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Topdanmark A/S (TOP.CO)

TOP.CO on Copenhagen Stock Exchange

270.10DKK
6:46am EST
Change (% chg)

kr.-1.10 (-0.41%)
Prev Close
kr.271.20
Open
kr.270.90
Day's High
kr.272.60
Day's Low
kr.270.00
Volume
60,065
Avg. Vol
145,639
52-wk High
kr.274.80
52-wk Low
kr.173.70

Latest Key Developments (Source: Significant Developments)

Topdanmark Q3 post-tax profit down at DKK 464 mln​
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - TOPDANMARK ::‍FOR 2018, TOPDANMARK ASSUMES POSITIVE PREMIUM GROWTH AND A COMBINED RATIO OF 90-91 EXCLUDING RUN-OFF​.‍AS STATED IN ANNOUNCEMENT 26/2017, ASSUMED COMBINED RATIO FOR 2017 WAS REDUCED FROM AROUND 87 TO AROUND 85​.Q3 POST-TAX PROFIT DKK 464 ‍​MILLION VERSUS DKK 528 MILLION YEAR AGO.AS STATED IN ANNOUNCEMENT 26/2017, POST-TAX PROFIT FORECAST MODEL FOR 2017 IS UPGRADED BY DKK 250M TO DKK 1,500-1,600M​.Q3 ‍2017 COMBINED RATIO: 82.0 (Q3 2016: 83.4)​.Q3 PRE-TAX PROFIT DKK 594 MILLION VERSUS DKK 656 MILLION YEAR AGO.  Full Article

Topdanmark upgrades its earnings forecast for 2017
Monday, 16 Oct 2017 02:00am EDT 

Oct 16 (Reuters) - TOPDANMARK A/S ::TOPDANMARK UPGRADES ITS EARNINGS FORECAST FOR 2017 <<>>.‍POST-TAX PROFIT FORECAST MODEL FOR 2017 IS UPGRADED BY DKK 250M TO DKK 1.5 - 1.6BN EXCLUDING. RUN-OFF FOR Q4 2017​.TOPDANMARK - ‍UPGRADE IS PRIMARILY DUE TO RECOGNITION OF RUN-OFF PROFITS, HIGHER FINANCIAL RETURNS AND A MORE FAVOURABLE LEVEL OF WEATHER-RELATED CLAIMS THAN ASSUMED​.  Full Article

Sampo consolidates Topdanmark as subsidiary in financial reporting
Monday, 2 Oct 2017 02:45am EDT 

Oct 2 (Reuters) - Sampo Oyj :Says consolidates Topdanmark as a subsidiary as of September 30, 2017, in its financial reporting in accordance with IFRS.Says this implies no other change in the relationship between Sampo Group and Topdanmark.  Full Article

Topdanmark’s holding of own shares is below 10%
Monday, 21 Aug 2017 08:17am EDT 

Aug 21 (Reuters) - TOPDANMARK A/S ::TOPDANMARK’S HOLDING OF OWN SHARES IS BELOW 10% .  Full Article

Topdanmark Q2 post-tax profit DKK ‍474​ mln, above expectations
Tuesday, 15 Aug 2017 06:02am EDT 

Aug 15 (Reuters) - TOPDANMARK ::Q2 POST-TAX PROFIT DKK ‍474​ MILLION (REUTERS POLL DKK 385 MILLION).Q2 COMBINED RATIO ‍77.8​ PERCENT (REUTERS POLL 84.8 PERCENT).THE POST-TAX PROFIT FORECAST MODEL FOR 2017 UPGRADED FROM DKK 1,100-1,200M TO DKK 1,250-1,350M, EXCLUDING RUN-OFF IN H2 2017‍​.  Full Article

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

BRIEF-Topdanmark issues Restricted Tier 1 capital notes

* ‍NOTES WILL BE ISSUED ON 23 NOVEMBER 2017 WITH A VARIABLE INTEREST RATE OF 3M CIBOR + 2.75% PER ANNUM​