Topdanmark Q2 EPS Beats Consensus; Outlook Raised

Freitag, 16.07.2021 12:10 von PLX

• (PLX AI) – Topdanmark Q2 net income DKK 522 million vs. estimate DKK 452 million
• • Q2 EPS DKK 5.9 vs. estimate DKK 5.2
• • Q2 combined ratio 81.2% vs. estimate 82.6%
• • Q2 combined ratio ex run-off 83.6% vs. estimate 85%
• • The assumed combined ratio for 2021 is improved from 87-88 to 85-86, excluding run-off in H2 2021
• • The assumed premium growth for non-life insurance is improved from 3-4% to 4-5%
• • The model post-tax profit forecast for 2021 is improved from DKK 1,450-1,550m to DKK 1,650-1,750m, excluding run-off in H2 2021