Tryg’s Supervisory Board has today approved the annual report for 2025.
Tryg reported an insurance service result of DKK 7,945m (DKK 7,056m) and a combined ratio of 80.3% (81.7%) in 2025. The higher insurance service result was supported by the profitability turnaround in Norway, a growth of 3.8% (4.1%) in local currencies, and a continued underlying profitability improvement. The investment result was at DKK 778m (DKK 911m). Pre-tax profit was DKK 7,212m (DKK 6,303m) and profit after tax was DKK 5,405m (DKK 4,816m). Ordinary dividend of DKK 8.20 (DKK 7.80) per share for the year is an increase of more than 5% from the previous year. In addition, a share buyback programme of DKK 1bn is launched and expected to be concluded no later than 13 May 2026. With this, the reported solvency ratio at the end of 2025 was 196% (204% Q3 2025), supportive of future shareholder remuneration.
Financial highlights 2025
Insurance revenue growth of 3.8% in local currencies (4.1%)Insurance service result of DKK 7,945m (DKK 7,056m)Combined ratio of 80.3% (81.7%)Expense ratio of 13.4% (13.5%)Investment result of DKK 778m (DKK 911m)Profit before tax of DKK 7,212m (DKK 6,303m)Ordinary dividend of DKK 8.20 (DKK 7.80) per share, DKK 1bn share buyback programme announced, and solvency ratio of 196% (204% Q3 2025)
Financial highlights Q4 2025
Insurance revenue growth of 4.1% in local currencies (3.6%)Insurance service result of DKK 1,918m (DKK 1,708m)Combined ratio of 81.4% (82.5%)Expense ratio of 13.6% (13.3%)Investment result of DKK 171m (DKK -265m)Profit before tax of DKK 1,707m (DKK 1,033m)Ordinary dividend of DKK 2.05 (DKK 1.95)
Customer highlights 2025
Customer satisfaction score of 82 (baseline 2024 is 81)
Statement by Tryg Group CEO, Johan Kirstein Brammer:
2025 was yet another eventful year for Tryg with strong deliveries on our commitments to customers and shareholders. We have had a solid start to the new strategy
