Fourth Quarter 2009

Fourth quarter 2009 results (compared with fourth quarter 2008)

Almost 10 % premium growth and good result from investments. The insurance
result impacted by lower level of interest rates and increasing claims for
house and content insurances in Denmark. 

The premium growth was positively impacted by the acquisition of Moderna, but
even without Moderna the growth was 3.9 % in local currency 

2010 premium growth is expected to be 3-4 % and combined ratio before run-off
is expected to be 93-95 compared with 96.2 for 2009. 

4Q 2009 key figures

DKKm                    	4Q 08   	4Q 09 	
Premium income          	4,327	4,716           	
Insurance technical result	517	354
Investment results       	-157     	210
Pre-tax profit		348	564
Net income                	80     	448

Combined ratio was 93.3 compared with 90.3 and impacted by lower level of
interest rates and increasing claims for Danish house and content insurances. 

For 2009 a total distribution to shareholders of DKK 1.8bn is proposed of which
cash dividend is DKK 1.0bn (DKK 15.50 per share) and a share buyback program is
DKK 0.8bn. 


Read the entire report at www.trygvesta.com