Tryg AS TRYG

Stock XCSE Rating as of Oct 22, 2026

—

As of Delayed Price

Company Report

Tryg Earnings: Private Insurance Supports Better Year-to-Date Results

Henry Heathfield Oct 12, 2026

While Tryg booked a DKK 1.2 billion pretax provision in second-quarter 2026 in relation to a Supreme Court ruling on Danish workers' compensation, and the commercial unit continues to drag as a result, Tryg's private insurance segment is substantially supporting the business' overall results.

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Price vs Fair Value

View History

TRYG is trading at a LOCK|bWLCjx& premium.

Price

DKK 156.70

Oct 22, 2026

Fair Value

>FJ

Feb 27, 2026

Uncertainty

LOCK|^V^m

1-Star Price: LOCK|R.?f
5-Star Price: LOCK|S.^?
Economic Moat: LOCK|#v$!
Capital Allocation: LOCK|<<V#W#>

Bulls Say, Bears Say

Bulls

Tryg has been efficient at trimming its expenses, and that has led to the establishment of a moat.

Bears

Tryg is not the largest nonlife insurer across the Nordics.

Trading Information

Previous Close Price: —
Day Range: —–—
52-Week Range: —–—
Bid/Ask: — / —
Shares Outstanding: 595.87M
Market Cap: —
Volume/Avg: — / —

Key Statistics

Price/Earnings (Normalized): 15.90
Price/Sales: 2.23
Dividend Yield (Trailing): 5.42%
Dividend Yield (Forward): 5.49%
Dividend Payment Schedule: Jan, Apr, Jul, Oct
Total Yield: 6.62%

Company Profile

For a long period of time Tryg was focussed purely on the Danish market, but over the last two decades the company has built its presence in Scandinavia more broadly. So, while this nonlife insurer derives close to 50% of its revenue from Denmark, it derives another 30% from Sweden and close to 20% from Norway. Comprehensive motor, third-party, accident, and health are Tryg’s largest lines of business. Tryg insures both companies and private individuals, though private individuals make up close to two-thirds of revenue. In June 2021 Tryg acquired the Scandinavian operations of Royal Sun Alliance. The acquisition provided Tryg with a significant step forward in Sweden, introducing DKK 8 billion of insurance revenue and DKK 1 billion in Norway.

Sector: Financial Services
Industry: Insurance - Diversified
Stock Style Box: Mid Core
Total Number of Employees: 3,393
Website: https://www.tryg.com

Competitors

Valuation

Metric	TRYG	ALV	SAMPO
Price/Earnings (Normalized)	15.90	13.85	14.25
Price/Book Value	2.50	2.64	3.32
Price/Sales	2.23	1.07	2.10
Price/Cash Flow	13.07	16.40	10.83

Price/Earnings

TRYG

ALV

SAMPO

Financial Strength

Metric	TRYG	ALV	SAMPO
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	26.86

Quick Ratio

No chart available

Profitability

Metric	TRYG	ALV	SAMPO
Return on Assets (Normalized)	4.57%	1.18%	6.64%
Return on Equity (Normalized)	12.38%	19.64%	22.45%
Return on Invested Capital (Normalized)	9.69%	14.03%	17.34%

Return on Assets