Announcement no. 13/2021
Highlights
Q1-Q3 2021
- Post-tax profit of
DKK 1,513m (Q1-Q3 2020:DKK 553m ) -
EPS was
DKK 17.2 (Q1-Q3 2020:DKK 6.3 ) - Combined ratio: 84.3 (Q1-Q3 2020: 87.0)
- Combined ratio excluding run-off: 86.4 (Q1-Q3 2020: 88.5)
- Premiums increased by 4.6% in non-life insurance and decreased by 9.4% in life insurance.
-
Profit on life insurance was
DKK 371m (Q1-Q3 2020:DKK 44m ). -
After return on non-life insurance provisions, the investment return was
DKK 395m
(Q1-Q3 2020:DKK 214m (loss)).
Q3 2021
- Post-tax profit of
DKK 356m (Q3 2020:DKK 357m ) -
EPS was
DKK 4.0 (Q3 2020:DKK 4.1 ) - Combined ratio: 85.7 (Q3 2020: 89.8)
- Combined ratio excluding run-off profits: 87.6 (Q3 2020: 91.2)
- Premiums increased by 4.4% in non-life insurance and decreased by 0.7% in life insurance.
-
Profit on life insurance was
DKK 113m (Q3 2020:DKK 69m ). -
After return on non-life insurance provisions, the investment return was
DKK 8m (Q3 2020:DKK 158m ).
Profit forecast model for 2021
- The assumed combined ratio for 2021 is narrowed from 85-86 to 85-85.5, excluding run-off in Q4 2021.
- The assumed premium growth for non-life is narrowed from 4-5% to 4-4.5%.
-
The post-tax profit forecast for 2021 is improved from
DKK 1,650-1,750m toDKK 1,750-1,800m , excluding run-off in Q4 2021.
Assumptions for 2022
- Premium growth in non-life of 4-5.5%, and a combined ratio of 86-89, excluding run-off, are assumed for 2022.
Conference call
A conference call will be held today at 15:30 (CET) where
To participate in the conference call, please call:
DK dial-in-number: +45 78 72 32 52
SE dial-in-number: +46 8 50 55 83 73
UK dial-in-number: +44 333 300 9031
US dial-in-number: +1 646 722 4956
10-15 minutes before the conference and ask the operator to connect you to the
Please direct any queries to:
Chief Executive Officer
Chief Financial Officer
Robin Hjelgaard Løfgren
Head of Investor Relations
Direct tel.: +45 4474 4017, mobile tel.: +45 2962 1691
Contacts
- Robin Hjelgaard Løfgren, Head of Investor Relations, +4544744017, +4529621691, rho@topdanmark.dk
About Topdanmark A/S
For more than 100 years, we have helped our customers care for what matters the most. Prevent and limit damages. Secure financial security before and after retirement. For the benefit of both people and the environment.
It makes us an attractive company - not only for our customers, but also for our employees, shareholders and the world around us.
Find more information about
Attachments
- Topdanmark Q1-Q3 Report 2021.pdf
© Ritzau Denmark, source