April 23, 2018 / 10:32 AM / 4 months ago

BRIEF-Topdanmark Q1 Net Profit At DKK 267 Million

April 23 (Reuters) - TOPDANMARK A/S:

* REG-TOPDANMARK INTERIM REPORT FOR Q1 2018

* Q1 NET PROFIT DKK 267 MILLION (REUTERS POLL DKK 295 MILLION)

* ASSUMED COMBINED RATIO FOR 2018 IMPROVED FROM 90-91 TO 88-89, EXCLUDING. RUN-OFF PROFITS IN Q2-Q4 2018 STILL INCL.

* POST-TAX PROFIT FORECAST MODEL FOR 2018 IS UPGRADED FROM DKK 950-1,050M TO DKK 1,050-1,150M, EXCLUDING RUN-OFF IN Q2-Q4 2018

* ASSUMED COMBINED RATIO FOR 2018 IMPROVED FROM 90-91 TO 88-89, EXCLUDING. RUN-OFF PROFITS IN Q2-Q4 2018 STILL INCL. ADDITIONAL EXPENSES OF 0.5-1PP DUE TO THE INVESTMENT IN INCREASED DIGITALISATION AND AUTOMATION

* A CONTINUED POSITIVE GROWTH IN PREMIUMS IS ASSUMED IN NON-LIFE INSURANCE FOR 2018

* Q1 PRE-TAX PROFIT DKK 344 MILLION (REUTERS POLL DKK 379 MILLION)

* Q1 COMBINED RATIO 85.2 PERCENT (REUTERS POLL 86.4 PERCENT) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below