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

Q1 2021 Topdanmark A/S Earnings Call Transcript

Apr 26, 2021 / 01:30PM GMT
Release Date Price: $4.87 (+1.67%)
Peter Hermann;S;CEO;Member of Executive Board
Topdanmark A

/-&

Good afternoon, everybody, and good morning to the U.S.A. Thank you for joining us at this conference call. My name is Peter Hermann. I'm the CEO of Topdanmark. And with me is our group CFO, Lars Thykier; and our newly appointed Head of Investor Relations, Robin Løfgren.

We are hosting this conference call because earlier today, we published our Q1 report. I would like to start with a few opening remarks on our results. And despite the guidance update we made after Easter, the Q1 result actually outperformed consensus estimates on premium growth in non-life as well as on the result in life and the investment return. And compared to Q1 2020, the non-life technical result improved by DKK 108 million despite headwinds on discounting and risk margin.

The improvement is driven by the absence of weather-related claims, there's fewer large-scale claims and also a positive impact from COVID-19 on, for instance, travel and motor. However, we're also starting to see these positive

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot