Oct 23, 2020 / 01:30PM GMT
Peter Hermann - Topdanmark A/S-CEO&Member of Executive Board
Good afternoon, everybody, and good morning to the U.S.A. Thank you for joining us at this conference call. With me is Lars Thykier, our CFO; and Steffen Heegaard, Group IR Director. And we are holding this conference call because earlier today, we published the Q3 report, but I would like to start the conference call with a few opening remarks.
Q3 was not a good quarter for Topdanmark. First of all, the quarter was negatively impacted by a deterioration of the claims trend on house insurance. In the Q1 and Q2 reports, we addressed the issue of higher level of rain and water pipe claims. In Q3, we furthermore had few but very large fire claims. The claims trend in -- on house insurance deteriorated the overall claims trend by 2.6 percentage points in Q3, which explains the drop in the underlying claims trend of 1.3 percentage points.
We have taken action in order to regain profitability on house insurance by way of risk-based pricing, by increased focus on acceptance
Q3 2020 Topdanmark A/S Earnings Call Transcript
Feb 15, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers