Topdanmark A/S : Q1-Q3 2022 præsentation vist på investormøder (29 MB)
November 11, 2022 at 09:42 am EST
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Topdanmark
Q1-Q3 2022 result
Financial highlights
Profit after tax (DKKm)
1,513
2021 2022
639
356 259
Q1-Q3 Q3
Non-life insurance
Result after tax (DKKm)
3.7%
184
2021
103
2022
Premium increase in non-life
insurance, Q1-Q3
-14
Q1-Q3
-16Q3
Discontinued operations
Investment return (DKKm)
362
2021
2022
22
-118
-555
Q3
Q1-Q3
Combined ratio
2021 2022
80.9 82.1 80.0 80.1
Q1-Q3 Q3
Combined ratio excl. run-off
2021 2022
83.6 83.9 83.6 81.9
Q1-Q3 Q3
Solvency 2022 (%)
282
255
221
Q1
H1
Q1-Q3
2
The profit forecast for 2022 is lowered to DKK 2,000- 2,150m after tax due to volatile financial markets
Profit forecast model for 2022
The assumed combined ratio for 2022 is narrowed from 82-84.5 to 82-83, excluding run-off in Q4 2022.
The profit forecast for 2022 has been lowered from DKK 2,100-2,350m to DKK 2,000-2,150m after tax, excluding run-off in Q4 but including the expected net gain of DKK 1.2bn from the divestment of Topdanmark Liv Holding A/S (closing assumed as at 31 December 2022).
The expected premium growth in non-life is narrowed from 3-4.5% to 3.5-4%.
Assumptions for 2023
A premium growth in non-life of
2-3.5%, and a combined ratio of
82.5-85.5, excluding run-off, are assumed for 2023 under the new IFRS 17 accounting standard.
Current profit forecast model 2022
Results
Forecast 2022
Forecast 2022
(DKKm)
2021
30 June 2022
30 September 2022
Non-life insurance
- Technical result
1,897
1,525
-
1,750
1,675
-
1,775
- Investment return after return and value adjustments
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Topdanmark A/S published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 14:41:02 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 
