Tryg A/s · OMXCOP:TRYG
Tryg A/s — Tryg Garanti — Investor Presentation (February 2023)
12 slides from Tryg A/s's investor presentation, February 2023
Slide 1: Welcome
Welcome Tryg | Garanti
Slide 2: Agenda for today
Agenda for today Introduction to Tryg Garanti and our 1 business model 2 Financial performance and reinsurance 3 Tryg Garanti expansion and strategy 4 Market potential 2
Slide 3: Our business model is all about counter party risk
Our business model is all about counter party risk Our business model is centered around As such the purpose of the products are to protect mitigating counterparty risk against losses in commercial relationships • Protects the client of a policyholder against non- Seller Buyer performance by the pol
Slide 4: The brand is separate due to the nature of our products
The brand is separate due to the nature of our products Characteristics There are three central areas in which we are different to the traditional P&C products ▪ The products are characterized by being closer to Trade The client Finance banking Underwriting experience Profitability products methodol
Slide 5: We are on a solid premium growth trajectory
We are on a solid premium growth trajectory With a difficult claims environment in 2022 behind us, our growth and Our aspirations are ambitious profitability potential remains intact Premiums (DKK m) MDKK 1.000 premium / MDKK 400 TR in 2025 647 739 437 469 527 547 307 326 327 347 390 1,000 211 260 ’
Slide 6: We use reinsurance to mitigate risk and reduce capital consumption
We use reinsurance to mitigate risk and reduce capital consumption The surety business is volatile by nature. The volatility Our reinsurance programme is robust is managed by reinsurance 300 250 ~80% the exposure of Tryg Garanti is covered by reinsurance 200 150 “Risk attaching” reinsurance means 10
Slide 7: Our growth journey throughout Europe started in 2006
Our growth journey throughout Europe started in 2006 In recent years we have expanded our footprint across Europe Focus is now to harvest from the Final countries in current plan are UK and Ireland expanded and strong foothold No. 1 surety provider in Denmark, Norway and Finland Finland. Runner up i
Slide 8: We aim to realize the profitable potential of the old and new markets with three central focus areas
We aim to realize the profitable potential of the old and new markets with three central focus areas Efficiency by Solid High customer Profitable digitisation underwriting satisfaction growth 1 2 3 8
Slide 9: An example of this is how we will lift sales through integrated solutions
An example of this is how we will lift sales through integrated solutions Tryg Garanti stands on a strong We plan to harness our unique ability and use that position to increase distribution digital foundation for both channels through integrated solutions products Tryg Garanti is focused on three c
Slide 10: New capital regulation in the banking sector provide tailwinds
New capital regulation in the banking sector provide tailwinds Across the markets we are in, banks are largest However, their interest is waning due to lower players profitability from new capital requirements - we aim to seize the opportunity 0% 20% 40% 60% 80% 100% Belgium 85% 15% Insurance Denmar
Slide 11: Harnessing those tailwinds will allow us to capture market shares
Harnessing those tailwinds will allow us to capture market shares in an industry with strong historical performance and large potential Market growth and profitability potential is strong Surety – Premiums, Claims and Claims Ratios – ICISA Members (excl. Reinsurance) Our aspirations remain ambitious
Slide 12: Thank you
Fhank you Tryg | Garanti