TryghedsGruppen is a member based organisation wth all the Danish customers of insurance company Tryg and Alka as our members. TryghedsGruppen is the majority shareholder in Tryg, and is responsible for funding TrygFonden.
Each year TryghedsGruppen supports projects promoting safety, health and well-being in the Danish society. In 2020, TryghedsGruppen spend more than DKK 600 million on benevolent acitivities both through direct donations and in partnerships with other filantrophic organisations.
1.3 million people in Denmark are insured through Tryg, and are therefore members of TryghedsGruppen. As a member you have the right to vote to our board of representatives and to receive a bonus if TryghedsGruppens financial result supports it. Since 2016 TryghedsGruppen has paid out more than 4 billion DKK in bonus to our members.
TryghedsGruppen is governed by a Board of Representatives. The Board is composed of 70 members who have been elected by the members. Decisions regarding overall strategy, frameworks for financial distributions, as well as the level of bonus payments to members, are made by the Board of Representatives.
In addition to a majority shareholding in Tryg, where TryghedsGruppen currently (February 2021) holds 53% of shares, TryghedsGruppen has investments in a number of investment funds, as well as direct investments in the companies Falck, Falck Healthcare and SATS.
TryghedsGruppens main investment is the ownership of Tryg which makes up more than 80% of the market value of TryghedsGruppen’s assets. Furthermore TryghedsGruppen has a number of direct investments, a portfolio of non-listed funds, and a liquidity buffer invested in highly liquid listed assets. As a consequence of TryghedsGruppens decision to support Tryg in the acquisition of RSA Scandinavia TryghedsGruppen’s investment activities are being restructured with a focus on liquidity. It is the aim to release funds in order to increase TryghedsGruppen’s ownership of Tryg.
TryghedsGruppen has invested selectively in companies that promote public safety and health, and which provide products and services that align with the values and reputation of the Tryg family.
In addition to our majority shareholding in Tryg, TryghedsGruppen also has an ownership stake in Falck Healthcare, Falck and SATS.
Portfolio of non-listed funds
TryghedsGruppen has a number of investments in non-listed funds. These comprise classical private equity funds but also credit and property funds. The portfolio is gradually being unwinded as a consequence of TryghedsGruppens decision to support Tryg in the acquisition of RSA Scandinavia.
With the restrucutring of the investment activities focus is on liquidity and TryghedsGruppens aims at retaining a liquidity buffer of 1-2 bn DKK. The buffer is invested in liquid listed assets mainly bonds with a relatively short duration.
TryghedsGruppen’s practice is guided by the commonly held code of ethics drawn up by the UNPRI guidelines. Furthermore, our Board has decided that we should not invest in alcohol and tobacco firms, nor in companies whose main activity is the extraction of fossil fuels.
We apply these ethical guidelines not only to our own activities, but also to the activities of our external asset managers, who commit to the same ethical principles when managing our assets. For that reason, we monitor the activities of these managers to ensure that they are in alignment with TryghedsGruppen’s ethos.
We will not invest in:
- Companies that have activities in countries which do not enforce Danish or UN boycotts.
- Companies whose activities violate Danish law (e.g. money laundering).
- Companies whose activities violate UN conventions (e.g. child labour, racial and other forms of discrimination).
- Companies that support particular political or religous movements.
- Companies whose main activity is the manufacture of alcohol, tobacco and other harmful products.
- Companies that manufacture arms.
- Companies that might otherwise cause damage to the reputation of TryghedsGruppen.
- Companies whose main activity is the extraction of fossil fuels.