Brief: Topdanmark Q2 Profit After Tax Falls To DKK 265 Mln

Topdanmark A/S

15/07/2022 07:37

July 15 (Reuters) - Topdanmark A/S  TOP.CO :
    * TOPDANMARK HALF-YEAR REPORT FOR 2022
    * Q2 PROFIT AFTER TAX OF DKK 265M (Q2 2021: DKK 522M)
    * Q2 EPS WAS DKK 3.0 (Q2 2021: DKK 5.9)
    * Q2 COMBINED RATIO: 79.4 (Q2 2021: 79.3)
    * PROFIT FORECAST MODEL FOR 2022: ASSUMED COMBINED RATIO FOR
2022
HAS BEEN IMPROVED FROM 83-86 TO 82-84.5, EXCLUDING RUN-OFF IN
H2.
    * PROFIT FORECAST MODEL FOR 2022: PROFIT FORECAST FOR 2022
HAS
BEEN LOWERED FROM DKK 2,250-2,500M TO DKK 2,100-2,350M AFTER
TAX, EXCLUDING RUN-OFF IN H2 BUT INCLUDING THE EXPECTED NET GAIN
OF DKK 1.2BN FROM THE DIVESTMENT OF TOPDANMARK LIV HOLDING
    * PROFIT FORECAST MODEL FOR 2022: EXPECTED PREMIUM GROWTH IN
NON-LIFE IS UNCHANGED AT 3-4.5%.


Further company coverage:  TOP.CO 

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