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Topdanmark A/S Raises FY 2012 Financial Guidance


Tuesday, 13 Nov 2012 06:15am EST 

Topdanmark A/S announced that it has updated its financial guidance for the fiscal year 2012. The Company continues to assume premium growth of between 1% and 2% for non-life insurance for the fiscal year 2012. For regular premiums in life insurance it assumes a decline of 8% (previously: 5% decline) for the fiscal year 2012. The assumed combined ratio has been adjusted from around 90% to around 89%, excluding run-off results in the fourth quarter of the fiscal year 2012. The post-tax profit forecast model for the fiscal year 2012 has been upgraded from between DKK 1,300 million and DKK 1,400 million to between DKK 1,550 million and DKK 1,650 million, representing a profit per share of DKK 125. The balance of the shadow account is assumed to be DKK 243 million at the end of the fiscal year 2012. 

Company Quote

175.9
1.1 +0.63%
7:47am EDT