Topdanmark Q3 Profit Better Than Expected; Sees 2022 Premium Growth 4-5.5%

Donnerstag, 21.10.2021 12:10 von PLX

• (PLX AI) – Q3 EPS DKK 4 vs. estimate DKK 3.8
• • Q3 net income DKK 356 million vs. estimate DKK 336 million
• • Q3 combined ratio 85.7% vs. estimate 85.7%
• • Q3 combined ratio ex run-off 87.6% vs. estimate 88%
• • Topdanmark Assumptions for 2022: Premium growth in non-life of 4-5.5%, and a combined ratio of 86-89, excluding run-off
• • The assumed combined ratio for 2021 is narrowed from 85-86 to 85-85.5, excluding run-off in Q4
• • The assumed premium growth for non-life is narrowed from 4-5% to 4-4.5%
• • The post-tax profit forecast for 2021 is improved from DKK 1,650-1,750m to DKK 1,750-1,800m, excluding run-off in Q4