Q2 2020 Tryg A/S Earnings Call Transcript
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Good morning, everybody. This is Gianandrea Roberti. I'm Head of Investor Relations at Tryg. We published our Q2 results earlier on this morning, and I here have with me Morten Hübbe, Group CEO; and Barbara Plucnar Jensen, Group CFO, to present the results. Over to you, Morten.
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Thank you, Gian, and good morning to all of you. I think we start on Slide 3 with the financial highlights, where we report a very robust Q2 with an overall pretax result higher than DKK 1.5 billion. The technical result was DKK 1.063 billion, driven by a combined ratio of 80.9% while capital markets performed also very strongly in Q2 following a very difficult Q1 and of course, the outbreak of COVID-19. In that sense, you almost need to see Q1 and Q2 together as we saw unusual investment market volatility in both quarters.
Back to the core business. The technical result in Q2 benefits from
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