Apr 24, 2020 / 10:00AM GMT
Presentation
Apr 24, 2020 / 10:00AM GMT
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Corporate Participants
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* Steffen Heegaard
Topdanmark A/S - Group Communications & IR Director
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Steffen Heegaard - Topdanmark A/S-Group Communications&IR Director
Welcome to the presentation of Topdanmark's results for Q1 2020.
Topdanmark has a robust business model, with a high degree of diversification between the business activities and very low liquidity risk and a solid capital base, with a solvency cover of 205 at the end of Q1 2020. Despite this, the Q1 result was impacted by COVID-19 situation. Profit for Q1 was a loss of DKK 193 million compared with a DKK 439 million profit in Q1 last year. The combined ratio was 89.8 compared with 80.1 in Q1 last year. And the underlying claims trend deteriorated by 0.4 percentage points to 69. Premiums increased 2.4% in non-life and 10.5% in life.
For the full year 2020, the assumed combined ratio is unchanged at about 90,
Q1 2020 Topdanmark A/S Pre-Recorded Earnings Presentation Transcript
Feb 15, 2024
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