Tryg A/S Ord New (TGVSF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.835 My name is Gianandrea Roberti. I'm a head of financial reporting at TREC. 00:00:04.835 -- 00:00:09.779 We published our full year figures earlier this morning, and I have here with me Johan 00:00:09.779 -- 00:00:14.884 Brammer, our Group CEO, Allan Theisen, our Group CFO, and Mikael Schersten, 00:00:14.884 -- 00:00:21.269 our Group CTO, to present the report. And with these words, over to you, Johan. 00:00:21.269 -- 00:00:24.332 Thanks a lot, Gian, and good morning from me as well. 00:00:24.332 -- 00:00:28.355 This is a good day, and I'll ask you to go to the financial highlights, the first slide 00:00:28.355 -- 00:00:34.605 of the deck. SROEK is today reporting an insurance service result of 1.918 00:00:34.605 -- 00:00:38.711 billion in Q4, driven by an excellent combined ratio of 81.4%. 00:00:38.711 -- 00:00:40.393 The 00:00:40.393 -- 00:00:45.500 result is delivered through a top-line growth of 4.1%, driven by increased commercial 00:00:45.500 -- 00:00:50.928 activities, as well as profitability measures, especially in Norway. 00:00:50.928 -- 00:00:54.593 In addition, and this is important, the result is also held by a favorable large and 00:00:54.593 -- 00:00:58.520 weather claims experience, despite the storm aiming in Norway. 00:00:58.520 -- 00:01:03.586 This is an example of the benefit we get from being a well-diversified company with three 00:01:03.586 -- 00:01:07.108 strong market positions across Scandinavia. 00:01:07.511 -- 00:01:12.097 The underlying performance continues to develop positively, much in line with recent 00:01:12.097 -- 00:01:16.863 quarters, and more specifically, the underlying claims ratio improves with 30 basis points 00:01:16.863 -- 00:01:21.126 for both the group and for the private segment in Q4. ...