Q3 2020 Tryg A/S Earnings Call Transcript
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Good morning, everybody. My name is Gianandrea Roberti. I'm Head of Investor Relations at Tryg. We published our Q3 results earlier on this morning. And I have here with me Morten Hubbe, Group CEO; and Barbara Plucnar Jensen, Group CFO, to present the numbers.
Over to you, Morten.
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Thank you, Gian, and good morning from my side as well.
And we start on Slide 3 with the financial highlights of the third quarter, which is a pretax result of DKK 1.15 billion driven by a technical result of DKK 980 million and robust investment income of DKK 237 million. The technical result increased 13% year-on-year primarily driven by a good Private growth, continuous positive development in the core business, the delivery of Alka synergies and a small positive impact from lower frequencies driven by COVID-19. The investment result was boosted by a good return from equities,
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