Tryg A/S reported earnings results for the first quarter of 2018. For the quarter, the company's premiums growth of 2.2% in local currencies. Technical result was DKK 563 million against DKK 568 million a year ago. The company reported lower investment income of DKK 9 million compared to DKK 223 million last year primarily due to the drop in equities, where MSCI is down 2% this year compared to up 5% in First Quarter last year and, of course, rising interest rates. Pre-tax result was DKK 553 million. The overall pre-tax result is impacted by a much lower investment income primarily due to a drop in the MSCI equity index of approximately 2%. For the quarter, the company reported gross premium income of DKK 4,420 million as compared to DKK 4,458 million for the same period last year. Profit from continuing business was DKK 426 million as compared to DKK 608 million for the same period last year. Profit for the period was DKK 426 million as compared to DKK 605 million for the same period last year. Basic and diluted earnings per share was DKK 1.41 as compared to DKK 2.20 for the same period last year. Total cash flow from operating activities was DKK 1,950 million as compared to DKK 1,524 million for the same period last year. Purchase of operating equipment was DKK 3 million as compared to DKK 2 million for the same period last year.

The overall tax rate is expected to be 22-23% for the full year 2018.