Apr 25, 2019 / 01:30PM GMT
Steffen Heegaard - Topdanmark A/S-Group Communications - CSR & IR Director
Welcome to the Presentation of Topdanmark Results for Q1 2019. Profit for Q1 was DKK 439 million, up from DKK 267 million in Q1 last year due to an improved nonlife, life and investment results.
The combined ratio improved to 80.1% compared to 85.2% in Q1 last year. Premiums increased 2.6% in nonlife and 12.8% in life.
For the full year 2019, we assume combined ratio has improved from between 89% and 90% to between 86% and 87%, excluding any runoff in last 3 quarters of the year.
The profit forecast model for 2019 has been upgraded by DKK 250 million to between DKK 1.250 billion and DKK 1.350 billion, excluding runoff in the remainder of the year. These are the main points of my presentation.
Pretax earnings increased DKK 220 million to DKK 564 million in Q1 2019. In technical, nonlife profit increased DKK 129 million to DKK 465 million. The improvement was due to higher runoff profits and lower claims trend in theft and Motor. On the other hand,
Q1 2019 Topdanmark A/S Earnings Call Transcript
Feb 15, 2024
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