All Danish customers of Tryg are members of TryghedsGruppen. TryghedsGruppen is the largest shareholder in Tryg with 50% of the shares and is behind TrygFonden, which supports initiatives that strengthen safety, health, and well-being in Danish society.
Each year, TryghedsGruppen allocates substantial funds to philanthropic activities, which are carried out both through TrygFonden and in collaboration with other organisations. In 2026, up to DKK 775 million is allocated to such activities.
TryghedsGruppen has approximately 1.5 million members. All members have voting rights and elect the Board of Representatives, which is the highest governing body of TryghedsGruppen. The Board of Representatives consists of 70 members and decides on key matters such as overall strategy, major investments, and potential bonus payments to members.
If the Board of Representatives determines that TryghedsGruppen’s financial results allow it, a bonus may be paid to members. Since 2016, TryghedsGruppen has distributed a total of DKK 9 billion in member bonus to its members.
TryghedsGruppen’s primary asset is its ownership stake in Tryg. As of December 2025, TryghedsGruppen held approximately 49.4% of the shares in Tryg, and this represents around 95% of the total market value of TryghedsGruppen’s assets.
In addition to its ownership of Tryg, TryghedsGruppen has investments in listed and non-listed assets. Following Tryg’s acquisition of RSA Scandinavia in 2021, which resulted in TryghedsGruppen becoming subject to Solvency II regulation, the investment activities were restructured. The restructuring focused on strengthening liquidity and solvency and on maintaining flexibility to potentially increase the ownership stake in Tryg.
As part of this strategy, TryghedsGruppen aims to maintain a liquid portfolio of a minimum of DKK 1–2 billion. This portfolio is primarily invested in listed, liquid instruments, mainly bonds with relatively short duration.
TryghedsGruppen also holds investments in non-listed funds, including private equity, credit, and property funds. This portfolio is being gradually reduced as part of the post-RSA acquisition restructuring.
Historically, TryghedsGruppen held a number of larger direct investments. This portfolio has been significantly reduced and currently consist of a 14% stake in Danish company Falck. TryghedsGruppen does not pursue new investments of this type.
Twice a year, TryghedsGruppen publishes an overview of its holdings on its website. For the latest, click here.