Q1 2022 Topdanmark A/S Earnings Call Transcript

Apr 27, 2022 / 11:00AM 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. My name is Peter Hermann, and I'm the Group CEO of Topdanmark. With me is our Group CFO, Lars Kufall Beck; and Head of Investor Relations, Robin Løfgren. We are hosting this conference call because earlier today we published our interim report for the first quarter of 2022. And I would like to start with a few opening remarks before handing over to Lars for comments on the results in more detail.

In terms of the first quarter of 2022, there's no doubt that our financial result is affected by the 2 large storms hitting Denmark in late January and early February, one of them being the worst storm to hit Denmark in 6 years actually. In addition, volatile financial markets following the war in Ukraine has affected our investment result. But if we try to look through this volatility, our underlying performance in Q1 has actually been quite strong with an underlying combined ratio

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