Brief: Topdanmark Q4 Post-Tax Profit At DKK 259 Million, Below Estimates

Topdanmark A/S

24/01/2019 11:10

Jan 24 (Reuters) - Topdanmark A/S  TOP.CO :
    * REG-TOPDANMARK ANNOUNCEMENT OF 2018 ANNUAL RESULTS
    * Q4 POST-TAX PROFIT DKK 259 MILLION (REUTERS POLL DKK 287 MILLION)
    * Q4 COMBINED RATIO 81.7 PERCENT (REUTERS POLL 83.1 PERCENT)
    * Q4 PREMIUMS EARNED NON-LIFE INSURANCE DKK 2.25 BILLION (REUTERS POLL DKK 2.17 BILLION)
    * PROPOSES FY DIVIDEND OF DKK 15 PER SHARE (REUTERS POLL: DKK 15.2/SHARE)
    * POST-TAX PROFIT FORECAST MODEL FOR 2019 AMOUNTS TO DKK 1,000-1,100M, EXCLUDING RUN-OFF.
    * HIGHER PREMIUM GROWTH IS EXPECTED IN 2019 COMPARED TO ACTUAL GROWTH IN 2018
    * ASSUMED COMBINED RATIO FOR 2019 REMAINS UNCHANGED AT 89-90

Source text for Eikon:  ID:nGNE6HBzWR 
Further company coverage:  TOP.CO 

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