- Tryg’s reported combined ratio for the first quarter is 84.2%, which is better than the estimated 85.2%.
- The company’s pretax profit reached DKK 1.49 billion, surpassing the forecasted DKK 1.19 billion.
- Tryg achieved an insurance service result of DKK 1.54 billion, exceeding the anticipated DKK 1.46 billion.
- There are currently 12 buy recommendations, 5 hold recommendations, and no sell recommendations for Tryg.
A look at Tryg A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tryg A/S, a company that offers general insurance services in Sweden, Denmark, and Norway, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With a strong focus on providing dividends, Tryg A/S has been assigned a high score of 5 in this category, indicating its commitment to rewarding shareholders. Additionally, the company has received favorable scores of 4 in both Resilience and Momentum, showcasing its ability to weather challenges and maintain positive growth trends.
While Tryg A/S scores moderately in the Value and Growth categories with scores of 3, its overall Smart Score portrays a company with solid fundamentals and a sound strategic direction. As Tryg continues to expand its general insurance products across private, commercial, and corporate segments, coupled with its subsidiary’s operations in guarantee insurances in the Nordic region, investors can potentially look forward to a stable and rewarding investment opportunity in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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