Welcome to TrygVesta's first IR newsletter. This issue marks the beginning of a regular issue of newsletters in which we will highlight topical issues to enhance understanding of the factors influencing TrygVesta's performance. This first issue looks at provisions and run-off. TrygVesta's financial results since being listed in 2005 have been supported by annual run-off results in the order of DKK 550-800m. In this newsletter, we will give a detailed account of how these run-off results arise and explain why we expect positive run-off results in future as well.