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Danish insurer's profit declines 30%


Danish insurer TrygVesta Forsikring A/S' net profit declined nearly 30% to 426 million Danish kroner ($70.5 million) in the first quarter from DKK 605 million in the first quarter of 2017, reported. The fall in profit was driven by low investment returns and a four-fold rise in the number of claims related to pipe damage from frost. Premiums grew more than 2% year over year in the first quarter.

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