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Topdanmark A/S (TOP.CO)

TOP.CO on Copenhagen Stock Exchange

198.90DKK
24 May 2017
Change (% chg)

kr.2.90 (+1.48%)
Prev Close
kr.196.00
Open
kr.198.50
Day's High
kr.201.10
Day's Low
kr.198.30
Volume
383,752
Avg. Vol
189,581
52-wk High
kr.201.10
52-wk Low
kr.148.70

Latest Key Developments (Source: Significant Developments)

Topdanmark Q1 post-tax profit DKK 415 million, above expectations
Tuesday, 23 May 2017 06:00am EDT 

May 23 (Reuters) - TOPDANMARK A/S :Q1 POST-TAX PROFIT DKK 415 MILLION (REUTERS POLL DKK 319 MILLION).SAYS WILL SWITCH TO DISTRIBUTION OF DIVIDENDS.Q1 COMBINED RATIO 85.8 PERCENT (REUTERS POLL 87.9 PERCENT).SEES ASSUMED GROWTH IN PREMIUMS ADJUSTED FROM AROUND 0 TO SLIGHTLY POSITIVE IN 2017.SAYS BASIS FOR DIVIDEND SCHEME IS A PAY-OUT RATIO OF AT LEAST 70%.BASIS FOR DIVIDEND SCHEME: A PAY-OUT RATIO OF AT LEAST 70%.POST-TAX PROFIT FORECAST MODEL FOR 2017 IS UPGRADED FROM DKK 900-1,000M TO DKK 1,100-1,200M.ASSUMED COMBINED RATIO FOR 2017 IMPROVED FROM 91-92 TO AROUND 89, EXCLUDING. RUN-OFF PROFITS IN Q2-Q4 2017 STILL INCL. ADDITIONAL EXPENSES OF 0.5-1PP.  Full Article

Topdanmark buy-back programme for 2016 of DKK 1.65 bln is completed
Friday, 31 Mar 2017 06:44am EDT 

TOPDANMARK : BUY-BACK PROGRAMME FOR 2016 OF DKK 1,650 MILLION IS NOW COMPLETED . IN PERIOD 12 FEBRUARY 2016 TO 21 FEBRUARY 2017, SHARES AT A VALUE OF DKK 1,451M WERE BOUGHT BACK OF TOTAL SHARE BUY-BACK PROGRAMME OF DKK 1,650M .TOPDANMARK'S HOLDING OF OWN SHARES IS 9,782,000 SHARES, CORRESPONDING TO 10.30% OF SHARE CAPITAL.  Full Article

Topdanmark Q4 post-tax profit DKK 421 million, above estimates
Thursday, 23 Feb 2017 06:00am EST 

Topdanmark A/S : Q4 combined ratio 84.6 percent (Reuters poll 88.0 percent) . Q4 post-tax profit 421 million Danish crowns ($60 million)(Reuters poll 270 million crowns) . As compared to profit forecast model for 2017 in interim report for Q1-Q3 2016, underlying assumed combined ratio for 2017 remains unchanged at 90-91 excluding run-off . Combined ratio is increased to 91-92 in profit forecast model for 2017 . Assumed combined ratio for 2017 may increase by 0.5 to 1pp . Still expects premium growth in non-life insurance of around 0 pct .2017 post-tax profit forecast model: 900 million-1 billion crowns, excluding run-off..  Full Article

Topdanmark Q3 post tax profit of DKK 533 million beats RTRS poll
Tuesday, 15 Nov 2016 11:05am EST 

Topdanmark : Q3 combined ratio 83.2 percent (Reuters poll 86.5 percent) . Assumes unchanged assumed decline in non-life premiums in 2016 . In life insurance, a 5 pct growth in regular premiums is assumed for 2016 . Share buy-back programme for 2016 is upgraded by 200 million Danish crowns ($28.80 million) to 1.65 billion crowns, representing a buy-back yield of 10.0 pct . For 2017, assumed premium level remains practically unchanged for non-life insurance compared to 2016 . Q3 pre-tax profit 662 million crowns (Reuters poll 456 million crowns) . Q3 post-tax profit 533 million (Reuters poll 356 million crowns) . Q3 combined ratio assumed combined ratio for 2016 improved from around 89 to 87-88, excluding run-off in Q4 2016 percent . Post-Tax profit forecast model for 2016 is upgraded to 1.20-1.30 billion crowns from 1.00-1.10 billion crowns, excluding run-off in Q4 2016 . Assumptions for profit forecast model for 2017 remain practically unchanged .Assumed 2017 combined ratio excluding run-off: 90-91.  Full Article

Topdanmark: board does not recommend shareholders to accept Sampo's bid
Friday, 7 Oct 2016 02:08am EDT 

Topdanmark A/S : Board of directors does not recommend shareholders to accept mandatory offer by Sampo Plc .In opinion of board of directors, offer price does not represent an attractive offer price.  Full Article

Topdanmark Q2 post-tax profit DKK 430 million, above estimates
Tuesday, 16 Aug 2016 06:42am EDT 

Topdanmark A/S : Q2 combined ratio 86.2 percent (Reuters poll 84.3 percent) . Q2 post-tax profit 430 million Danish crowns ($65.16 million) (Reuters poll 349 million crowns) . Assumed combined ratio for 2016 remained around 89, excluding run-off in H2 2016 . Post-Tax profit forecast model for 2016 has been adjusted from 900-1,000 million crowns to 1,000-1,100 million crowns, excluding run-off in H2 2016, representing eps of 11.5 crowns .Negative growth in non-life premiums in 2016 still assumed Link to Reuters Poll: [ID:nL8N1AW1EG].  Full Article

Finland's Sampo Q2 pretax profit falls 10 pct y/y
Wednesday, 10 Aug 2016 02:30am EDT 

Sampo Oyj : Group's profit before taxes for Q2 2016 amounted to EUR 477 million (528) . Q2 combined ratio in P&C insurance amounted to 84.5 percent (80.9) . Lifts 2016 P&C technical result forecast, now expects combined ratio of 87-90 percent (88-91 pct previously) . Reuters poll expected pretax profit of 481 mln euros, P&C combined ratio of 85.4 pct .Company says continuing low interest rate level creates a challenging environment for reinvestment in fixed income instruments.  Full Article

Topdanmark Q1 pre-tax profit DKK 209 million; below expectations
Tuesday, 10 May 2016 06:51am EDT 

Topdanmark A/S : Q1 pre-tax profit 209 million Danish crowns ($31.92 million) (Reuters poll 278 million crowns) . Q1 post-tax profit 164 million crowns (Reuters poll 215 million crowns) . Q1 combined ratio 85.8 percent (Reuters poll 89.0 percent) . Profit forecast model for 2016: unchanged assumed decline in non-life premiums in 2016 .2016 post-tax profit is upgraded from 800 million - 900 million crowns to 0.9 billion - 1 billion crowns.  Full Article

Topdanmark resumes buy-back programme for 2016
Wednesday, 6 Apr 2016 08:50am EDT 

Topdanmark A/S:Resumes buy-back programme for 2016.Says DFSA has approved resumption of Topdanmark's buy-back as of April 6.Still intends to buy back own shares at a value of 1.25 billion Danish crowns.  Full Article

Topdanmark A/S temporarily suspends its buy-back programme for 2016
Thursday, 25 Feb 2016 02:31am EST 

Topdanmark A/S:‍Topdanmark has been directed by the DFSA (the Danish Financial Authority) to suspend buy-back programme for 2016.Buy-back programme is suspended from Feb. 24 and until the DFSA has approved the planned buy-back.  Full Article

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