Tryg’s Supervisory Board has today approved the interim report for Q1 2026.
Tryg reported a strong insurance service result of DKK 1,655m (DKK 1,540m) and a combined ratio of 84.0% (84.2%) in Q1 2026. The higher insurance service result was supported by an underlying claims ratio improvement of 40 basis points (up from 30 bps), including solid trends in Norway and a premium growth of 3.5% (3.7%) in local currencies. The investment result was DKK 2m (DKK 320m), showcasing the strength of Tryg’s low-risk investment approach in volatile markets. Pre-tax profit was DKK 1,276m (DKK 1,491m) and profit after tax was DKK 958m (DKK 1,118m). Ordinary dividend of DKK 2.15 (DKK 2.05) per share for the year is an increase of around 5% from the previous year. The reported solvency ratio at the end of Q1 2026 was 192% (196% Q4 2025), supportive of future shareholder remuneration.
Financial highlights Q1 2026
Insurance revenue growth of 3.5% in local currencies (3.7%)Insurance service result of DKK 1,655m (DKK 1,540m)Combined ratio of 84.0% (84.2%)Expense ratio of 13.3% (13.3%)Investment result of DKK 2m (DKK 320m)Profit before tax of DKK 1,276m (DKK 1,491m)Ordinary dividend of DKK 2.15 (DKK 2.05) per share and solvency ratio of 192% (196% Q4 2025)
Customer highlights Q1 2026
Customer satisfaction score of 82 (baseline CMD 2024 is 81)
Statement by Tryg Group CEO, Johan Kirstein Brammer:
We entered the year with momentum and report a strong result for Q1. In our Norwegian market, we have significantly improved profitability. At the same time, we continue to scale customer facing initiatives and procurement activities across Scandinavia to boost competitiveness and lower claims costs. In parallel, we continue to simplify our IT setup with the ambition to improve customer experience and enable greater focus on commercial innovation.
While global tension creates uncertainty, we remained focused on delivering
