GJNSY - This Resilient Market Leader Should Trygger Interest Among Dividend Seekers
Executive Summary
In November 2018, the local authorities approved the Alka acquisition by Tryg A/S (OTC:TGVSF)(OTC:TGVSY). Furthermore, the agreement with Danske Bank (OTCPK:DNSKF) was extended. In the meantime, the company reported a technical result of DKK 2.2 billion for the first nine months of 2018. In spite of deterioration in the loss ratio, the Danish company was able to maintain high underwriting standards, by keeping a low expense ratio. Nonetheless, adversely affected by the poor investment return, the insurer will certainly not outperform 2017 in terms of results.
Hopefully,