Brief: Topdanmark - Q4 Net Profit at DKK 431 mln

Topdanmark A/S

23/01/2020 11:04

Jan 23 (Reuters) - Topdanmark A/S  TOP.CO :
    * Q4 PREMIUMS INCREASED BY 4.4% IN NON-LIFE INSURANCE AND 0.9% IN LIFE INSURANCE
    * 2020 PROFIT FORECAST: ASSUMED COMBINED RATIO FOR 2020 REMAINS UNCHANGED AT ABOUT 90
EXCLUDING
RUN-OFF
    * 2020 PROFIT FORECAST: EXPECTED PREMIUM GROWTH IN NON-LIFE ALSO REMAINS UNCHANGED AT ABOUT
SAME
LEVEL AS IN 2019 (2.9%)
    * Q4 COMBINED RATIO 88.3 
    * 2020 PROFIT FORECAST: POST-TAX PROFIT FORECAST MODEL FOR 2020 AMOUNTS TO DKK 950-1,050M,
EXCLUDING RUN-OFF
    * NET PROFIT DKK 431 MILLION ( REFINITIV POLL DKK 392.3 MILLION)
    * BOARD OF DIRECTORS WILL RECOMMEND TO AGM THAT A DIVIDEND OF DKK 1,530M BE DISTRIBUTED FOR
2019
    * PROPOSES DIVIDEND AT DKK 17 PER SHARE

Source text for Eikon:  ID:nNDL3qMxvR 
Further company coverage:  TOP.CO 

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