Tryg A/s · OMXCOP:TRYG
Tryg A/s — Investor Presentation (February 2022)
12 slides from Tryg A/s's investor presentation, Feb 22, 2022
Slide 1: Welcome
Welcome Tryg | Garanti
Slide 2: Agenda for today
Agenda for today 1 Introduction to Tryg Garanti 2 Our business model 3 Financial performance and reinsurance 4 Tryg Garanti in Europe 2
Slide 3: Tryg Garanti has a long history in Denmark, with roots dating back more than 100 years
Tryg Garanti has a long history in Denmark, with roots dating back more than 100 years The portfolio was originally known as Dansk Kaution • The portfolio was founded in 1895 • Has been part of Tryg since 1998 • In 2006 the portfolio was rebranded to Tryg Garanti 3
Slide 4: 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 Seller Buyer • Protects the client of a Counterparty risk policyholder against non- from
Slide 5: Branding is separate due to the nature of our products
Branding 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 The client traditional banking Underwriting experience Profitability products, such as ba
Slide 6: The Champions model is central for the success
The Champions model is central for the success Our organisation is based on the Champions model that Tryg adopted in 2016 Market focus Account- ability Champions Functional excellence Focus areas New business develop- ment 6 22-02-2022
Slide 7: We are on a profitable growth trajectory
We are on a profitable growth trajectory Focus is now to realise the TGE is on a highly profitable growth trajectory potential to double TR towards 2024 TGE Premiums (DKK m) Technical result (DKK m) 547 647 437 469 527 307 326 327 347 390 211 260 385 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’17 ’18 ’19 20 21 182
Slide 8: Reinsurance mitigate risk and reduce capital consumption
Reinsurance mitigate risk and reduce capital consumption The surety business is by nature volatile. The volatility Our reinsurance programme is robust is managed by reinsurance 300 250 ~80% the exposure of TGE is covered by reinsurance 200 150 “Risk attaching” reinsurance means 100 protection for th
Slide 9: Our growth journey throughout Europe started in 2006 and we are now scheduling entry into UK and Ireland
Our growth journey throughout Europe started in 2006 and we are now scheduling entry into UK and Ireland as the final step in the current plan In recent years we have expanded our footprint across Europe and aim Focus is now to harvest from the to become active in UK and Ireland in 2022 expanded and
Slide 10: Three central focus areas aim to realize the profitable potential of the old and new markets
Three central focus areas aim to realize the profitable potential of the old and new markets Efficiency by Solid High customer Profitable digitisation underwriting satisfaction growth 1 2 3 10
Slide 11: 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 12: Thank you
Fhank you Tryg | Garanti