19 May 2009
Announcement No. 08/2009
Key features:
Topdanmark's post-tax profit for Q1 2009 remains unchanged from the DKK 35m
published in announcement 07/2009 on 5 May 2009 (Q1 2008: DKK 234m loss).
Since this most recent announcement, the 2009 post-tax profit forecast model
has been upgraded by DKK 25m to DKK 900 - 1,000m.
Since this announcement the cash distribution potential has also been upgraded
by DKK 25m to DKK 525m representing a yield of 4.9%
In life insurance the assumed growth in regular premiums has been increased
from about 2% to 5% in 2009.
An agreement has been entered into to write TVM's Danish insurance portfolio.
On www.topdanmark.com -> Presentations a webcast is available in which
Topdanmark's CEO, Poul Almlund, presents the financial highlights and comments
on the forecast.
Please direct any queries to:
Poul Almlund, Chief Executive Officer
Direct tel.: +45 4474 3453
Christian Sagild, Group Managing Director
Direct tel.: +45 4474 4450
Steffen Heegaard, Head of IR and Group Communications
Direct tel.: +45 4474 4017, Mobile: +45 4025 3524
