Brief: Topdanmark Q3 Net Investment Loss DKK 37 Mln

Topdanmark A/S

24/10/2023 07:34

Oct 24 (Reuters) - Topdanmark A/S  TOP.CO :
    * Q3 INSURANCE REVENUE INCREASED BY 2.0%
    * Q3 NET INVESTMENT RESULT WAS DKK -37M (Q3 2022: DKK -118M)
    * DESPITE THE HEADWINDS FROM WEATHER-RELATED CLAIMS,
LARGE-SCALE
CLAIMS IN Q3, THE ASSUMED COMBINED RATIO FOR 2023 HAS BEEN
IMPROVED BY THE RUN-OFF EXPERIENCED IN Q3
    * INSURANCE REVENUE 9M: LOWER GROWTH EXPECTED, PRIMARILY
CAUSED BY
LOWER  INDEXATION ON WORKERS’ COMPENSATION, LOSS OF DISTRIBUTION
AGREEMENT FOR CREDIT CARD-BASED TRAVEL INSURANCE

Source text: https://www.topdanmark.com/binaries/content/assets/corporate/investor-rapporter-og-praesentationer/finansielle-rapporter/2023/3.-kvt/topdanmark-q1-q3-report-2023.pdf/
Further company coverage:  TOP.CO 

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