Annual Report 2021

Topdanmark A/S

Borupvang 4 • DK-2750 Ballerup

Tel +45 44 68 33 11 • CVR no. 78040017 topdanmark@topdanmark.dk • www.topdanmark.com

Topdanmark's equity story

Profitable growth - in that order

Focused strategy

  • The Topdanmark share is a value case with ambitions to grow profitably
  • Danish player
  • Stable insurance risks
  • Limited financial risk
  • Synergy between life and non-life insurance
  • Efficient capital management
  • High net result
  • No protection against take-over in the Articles of Association

See the presentation of Topdanmark's equity story on www.topdanmark.com → Investors → Share profile Read about value creation in Topdanmark on www.topdanmark.com → Investors → Investment case → Value creation

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Announcement No. 05/2022 from Topdanmark A/S

Contents

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Announcement No. 05/2022 from Topdanmark A/S

Management's review

7 Letter to our shareholders

  1. Highlights
  2. Financial highlights
  3. Results for 2021
  1. Results for Q4 2021
  2. Non-lifeinsurance in 2021
  3. Non-lifeinsurance in Q4 2021
  1. Life insurance in 2021
  1. Life insurance in Q4 2021
  2. Investment activities
  3. Parent company etc.

18 Taxation

  1. Efficiency programme
  2. New IT systems
  1. Profit forecast model for 2022
  2. Risk management
  1. Solvency calculation and capital requirements
  2. Capital structure and ownership
  3. Board of Directors and Articles of Association
  4. Amendments to the Company's Articles of Association
  1. Severance pay
  2. Remuneration structure
  1. Distribution of dividend for 2021
  1. Corporate Governance
  1. Sustainability
  1. Annual General Meeting
  1. Financial calendar
  2. Company announcements
  3. Board of Directors

36 Executive Board

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Announcement No. 05/2022 from Topdanmark A/S

Topdanmark annual report for 2021

Annual financial statements

- Group

  1. Five-yearsummary
  2. Income statement
  3. Statement of comprehensive income
  4. Assets
  5. Shareholders' equity and liabilities
  6. Cash flow statement
  7. Statement of changes in equity
  8. Notes to the financial statements

Annual financial statements

- Parent company

94 Income statement

  1. Statement of comprehensive income
  2. Balance sheet
  3. Statement to changes in equity
  4. Notes to the financial statements
  1. Disclaimer
  2. Statement by Management on the Annual Report
  3. Independent auditor's report

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Announcement No. 05/2022 from Topdanmark A/S

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Topdanmark A/S published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 11:30:48 UTC.