Jan 23, 2020 / 11:00AM GMT
Presentation
Jan 23, 2020 / 11:00AM GMT
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Corporate Participants
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* Lars Thykier
Topdanmark A/S - CFO & Member of the Executive Board
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Lars Thykier - Topdanmark A/S-CFO&Member of the Executive Board
Welcome to the presentation of Topdanmark's results for 2019. Profit for 2019 was DKK 1.547 billion, up from DKK 1.331 billion in 2018 and better than between DKK 1.3 billion and DKK 1.4 billion, which was assumed for 2019 in the Q3 report. The combined ratio was 83.7 compared to 83.6 in the same period last year. Premiums increased by 2.9% in non-life and by 9.8% in life. For 2019, the assumed combined ratio continues to be around 90, excluding runoff.
The profit in the forecast model for 2020 is between DKK 950 million and DKK 1.050 billion, excluding runoff. Finally, the Board of Directors will recommend to the AGM a dividend of DKK 1.530 billion. This corresponds to a payout ratio of 98.9, a dividend per share of DKK 17 and a
Q4 2019 Topdanmark A/S Pre-Recorded Earnings Presentation Transcript
Feb 15, 2024
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