Q1 2021 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 Q1 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 welcome from my side as well. We start on Slide 3, where we show the financial highlights of Q1. We clearly see a large positive swing, with an increase of DKK 1.4 billion in the pretax results, reflecting, of course, very, very different capital markets year-on-year.
Technical result is up almost 12%, driven by good underlying improvements, Alka synergies, and lower weather and large claims. Underlying claims improved 80 basis points while flat in Private lines, and improved strongly in Commercial and Corporate lines, where improvements are more
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