Brief: Topdanmark Q4 EPS Slightly Below Consensus
24/01/2023 07:12
Jan 24 (Reuters) - Topdanmark Q4 net income DKK 1,410 million vs. estimate DKK 1,478 million. * Q4 EPS DKK 15.9 vs. estimate DKK 16.6 * Q4 combined ratio 80.9% vs. estimate 81.5% * Q4 combined ratio ex run-off 81.7% vs. estimate 83.4% * Board of Directors will recommend dividend DKK 53.5 per share for 2022 * Post-tax profit forecast model for 2023 amounts to DKK 1,050-1,310 million, excluding run-off * Assumed combined ratio for 2023 is adjusted to 83-86 excluding run-off * 2023 expected premium growth in non-life is unchanged at 2-3.5%
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