Q4 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 Q4 full year results earlier on this morning. And I have here with me Morten Hübbe, Group CEO; Barbara Plucnar Jensen, Group CFO; and Johan Kirstein Brammer, Group CCO. Morten, over to you.
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Thank you, Gian, and good morning to all of you. We start on Slide 3, where we reported pretax for Q4 of more than DKK 1.2 billion, up some 23% compared to Q4 last year. Clearly, technical result is slightly better, while most of the difference comes from the investment return. When we look at the technical result of the fourth quarter, it is 3.4% up year-on-year, whereas the full year technical result is up 8% year-on-year.
Underlying claims for Q4 improved 20 basis points for Private and 60 basis points for the Group, in line with recent developments. In addition,
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