has delivered strong results in his position as SVP of Group Finance and played an integral part in the acquisition of RSA's Scandinavian businesses, Trygg-Hansa and Codan Norway.
お知らせ • Oct 24Tryg 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 15Third quarter 2023 earnings released: EPS: kr.1.41 (vs kr.0.97 in 3Q 2022)Third quarter 2023 results: EPS: kr.1.41 (up from kr.0.97 in 3Q 2022). Revenue: kr.10.2b (down 4.0% from 3Q 2022). Net income: kr.877.0m (up 40% from 3Q 2022). Profit margin: 8.6% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 13+ 4 more updatesTryg A/S to Report Q3, 2024 Results on Oct 11, 2024Tryg A/S announced that they will report Q3, 2024 results on Oct 11, 2024
お知らせ • Sep 28Tryg Announces Executive ChangesTryg 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.
Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €21.70, 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 29%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
お知らせ • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2023 Payable on 14 July 2023Tryg 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 12Second quarter 2023 earnings releasedSecond 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 8.0% growth forecast for the Insurance industry in Europe.
Buying Opportunity • Jul 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €22.71, 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 35%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Apr 20First quarter 2023 earnings releasedFirst 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 11% growth forecast for the Insurance industry in Europe.
お知らせ • Jan 31+ 1 more updateTryg A/S and Tryg Forsikring A/S Announces Management ChangesGroup Chief Executive Officer (CEO) Morten Hübbe has informed the Supervisory Boards of Tryg A/S and Tryg Forsikring A/S that he wishes to step down after 20 years on Tryg's Executive Board. Expansion of the Executive Board in Tryg A/S and Tryg Forsikring A/S With a view to ensure the right mix of competences in the Executive Board going forward, the Company has also announced the appointment of two new members by 1 March 2023. Mikael Kärrsten has been appointed Chief Technical Officer and Alexandra Bastkær Winther has been appointed Chief Commercial Officer, both internal promotions. Mikael Kärrsten (47) has more than 20 years of experience from the insurance industry and comes from a position as Head of Group PPU (Price, Product, Portfolio Management and Underwriting) in Tryg. He has previously held several senior leadership positions with Codan and Trygg-Hansa, including Head of Underwriting. Mikael has been one of the main architects behind Trygg-Hansa's incredibly well-run and profitable business - and he knows the Swedish insurance market better than most. A market which now accounts for up to 45% of the Group's technical result. In addition, Mikael possesses a deep technical understanding of insurance, which is based on a data and insight driven approach. Alexandra Bastkær Winther (37) comes from a position as CEO of Alka Insurance (stand-alone entity within the Tryg group). She has been with Tryg since 2020 where she, prior to her appointment to Alka, as head of Group Strategy and M&A played a key role in the historical acquisition of RSA's Scandinavian activities (Trygg-Hansa and Codan Norway). As Chief Commercial Officer, Alexandra will take over Johan Kirstein Brammer's current areas of responsibilities, which covers enhancement of commercial value creation across the Group, the integration and realisation of synergies from acquisitions as well as the corporate strategy function. According to Morten Hübbe, the appointment of the two new executives will add valuable skills to the highly successful Executive Board that represents years of value creation and continuity.
お知らせ • Jan 27Tryg A/S to Report Fiscal Year 2022 Final Results on Feb 03, 2023Tryg 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 27Full 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 6.8% growth forecast for the Insurance industry in Europe.
Buying Opportunity • Oct 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.2%. The fair value is estimated to be €25.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 17%.
お知らせ • Oct 15Tryg A/S Announces DividendTryg A/S will pay a dividend of DKK 1.58 per share, with an increase of 48% compared to third quarter of last year, starting the dividend growth journey that we're expecting following the large acquisition.
Reported Earnings • Oct 13Third 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 7.3% growth forecast for the Insurance industry in Europe.
お知らせ • Oct 13+ 4 more updatesTryg A/S to Report Q2, 2023 Results on Jul 11, 2023Tryg A/S announced that they will report Q2, 2023 results on Jul 11, 2023
Buying Opportunity • Sep 26Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €26.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 21% per annum over the same time period.
Reported Earnings • Jul 13Second 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 18% growth forecast for the industry in Austria.
お知らせ • Jul 12Tryg A/S Announces Dividend for the Second Quarter of 2022, Payable on 15 July 2022Tryg A/S announced dividend of DKK 1.56 per share for the second quarter of 2022, to be paid on 15 July 2022.
お知らせ • Jun 25Tryg A/S Announces Supervisory Board ChangesTryg A/S announced that at a recent ended employee election in the company, the Danish employees have elected Tina Snejbjerg and Charlotte Dietzer, the Norwegian employees Mette Osvold and the Swedish employees Elias Bakk and Lena Darin as employee representatives of Tryg's Supervisory Board. As substitute members of Tryg's Supervisory Board, the Danish employees have elected Jesper Henrik de Gusmão-Sørensen as personal substitute for Tina Snejbjerg, the Norwegian employees Bjørn Andreas Bøe Grønner as personal substitute for Mette Osvold and the Swedish employees have elected Simon Basdajian as personal substitute for Elias Bakk and Lars Eriksson as personal substitute for Lena Darin. The new board members enter the Supervisory Board on 1 July 2022. At the same time, the former employee representative Gert Ove Mikkelsen will withdraw. After 1 July 2022, the employee representatives of Tryg's Supervisory Board are: Charlotte Dietzer, Tina Snejbjerg, Mette Osvold, Elias Bakk and Lena Darin.
Buying Opportunity • Jun 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be €26.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 7.5%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
Buying Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock is up 1.9%. The fair value is estimated to be €26.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has declined by 7.5%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
Reported Earnings • Apr 28First 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.5.96b (down 2.8% from 1Q 2021). Net income: kr.109.0m (down 87% from 1Q 2021). Profit margin: 1.8% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 14% growth forecast for the industry in Austria.
Buying Opportunity • Feb 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.3%. The fair value is estimated to be kr.25.74, 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 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull 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 84% growth forecast for the insurance industry in Austria.
Reported Earnings • Oct 13Third 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).
Reported Earnings • Jul 10Second 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).
Is New 90 Day High Low • Mar 05New 90-day low: €18.39The company is down 22% from its price of €23.54 on 04 December 2020. The Austrian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.38 per share.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 31% share price decline to kr.18.39, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 21.4x. This compares to an average P/E of 13x in the Insurance industry in Europe.
Analyst Estimate Surprise Post Earnings • Jan 27Revenue misses expectationsRevenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 3.5%, compared to a 1.0% growth forecast for the Insurance industry in Austria.
Reported Earnings • Jan 27Full 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). Combined ratio: 84.5% (down from 85.1% in FY 2019).
Is New 90 Day High Low • Jan 20New 90-day high: €26.96The company is up 4.0% from its price of €25.94 on 22 October 2020. The Austrian market is up 35% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.19 per share.
Reported Earnings • Oct 10Third quarter earnings releasedOver 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.
Analyst Estimate Surprise Post Earnings • Oct 10Third-quarter earnings released: Revenue misses expectationsThird-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 2.2% decline forecast for the Insurance industry in Austria.
お知らせ • Oct 10Tryg A/S to Report Fiscal Year 2020 Results on Jan 26, 2021Tryg A/S announced that they will report fiscal year 2020 results on Jan 26, 2021
お知らせ • Sep 26Tryg A/S to Report Q3, 2020 Results on Oct 09, 2020Tryg A/S announced that they will report Q3, 2020 results at 7:30 AM, Central European Standard Time on Oct 09, 2020
