Jul 18, 2019 / 10:00AM GMT
Presentation
Jul 18, 2019 / 10:00AM GMT
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Corporate Participants
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* Steffen Heegaard
Topdanmark A/S - Group Communications, CSR & IR Director
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Steffen Heegaard - Topdanmark A/S-Group Communications - CSR & IR Director
Welcome to the presentation of Topdanmark's results for the first half of 2019. Profit for the first half was DKK 831 million, up from DKK 630 million in the first half last year due to an improved nonlife and life result. The combined ratio improved from 80.7% compared to 85.5% in the first half last year. Premiums increased by 2.6% in both life and nonlife.
For the full year 2019, the assumed combined ratio has improved from between 86% and 87% to between 85% and 86% excluding any runoff in the second half of the year.
The profit forecast model for 2019 remains unchanged 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
Q2 2019 Topdanmark A/S Pre-Recorded Earnings Presentation Transcript
Jul 18, 2019
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