In 2020, TryghedsGruppen had a result of DKK 4.185bn, of which DKK 632m was distributed to TrygFonden's benevolent. The result is approximately DKK 2.5bn higher than in 2019, which is mainly due to a non-recurring effect of approximately DKK 2.6bn after the ownership of Tryg was reduced to 53 per cent in November 2020.
”In the autumn, a large majority of TryghedsGruppen’s Board of Representatives decided to support Tryg and the acquisition of RSA's Scandinavian insurance activities to secure the future of both companies, and support the upcoming transaction. As part of the preparations, we reduced our ownership in Tryg to 53 per cent in November, which has affected our result in 2020,” explains Ida Sofie Jensen, Chair of the board of TryghedsGruppen.
The annual result means that TryghedsGruppen's Board of Directors recommends a bonus to be paid out to members of TryghedsGruppen - customers of Tryg, Alka and Tryg's partners - in 2021 of 5 per cent of the insurance premiums for 2020. Thus, the member bonus is expected to amount to DKK 715m. The recommendation must be finally approved by the Board of Representatives in March.
Ida Sofie Jensen, Chair of the board of TryghedsGruppenIt remains our ambition to pay out member bonuses in the coming years as well
“At TryghedsGruppen, we constantly focus on being a good and long-term owner of Tryg, being a significant benevolent actor through TrygFonden and at the same time maintaining a strong relationship with the members. Bonuses and other member activities are important elements in this relationship, and it remains our ambition to pay out member bonuses in the coming years as well,” says Ida Sofie Jensen.
Tryg’s expected capital increase also affected the investment result for the year, which was DKK 146m. This is 3.7 percent lower than 2019. In November 2020, TryghedsGruppen realised most of its liquid investments in order to obtain funds for use in Tryg’s expected capital increase. Furthermore, the result was also affected by the developments in the financial markets in connection with the corona pandemic.
TryghedsGruppen's assets at the end of 2020 remains at DKK 43bn, with 71 per cent tied up in Tryg, 25 per cent in asset management and 4 per cent in direct investments in Falck, Falck Healthcare and SATS.