Leading non-life insurance companies in Denmark Q2 2020, by market share

The Danish non-life insurance company Tryg was the leading company on the Danish non-life insurance market as of the middle of 2020. The company had at that point a market share of nearly 23 percent, followed by Topdanmark, Codan and Alm. Brand. During that period, Tryg's revenue in gross premiums written of almost ten billion Danish kroner, while Topdanmark had around 6.9 billion, Topdanmark just over 4.8 billion, and Alm. Brand a little more than 2.7 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 2020 reached around 14 billion Danish kroner, while the Norwegian market generated around 6.4 billion, and the Swedish around 2.2 billion.

Is Tryg a profitable company?

   Tryg’s combined ratio was below 100 during the period from 2009 to 2020but fluctuated during the period. Their combined ratio was relatively stable and overall slightly declining during the second half of the observed period. In 2020, the ratio was 84.5 percent, which was slightly below the previous year.