Brief: Topdanmark Q4 Post-Taxprofit Up At DKK 571 Mln

Topdanmark A/S

22/01/2021 11:45

Jan 22 (Reuters) - Topdanmark A/S  TOP.CO :
    * Q4 POST-TAXPROFIT OF DKK 571M (Q4 2019: DKK 431M)
    * Q4 COMBINED RATIO: 85.1 (Q4 2019: 88.3)
    * Q4 PREMIUMS INCREASED BY 6.0% IN NON-LIFE INSURANCE AND
DECREASED BY 13.9% IN LIFE INSURANCE.
    * Q4 PROFIT ON LIFE INSURANCE WAS DKK 74M (Q4 2019: DKK
36M).
    * BOARD OF DIRECTORS WILL RECOMMEND TO AGM ON 25 MARCH 2021
THAT A
DIVIDEND OF DKK 1,035M WILL BE DISTRIBUTED FOR 2020
    * COMPARED WITH PROFIT FORECAST MODEL FOR 2021 IN Q3 REPORT,
ASSUMED COMBINED RATIO FOR 2021 HAS BEEN IMPROVED FROM ABOUT 90
TO 89-90 EXCLUDING RUN-OFF
    * 2021 EXPECTED PREMIUM GROWTH IN NON-LIFE REMAINS UNCHANGED
AT
JUST ABOVE 3%
    * POST-TAX PROFIT FORECAST MODEL FOR 2021 AMOUNTS TO DKK
1,000-1,100M, EXCLUDING RUN-OFF.

Source text for Eikon:  ID:nNDLc4z85g 
Further company coverage:  TOP.CO 

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