Jul 16, 2021 / 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 on this conference call. My name is Peter Hermann. I'm the CEO of Topdanmark. With me is the Group CFO, Lars Thykier; and head of Investor Relations, Robin Lofgren. We're hosting this conference call because earlier today, we published our report for the first half year. I would like to start with a few opening remarks on our results.
The DKK 522 million post-tax Q2 result outperformed consensus estimates across the board, both on premium growth and technical results in non-life as well as the result in the life company and on the investment return. We delivered a combined ratio of 81.2 and the growth in non-life of 4.7 in the quarter.
Compared to the first half of 2020, the non-life technical result improved by DKK 132 million despite headwinds on rain and frost, large-scale claims, discounting and risk margin. The improvement is driven by the absence of weather-related claims, a marginally
Q2 2021 Topdanmark A/S Earnings Call Transcript
Feb 15, 2024
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