Home Compare HNR1.DE vs TRYG.CO
Stock Comparison · Structural lead, mixed market

Hannover Rück vs Tryg A/S: Which Stock Looks Stronger in 2026?

Hannover Rück SE holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Tryg A/S still has the edge on stability, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-06-14

The clearest separation starts in profitability, but valuation adds another real layer to the result. The overall score gap is 19 points in favour of Hannover Rück SE.

Trajectory Similarity
0.75
Similar
Peer-set rank: #4
within Hannover Rück SE's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

Most of the shared profile comes through margin trend and investment intensity.

Similarity drivers
margin trendinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HNR1.DE
Hannover Rück SE
62
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
TRYG.CO
Tryg A/S
43
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: HNR1.DE vs TRYG.CO Profitability 71 23 Stability 55 68 Valuation 79 60 Growth 33 21 HNR1.DE TRYG.CO
Gap Ranking
#1 Profitability +48
#2 Valuation +19
#3 Stability +13
#4 Growth +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HNR1.DE and TRYG.CO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HNR1.DETRYG.CO Relative valuation Structural strength

Hannover Rück SE looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where HNR1.DE and TRYG.CO each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY HNR1.DE Neutral · below norm 0th 50th 100th 11 pct gap TRYG.CO Elevated · below norm 0th 50th 100th 69th 80th
HNR1.DE (69th percentile) and TRYG.CO (80th percentile) sit at comparable positions within their own 5-year histories. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Hannover Rück SE ranks near the top of the group on profitability; Tryg A/S sits in the weaker half.
Valuation
On valuation, the edge still sits with Hannover Rück SE, even though both profiles look solid.
Profitability — Dominant Gap
HNR1.DE
71
TRYG.CO
23
Gap+48in favour of HNR1.DE

Capital efficiency adds support, with a 11.7-point ROIC advantage.

What keeps the gap from being one-sided

Tryg A/S still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

Profitability is the clearest driver of the lead, with valuation adding further support — though stability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the HNR1.DE vs TRYG.CO comparison across all dimensions with the full interactive tool.

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Similar profitability-driven comparisons

Explore how HNR1.DE and TRYG.CO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.