Brief: Topdanmark Proposes Dividend Representing DKK 53.5 Per Share

Topdanmark A/S

24/01/2023 07:15

Jan 24 (Reuters) - Topdanmark A/S  TOP.CO :
    * BOARD OF DIRECTORS WILL RECOMMEND TO THE AGM THAT
DISTRIBUTION
OF A TOTAL DIVIDEND OF DKK 4,815M TAKES PLACE, REPRESENTING DKK
53.5 PER SHARE
    * POST-TAX PROFIT FORECAST MODEL FOR 2023 AMOUNTS TO DKK
1,050-1,310M, EXCLUDING RUN-OFF.
    * ASSUMED COMBINED RATIO FOR 2023 IS ADJUSTED TO 83-86
EXCLUDING
RUN-OFF DUE TO RISING LONG INTEREST RATES, REMOVAL OF THE VA
COMPONENT, AND HIGHER EXPECTED REINSURANCE PRICES
    * OUTLOOK 2023: EXPECTED PREMIUM GROWTH IN NON-LIFE IS
UNCHANGED
AT 2-3.5%

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