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Topdanmark A/S (TOP.CO)

TOP.CO on Copenhagen Stock Exchange

297.60DKK
20 Nov 2018
Change (% chg)

kr.-16.00 (-5.10%)
Prev Close
kr.313.60
Open
kr.308.80
Day's High
kr.308.80
Day's Low
kr.294.60
Volume
204,087
Avg. Vol
142,074
52-wk High
kr.334.80
52-wk Low
kr.259.10

Latest Key Developments (Source: Significant Developments)

Topdanmark And Danske Bank Terminate Co-Operation On Sales Of Non-Life Insurances
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Topdanmark A/S ::REG-TOPDANMARK AND DANSKE BANK TERMINATE CO-OPERATION ON SALES OF NON-LIFE INSURANCES.DANSKE BANK HAS TERMINATED ITS AGREEMENT WITH TOPDANMARK ON NON-LIFE INSURANCES.UP UNTIL 1 JANUARY 2020, PARTIES WILL CONTINUE THEIR WORKING RELATION WITH CUSTOMER.POSITIVE PREMIUM GROWTH AND A COMBINED RATIO OF 89-90 EXCLUDING RUN-OFF WAS ASSUMED FOR 2019 WITHIN NON-LIFE INSURANCES - THIS ASSUMPTION IS STILL MAINTAINED.  Full Article

Topdanmark Q3 Pre-Tax Profit At DKK 594 Mln, Above Estimates
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Topdanmark A/S ::REG-TOPDANMARK INTERIM REPORT FOR Q1-Q3 2018.Q3 COMBINED RATIO 81.6 PERCENT (REUTERS POLL 84.8 PERCENT).Q3 POST-TAX PROFIT OF DKK 459M (Q3 2017: DKK 464M).ASSUMED COMBINED RATIO FOR 2018 HAS IMPROVED FROM 88-89 TO 86-87, EXCLUDING. RUN-OFF IN Q4 2018.Q3 PRE-TAX PROFIT DKK 594 MILLION (REUTERS POLL DKK 442 MILLION).POST-TAX PROFIT FORECAST MODEL FOR 2018 HAS BEEN UPGRADED BY DKK 150M AT DKK 1,200-1,300M, EXCLUDING RUN-OFF IN Q4 2018.POSITIVE PREMIUM GROWTH AND A COMBINED RATIO OF 89-90 EXCLUSIVE OF RUN-OFF IS ASSUMED FOR 2019.A CONTINUED POSITIVE GROWTH IN PREMIUMS IS ASSUMED IN NON-LIFE INSURANCE IN 2018.  Full Article

Topdanmark Q1 Net Profit At DKK 267 Million
Monday, 23 Apr 2018 

April 23 (Reuters) - TOPDANMARK A/S ::REG-TOPDANMARK INTERIM REPORT FOR Q1 2018.Q1 NET PROFIT DKK 267 MILLION (REUTERS POLL DKK 295 MILLION).ASSUMED COMBINED RATIO FOR 2018 IMPROVED FROM 90-91 TO 88-89, EXCLUDING. RUN-OFF PROFITS IN Q2-Q4 2018 STILL INCL..POST-TAX PROFIT FORECAST MODEL FOR 2018 IS UPGRADED FROM DKK 950-1,050M TO DKK 1,050-1,150M, EXCLUDING RUN-OFF IN Q2-Q4 2018.ASSUMED COMBINED RATIO FOR 2018 IMPROVED FROM 90-91 TO 88-89, EXCLUDING. RUN-OFF PROFITS IN Q2-Q4 2018 STILL INCL. ADDITIONAL EXPENSES OF 0.5-1PP DUE TO THE INVESTMENT IN INCREASED DIGITALISATION AND AUTOMATION.A CONTINUED POSITIVE GROWTH IN PREMIUMS IS ASSUMED IN NON-LIFE INSURANCE FOR 2018.Q1 PRE-TAX PROFIT DKK 344 MILLION (REUTERS POLL DKK 379 MILLION).Q1 COMBINED RATIO 85.2 PERCENT (REUTERS POLL 86.4 PERCENT).  Full Article

Topdanmark Appoints New CEO
Monday, 5 Feb 2018 

Feb 5 (Reuters) - TOPDANMARK A/S ::PETER HERMANN HAS BEEN APPOINTED NEW CEO OF TOPDANMARK.TOPDANMARK - CHRISTIAN SAGILD RESIGNED AS CEO OF TOPDANMARK EFFECTIVE OF 1 JANUARY 2018.  Full Article

Topdanmark Appoints Lars Thykier Acting CEO
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - TOPDANMARK ::LARS THYKIER IS ACTING CEO OF TOPDANMARK.‍LARS THYKIER WILL BE ACTING CEO OF TOPDANMARK AND WILL STILL BE CFO​.  Full Article

Topdanmark Q3 post-tax profit down at DKK 464 mln​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - TOPDANMARK ::‍FOR 2018, TOPDANMARK ASSUMES POSITIVE PREMIUM GROWTH AND A COMBINED RATIO OF 90-91 EXCLUDING RUN-OFF​.‍AS STATED IN ANNOUNCEMENT 26/2017, ASSUMED COMBINED RATIO FOR 2017 WAS REDUCED FROM AROUND 87 TO AROUND 85​.Q3 POST-TAX PROFIT DKK 464 ‍​MILLION VERSUS DKK 528 MILLION YEAR AGO.AS STATED IN ANNOUNCEMENT 26/2017, POST-TAX PROFIT FORECAST MODEL FOR 2017 IS UPGRADED BY DKK 250M TO DKK 1,500-1,600M​.Q3 ‍2017 COMBINED RATIO: 82.0 (Q3 2016: 83.4)​.Q3 PRE-TAX PROFIT DKK 594 MILLION VERSUS DKK 656 MILLION YEAR AGO.  Full Article

Topdanmark upgrades its earnings forecast for 2017
Monday, 16 Oct 2017 

Oct 16 (Reuters) - TOPDANMARK A/S ::TOPDANMARK UPGRADES ITS EARNINGS FORECAST FOR 2017 <<>>.‍POST-TAX PROFIT FORECAST MODEL FOR 2017 IS UPGRADED BY DKK 250M TO DKK 1.5 - 1.6BN EXCLUDING. RUN-OFF FOR Q4 2017​.TOPDANMARK - ‍UPGRADE IS PRIMARILY DUE TO RECOGNITION OF RUN-OFF PROFITS, HIGHER FINANCIAL RETURNS AND A MORE FAVOURABLE LEVEL OF WEATHER-RELATED CLAIMS THAN ASSUMED​.  Full Article

UPDATE 1-Nordic holding firm Sampo lifts internal dividend view, shares rise

HELSINKI, Nov 7 Nordic financial holding company Sampo said on Wednesday it would take bigger internal dividends from its insurance businesses, paving the way for a higher payout for its own shareholders.