Tryg A/s · OMXCOP:TRYG
Tryg A/s — UBS Nordic Financials Conference 2014
6 slides from Tryg A/s's conference presentation, Sep 18, 2014
Slide 1: UBS Nordic Financials Conference
UBS Nordic Financials Conference 18 September 2014 CFO Tor Lønnum Download presentation at Tryg.com
Slide 2: Financial targets
Financial targets ROE after tax of 20% to be achieved by delivering a full year combined ratio of 90 or lower. Expense ratio <15 in 2015 ROE after tax 40% 30% ROE target 20% 10% 0% 14 05 06 07 08 09 10 11 12 13 14 15 20 20 20 20 20 20 20 20 20 20 20 20 1 H 2
Slide 3: Strategic initiatives 2014
Strategic initiatives 2014 Increased price differentiation Customer journey & success culture Expenses/claims reductions IT operational stability 3
Slide 4: Dividend policy
Dividend policy - creating long-term value for our shareholders • Payout ratio of 60–90%. • Aiming for a nominal stable increasing dividend. • Ambitious ROE target of 20% after tax calls for disciplined capital approach. • Adjustment of the capital level can be made via share buy back. Total distrib
Slide 5: Capital structure and status on share buy back
Capital structure and status on share buy back Capital – Q2 2014 DKKm • Capital buffer based on Individual 12,000 Solvency increased to 63% (2013 Q4: 50%) and was impacted by: Excess capital • H1 result 2014 8,000 4,218 Buffer • H1 share buy back deducted in buffer. Capital requirement 4,000 6,734 •
Slide 6: Highlights Q2 2014
Highlights Q2 2014 - Improved results and positive trend in premium income. Pre-tax profit D KKm 1,150 1,200 • Pre-tax profit of DKK 1,150m (DKK 688m). 1,000 800 688 600 • Technical result of DKK 941m (DKK 684m). 400 200 0 • Combined ratio improved by 6.0 pp. to 80.7 Q2 2013 Q2 2014 (86.7). Combined