Brief: Topdanmark Q3 Profit Down At DKK 259 Mln

Topdanmark A/S

25/10/2022 07:38

Oct 25 (Reuters) - Topdanmark A/S  TOP.CO :
    * ASSUMPTIONS FOR 2023: PREMIUM GROWTH IN NON-LIFE OF 2-3.5%
    * ASSUMPTIONS FOR 2023: COMBINED RATIO OF 82.5-85.5
    * Q3 PROFIT AFTER TAX OF DKK 259M (Q3 2021: DKK 356M)
    * Q3 COMBINED RATIO: 80.1 (Q3 2021: 80.0)
    * OUTLOOK: THE ASSUMED COMBINED RATIO FOR 2022 IS NARROWED
FROM
82-84.5 TO 82-83, EXCLUDING RUN-OFF IN Q4 2022.
    * OUTLOOK: PROFIT FORECAST FOR 2022 HAS BEEN LOWERED FROM
DKK
2,100-2,350M TO DKK 2,000-2,150M AFTER TAX, EXCLUDING RUN-OFF IN
Q4 BUT INCLUDING THE EXPECTED NET GAIN OF DKK 1.2BN FROM THE
DIVESTMENT OF TOPDANMARK LIV HOLDING A/S

Further company coverage:  TOP.CO 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))