Tryg A/S Ord New (TGVSF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.151 -- 00:00:03.812 Good morning, everybody. My name is Gianandrea Roberti. 00:00:03.812 -- 00:00:08.894 I'm head of financial reporting at TREC. We published our Q2 figures earlier this 00:00:08.894 -- 00:00:13.576 morning, and I'm here with me, Johan Brammer, our Group CEO, Allan Thaysen, our Group 00:00:13.576 -- 00:00:18.117 CFO, and Mikael Kirstein, our Group CTO, to present the numbers. 00:00:18.117 -- 00:00:21.826 And with these few words, over to you, Johan. 00:00:21.826 -- 00:00:25.170 Thanks a lot, Gian, and a good morning from me as well. 00:00:25.170 -- 00:00:30.636 Today, we report our Q2 earnings, and I will, as usual, begin with the financial 00:00:30.636 -- 00:00:32.197 highlights. 00:00:32.197 -- 00:00:35.040 So, revenue grew by 3.3%, 00:00:35.040 -- 00:00:39.826 with a good solid growth of 5% in the private segment, partly offset by a small revenue 00:00:39.826 -- 00:00:45.107 drop in the commercial segment, which I'll come back to later in this presentation. 00:00:45.107 -- 00:00:49.911 The insurance service result totaled 2.39 billion, when adjusting for the well-known 00:00:49.911 -- 00:00:55.035 one-off charge of 1.2 billion disclosed on April 28, linked to the workers' 00:00:55.035 -- 00:00:56.816 comp. 00:00:56.816 -- 00:01:00.880 Including this charge, the reported insurance service result is 1.19 billion for the 00:01:00.880 -- 00:01:06.012 quarter. The combined ratio, based on the adjusted insurance service result, 00:01:06.012 -- 00:01:11.181 was an excellent 77.4, boosted by a very strong rock-solid 00:01:11.181 -- 00:01:15.628 Norwegian performance. Please note that this quarter recorded last claims significantly 00:01:15.628 -- 00:01:18.329 above quarterly guidance. 00:01:18.385 -- 00:01:22.311 We're pleased, very please...