Topdanmark AS (OTCPK:TPDKY)
$ 5.1 0 (0%) Market Cap: 4.55 Bil Enterprise Value: 4.78 Bil PE Ratio: 35.75 PB Ratio: 7.62 GF Score: 69/100

Q3 2019 Topdanmark A/S Earnings Call Transcript

Oct 24, 2019 / 01:30PM GMT
Release Date Price: $4.64
Peter Hermann;S;CEO;Member of Executive Board
Topdanmark A

/-&

Good afternoon, everybody, and good morning to the U.S.A., and thank you for joining us at this conference call. With me is the CFO, Lars Thykier; and Steffen Heegaard from Group Communications and IR Director. We are holding this conference because earlier today, we published our results for the Q1 to Q3 2019.

So now we are ready to answer your questions. Please ask them one at a time. And operator, may we have the first question, please.

Questions & Answers

Operator

(Operator Instructions) So our first question is over to the line of Mads Thinggaard at ABG.

Mads Thinggaard
ABG Sundal Collier Holding ASA, Research Division - Research Analyst

This is Mads from ABG. The first one is on what you would call the adjusted claims rates, you're up, at least 270 basis points year-over-year. You mentioned a lot of elements here. Water pipes, workers' comp and, of course, also, the discounting rate

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