Oct 23, 2020 / 10:00AM GMT
Presentation
Oct 23, 2020 / 10:00AM GMT
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Corporate Participants
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* Steffen Heegaard
Topdanmark A/S - Head of IR
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Steffen Heegaard - Topdanmark A/S-Head of IR
Welcome to the presentation of Topdanmark Results for the First 3 Quarters of 2020.
Profit for the first 3 quarters was DKK 553 million compared with DKK 1.115 billion for the first 9 months last year. The combined ratio was 87 compared with 82.1 in the same period last year, mostly caused by higher claims trend on house insurance and by lower runoff profits.
Premiums increased by 2.8% in non-life and by 3.6% in life. For the full year 2020, the assumed non-life growth has improved from between 2% and 3% to about 3%. And the combined ratio has improved from about 88 to between 88 and 89, excluding run-off in Q4.
The profit forecast for 2020 has been improved from between DKK 550 million and DKK 750 million to between DKK 750 million and DKK 850 million, excluding run-off in
Q3 2020 Topdanmark A/S Pre-Recorded Earnings Presentation Transcript
Feb 15, 2024
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