Topdanmark A/S : 2022 præsentation vist på investormøder (10 MB)
January 24, 2023 at 02:37 am EST
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Topdanmark
2022 Annual Result
Financial highlights
Profit after tax (DKKm)
2,138 2,049
2021
2022
1,410
625
Q1-Q4
Q4
Combined ratio
2021
81.8
2022
80.9
80.1
77.9
Investment return
2021
(DKKm)
554
2022
193
78
3.8%
Premium increase in 2022
4.0%
Premium increase in Q4 2022
Dividend
Ordinary
per share
Extra
(DKK)
42.5
11.0
23.5
11.0
Technical result (DKKm)
1,897
1,802
2021
2022
534 480
Q1-Q4 Q4
516
Solvency
(%)
204199
Q1-Q4
Q4
-477
Q4
Q1-Q4
2021
2022
2021
2022
2022
(ex. divi)
(incl. divi)
2
The profit forecast for 2023 amounts to DKK 1,050-1,310; adjusted CR range reflects stronger underlying profitability
Profit forecast model 2023
Results
(DKKm)
2022
Non-life insurance
- Technical result
1,802
- Investment return after return and value adjustments
of non-life insurance provisions
-468
- Other items
-35
Profit on non-life insurance
1,299
Parent company etc.
-59
Profit before tax, continuing operations
1,240
Tax, continuing operations
-280
Profit after tax, continuing operations
960
Profit after tax, discontinued operations
1,089
Profit
2,049
Forecast 2023
30 December 2022
1,425
-
1,725
100
-
125
-65
-
-60
1,460
-
1,790
-60
-
-50
1,400
-
1,740
-350
-
-430
1,050
-
1,310
-
-
-
1,050
-
1,310
Profit forecast model for 2023
The post-tax profit forecast model for 2023 amounts to DKK 1,050-1,310m, excluding run-off.
The assumed combined ratio for 2023 is adjusted to 83-86 excluding run-off due to decreasing long interest rates, removal of the VA component, and higher expected reinsurance prices. These three effects impacted the assumed combined ratio by well above 0.5pp.
The expected premium growth in non-life is unchanged at 2-3.5%.
Note: In 2023, the corporate tax rate for financial sector companies increases to 25.2%. We are still assessing the final impact of this on the effective tax rate of the Group.
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Topdanmark A/S published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 07:36:07 UTC.
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.
TOPDANMARK A/S 
