Brief: Topdanmark Q2 Post-Tax Profit Up At DKK 391 Million

Topdanmark A/S

18/07/2019 11:06

July 18 (Reuters) - Topdanmark A/S  TOP.CO :
    * REG-TOPDANMARK HALF-YEAR REPORT FOR 2019
    * REG-TOPDANMARK HALF-YEAR REPORT FOR 2019
    * H1 POST-TAX PROFIT OF DKK 831M (H1 2018: DKK 613M)
    * H1 EPS WAS DKK 9.5 (H1 2018: DKK 7.1)
    * H1 COMBINED RATIO: 80.7 (H1 2018: 85.5)
    * Q2 POST-TAX PROFIT OF DKK 391M (Q2 2018: 345M)
    * Q2 COMBINED RATIO: 81.4 (Q2 2018: 85.9)
    * Q2 EPS WAS DKK 4.5 (Q2 2018: 4.0)
    * FORECAST 2019: ASSUMED PREMIUM GROWTH FOR NON-LIFE
INSURANCE
CONTINUES TO BE HIGHER THAN THE GROWTH OF 1.7% IN 2018
    * PROFIT FORECAST MODEL FOR 2019: ASSUMED COMBINED RATIO FOR
2019
IMPROVED FROM 86-87 TO 85-86, EXCLUDING. RUN-OFF IN H2 2019
    * POST-TAX PROFIT FORECAST MODEL FOR 2019 IS UNCHANGED DKK
1,250-1,350M, EXCLUDING. RUN-OFF IN H2 2019.

Source text for Eikon:  ID:nGNE4y4gkp 
Further company coverage:  TOP.CO 

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