Morten Hubbe - Tryg AS CEO

TRYG Stock  DKK 163.40  0.10  0.06%   

CEO

Mr. Morten Hubbe was Group Chief Executive Officer of Tryg AS since 2011 and Member of the Executive Board since January 1, 2016. Previously, he was Member of the Executive Management and Member of the Group Executive Management of the Company from 2003 until January 1, 2016. Previously, he served as Group Chief Financial Officer of the Company from 2002 until 2011. He joined Tryg in 2002. Prior to this, he was Nordic Chief Financial Officer at Zurich Nordic, Deputy Chief Financial Officer at Zurich Nordic, Operations Manager Nordic Investment Department at Zurich Nordic, Financial Analyst at Alm. Brand Forsikring and Controller at Zurich since 2016.
Age 51
Tenure 8 years
Phone45 70 11 20 20
Webhttps://www.tryg.com
Hubbe serves as Member of the Boards of Directors of Simcorp A/S and KBC BV, as well as Chairman of Alka and Deputy Chairman of Kapitalforeningen Tryg Invest Funds. He holds BS degree in International Business Administration and Modern Languages, and MS degree in Finance and Accounting. He also completed management program at Wharton.

Tryg AS Management Efficiency

The company has return on total asset (ROA) of 0.0227 % which means that it generated a profit of $0.0227 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0491 %, meaning that it generated $0.0491 on every $100 dollars invested by stockholders. Tryg AS's management efficiency ratios could be used to measure how well Tryg AS manages its routine affairs as well as how well it operates its assets and liabilities.
Tryg AS has accumulated 10.34 B in total debt with debt to equity ratio (D/E) of 0.13, which may suggest the company is not taking enough advantage from borrowing. Tryg AS has a current ratio of 0.24, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Tryg AS until it has trouble settling it off, either with new capital or with free cash flow. So, Tryg AS's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Tryg AS sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tryg to invest in growth at high rates of return. When we think about Tryg AS's use of debt, we should always consider it together with cash and equity.

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Tryg AS, together with its subsidiaries, provides insurance products and services for private and corporate customers, and small and medium sized businesses in Denmark, Norway, and Sweden. The company was founded in 1731 and is headquartered in Ballerup, Denmark. Tryg AS operates under Insurance - General classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 4550 people. Tryg AS (TRYG) is traded on Copenhagen Exchange in Denmark and employs 6,518 people.

Management Performance

Tryg AS Leadership Team

Elected by the shareholders, the Tryg AS's board of directors comprises two types of representatives: Tryg AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tryg. The board's role is to monitor Tryg AS's management team and ensure that shareholders' interests are well served. Tryg AS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tryg AS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johan Brammer, Chief Commercial Officer, Member of the Executive Board
Barbara Jensen, Group CFO, Member of the Executive Board
Gianandrea Roberti, Investor Relations Officer
Lars Bonde, COO, Group Executive VP of Private, Country Manager of Denmark and Member of Group Executive Management
Espen Stroemme, VP Norway
Jens Galsgaard, Chief Auditor
Tanja Frederiksen, Head Communications
Linna Ecorcheville, Managing Forsakringar
Morten Hubbe, Group CEO, Member of the Executive Management, Member of the Group Executive Management
Jesper Joensen, Group Executive Vice President Claims; Member of the Group Executive Management

Tryg Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tryg AS a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Other Information on Investing in Tryg Stock

Tryg AS financial ratios help investors to determine whether Tryg Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tryg with respect to the benefits of owning Tryg AS security.