Topdanmark A/S Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 14, 2023 at 02:00 am EDT
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Topdanmark A/S reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was DKK 260 million compared to DKK 349 million a year ago. Basic earnings per share from continuing operations was DKK 2.9 compared to DKK 2.4 a year ago. Diluted earnings per share from continuing operations was DKK 2.9 compared to DKK 2.4 a year ago. Basic earnings per share was DKK 2.9 compared to DKK 4 a year ago. Diluted earnings per share was DKK 2.9 compared to DKK 3.9 a year ago.
For the six months, net income was DKK 633 million compared to DKK 510 million a year ago. Basic earnings per share from continuing operations was DKK 7.1 compared to DKK 3.8 a year ago. Diluted earnings per share from continuing operations was DKK 7.1 compared to DKK 3.8 a year ago. Basic earnings per share was DKK 7.1 compared to DKK 5.8 a year ago. Diluted earnings per share was DKK 7.1 compared to DKK 5.8 a year ago.
Topdanmark A/S is a Denmark-based insurance company engaged in the insurance and pension fund business. The Companyâs activities are divided into such segments, as Personal, and SME (Small and Medium Enterprises) and Industrial. The Personal segment sells policies for individual households in Denmark. The SME and Industrial segment offers policies for Denmark-based SME, agricultural and industrial businesses. The Companyâs private insurance offering includes such insurance products, as home, vehicle, accident, pet, child and life and health insurance, as well as pension funds. Its corporate insurance offering includes property insurance, insurance of goods and equipment, and car insurance, among others. As of December 31, 2012, it had subsidiaries responsible for life and non-life insurance, as well as for asset management, investment and property-related activities.