Leading non-life insurance companies in Denmark Q4 2018, by market share

The Danish non-life insurance company Tryg was the leading company on the Danish non-life insurance market by the end of 2018. The company had at that point a market share of more than 17 percent and was followed by Topdanmark, Codan and Alm. Brand. During that period, Tryg had a revenue in gross premiums written of almost ten billion Danish kroner, while Topdanmark had around nine billion, Codan nearly six, and Alm. Brand a little more than five billion.

Tryg’s markets

   Although Tryg’s largest market is domestic, the company also operates in the other Scandinavian countries and the Norwegian market is the second largest. Their gross premium income from the Danish market in 2019 reached around 13.2 billion Danish kroner, while the Norwegian market generated around 6.5 billion, and the Swedish around 2.1 billion.

Is Tryg a profitable company?

   Tryg’s combined ratio was below 100 during the period from 2009 to 2019 but fluctuated during the period. Their combined ratio was relatively stable and overall slightly declining during the second half of the observed period. In 2019, the ratio was 85.1 percent, which was the same as the previous year.