Tryg A/S Ord New (TGVSF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.536 Good morning, everybody. My name is Gian Andrea Roberti. 00:00:03.536 -- 00:00:06.620 I'm a head of financial reporting at TREC. 00:00:06.620 -- 00:00:11.708 We published our Q1 figures earlier this morning, and I have here with me Johan Brammer, 00:00:11.708 -- 00:00:16.855 our Group CEO, Alan Tyson, our Group CFO, and Mikkel Schersten, our Group CTO, 00:00:16.855 -- 00:00:22.120 to present the numbers. With these few words, over to you, Johan. 00:00:22.182 -- 00:00:25.227 Thanks a lot, Gian, and a very good morning from me as well. 00:00:25.227 -- 00:00:30.136 This is a good day, and I will go straight to the first section of the presentation. 00:00:30.136 -- 00:00:34.761 Well, I'll start by commenting on the financial highlights as usual, as well as comment 00:00:34.761 -- 00:00:37.244 a bit on the revenue development. 00:00:37.244 -- 00:00:41.409 So, TOEIC reports a premiums growth of 3.5%, primarily 00:00:41.409 -- 00:00:46.375 driven by the private segment, and in particular by our Norwegian business, whereas the 00:00:46.375 -- 00:00:50.419 commercial segment reports a lower growth, also following a challenging first-of-gen 00:00:50.419 -- 00:00:52.419 renewal. 00:00:52.582 -- 00:00:56.106 The insurance service result was a strong 1.655 00:00:56.106 -- 00:01:01.231 billion DKK, driven by a strong combined ratio of 84%. 00:01:01.593 -- 00:01:06.278 The group underlying claims ratio improved by 45%, showing an improvement compared to 00:01:06.278 -- 00:01:08.019 recent trends. 00:01:08.019 -- 00:01:12.882 This is primarily driven by profitability initiatives in Norway. 00:01:13.284 -- 00:01:17.788 The investment result was 2 million GKK positive in a quarter that experienced the return 00:01:17.788 -- 00:01:22.873 of sharp vol...