Income Statement Topdanmark Nasdaq Copenhagen

Stocks

TOP

DK0060477503

Property & Casualty Insurance

Market Closed - Nasdaq Copenhagen Other stock markets 11:20:00 2024-10-18 EDT			5-day change	1st Jan Change
364.60 ^DKK	-.--%		-.--%	-

25-10-27	Earnings calendar for October 27-31: Apple, Microsoft, Amazon, and others report
25-04-08	Topdanmark A/S Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: TOPDANMARK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	20.15B	20B	9.33B	10.2B	10.15B
Total Interest And Dividend Income	2.01B	2.47B	262M	-169M	482M
Gain (Loss) on Sale of Investments, Total (Rev)	3.98B	8.59B	-1.64B	475M	361M
Other Revenues, Total	92M	588M	-4M	15M	40M
Total Revenues	26.24B	31.65B	7.95B	10.52B	11.03B
Policy Benefits	21.98B	25.18B	5.06B	8.69B	7.17B
Policy Acquisition / Underwriting Costs, Total	1.2B	1.25B	1.05B	-	1.16B
Selling General & Admin Expenses, Total	925M	909M	559M	-	751M
Other Operating Expenses	676M	1.58B	93M	220M	778M
Reinsurance Income Or Expense	81M	82M	86M	-	93M
Total Operating Expenses	24.7B	28.83B	6.68B	8.91B	9.76B
Operating Income	1.54B	2.82B	1.27B	1.61B	1.27B
Interest Expense, Total	-102M	-83M	-43M	-88M	-107M
Other Non Operating Income (Expenses)	14M	9M	9M	-72M	17M
EBT, Excl. Unusual Items	1.45B	2.74B	1.24B	1.45B	1.18B
Asset Writedown	-	-	-	-25M	-
EBT, Incl. Unusual Items	1.45B	2.74B	1.24B	1.42B	1.18B
Income Tax Expense	329M	604M	280M	372M	347M
Earnings From Continuing Operations	1.12B	2.14B	960M	1.05B	837M
Earnings Of Discontinued Operations	-	-	1.09B	-	-
Net Income to Company	1.12B	2.14B	2.05B	1.05B	837M
Net Income - (IS)	1.12B	2.14B	2.05B	1.05B	837M
Net Income to Common Incl Extra Items	1.12B	2.14B	2.05B	1.05B	837M
Net Income to Common Excl. Extra Items	1.12B	2.14B	960M	1.05B	837M
Per Share Items
Net EPS - Basic	12.88	24.38	23.23	11.85	-
Basic EPS - Continuing Operations	12.88	24.38	10.88	11.85	-
Basic Weighted Average Shares Outstanding	87.27M	87.7M	88.21M	88.69M	-
Net EPS - Diluted	12.88	24.3	23.1	11.8	-
Diluted EPS - Continuing Operations	12.88	24.3	10.8	11.8	-
Diluted Weighted Average Shares Outstanding	87.48M	87.95M	88.5M	88.89M	-
Normalized Basic EPS	10.41	19.54	8.79	10.2	-
Normalized Diluted EPS	10.38	19.49	8.76	10.18	-
Dividend Per Share	11.5	23.5	11	11.5	-
Payout Ratio	65.93	35.64	100.05	261.47	-
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	1.58B	2.85B	1.32B	1.64B	1.3B
EBITA	1.54B	2.82B	1.27B	1.61B	1.27B
EBIT	1.54B	2.82B	1.27B	1.61B	1.27B
EBITDAR	-	-	-	1.71B	-
Effective Tax Rate - (Ratio)	22.64	22.03	22.58	26.14	29.31
Current Domestic Taxes	345M	638M	333M	356M	-
Total Current Taxes	345M	638M	333M	356M	431M
Deferred Domestic Taxes	-12M	-42M	-55M	98M	-
Total Deferred Taxes	-12M	-42M	-55M	98M	-89M
Normalized Net Income	908M	1.71B	775M	905M	740M
Interest on Long-Term Debt	46M	33M	43M	65M	69M
Non-Cash Pension Expense	257M	261M	260M	245M	251M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	56M	-
General and Administrative Expenses	925M	909M	559M	-	751M
Net Rental Expense, Total	-	-	-	71M	-
Imputed Operating Lease Interest Expense	-	-	-	40.95M	-
Imputed Operating Lease Depreciation	-	-	-	30.05M	-
Stock-Based Comp., Other (Total)	65M	71M	70M	8M	12M
Total Stock-Based Compensation	65M	71M	70M	8M	12M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	-	-	-	-	16.99B
Investment In Equity and Preferred Securities, Total	1.74B	2.32B	53M	60M	562M
Trading Asset Securities, Total	47.93B	38.22B	15B	14.93B	-
Real Estate Owned	3.93B	2.93B	-	-	-
Mortgage Loans	6M	5M	5M	5M	-
Total investments	53.62B	43.48B	15.06B	14.99B	17.55B
Cash And Equivalents	5.84B	3.76B	4.1B	476M	653M
Reinsurance Recoverable - (IS)	612M	782M	788M	587M	737M
Other Receivables - (Insurance Template)	1.53B	1.27B	470M	352M	1.56B
Separate Account Assets	45B	68.15B	-	-	-
Gross Property Plant And Equipment	1.21B	1.2B	1.13B	1.19B	728M
Accumulated Depreciation	-266M	-293M	-297M	-315M	-24M
Net Property Plant And Equipment	946M	902M	832M	874M	704M
Goodwill	441M	441M	441M	2.21B	441M
Other Intangibles, Total	1.04B	1.2B	873M	1.87B	328M
Other Current Assets, Total	210M	218M	188M	420M	159M
Deferred Tax Assets Long-Term (Collected)	33M	86M	88M	27M	112M
Other Long-Term Assets, Total	20M	81M	177M	20M	146M
Total Assets	109B	120B	23.02B	21.83B	22.39B
Liabilities
Accrued Expenses, Total	103M	108M	49M	70M	45M
Insurance And Annuity Liabilities	25.22B	25.69B	1.71B	13.94B	2.33B
Unpaid Claims	13.36B	13.99B	10.6B	-	11.51B
Unearned Premiums	1.59B	1.45B	983M	-	460M
Reinsurance Payable - (BS)	56M	53M	121M	-	-
Long-Term Debt	3.1B	2.35B	1.27B	1.17B	1.12B
Separate Account Liability	55.79B	65.75B	-	-	-
Current Income Taxes Payable	60M	84M	108M	20M	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	983M	605M	236M	272M	321M
Pension & Other Post Retirement Benefits	31M	28M	20M	20M	20M
Deferred Tax Liability Non-Current	389M	400M	365M	519M	-
Other Non Current Liabilities	1.73B	2.46B	1.06B	1.09B	2.58B
Total Liabilities	102B	113B	16.53B	17.1B	18.39B
Common Stock, Total	90M	90M	90M	90M	101M
Retained Earnings	5.56B	6.08B	5.27B	3.49B	2.45B
Comprehensive Income and Other	1.23B	1.23B	1.14B	1.14B	1.45B
Total Common Equity	6.88B	7.4B	6.5B	4.72B	4B
Total Equity	6.88B	7.4B	6.5B	4.72B	4B
Total Liabilities And Equity	109B	120B	23.02B	21.83B	22.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	87.6M	88.12M	88.64M	88.75M	-
ECS Total Common Shares Outstanding	87.49M	87.98M	88.52M	88.75M	-
Book Value / Share	78.63	84.1	73.41	53.21	-
Tangible Book Value	5.39B	5.76B	5.18B	644M	3.23B
Tangible Book Value Per Share	61.64	65.45	58.56	7.26	-
Total Debt	3.1B	2.35B	1.27B	1.17B	1.12B
Net Debt	-2.74B	-1.4B	-2.83B	694M	466M
Debt Equivalent Oper. Leases	-	-	-	568M	-
Equity Method Investments, Total	1.74B	2.32B	53M	60M	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	375M	384M	364M	435M	22M
Full Time Employees	2.46K	2.42K	2.1K	2.1K	2.15K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.12B	2.14B	2.05B	1.05B	-
Depreciation, Depletion & Amortization	36M	32M	47M	26M	-
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	3M	-
Total Depreciation, Depletion & Amortization	36M	32M	47M	29M	-
Amortization of Deferred Charges, Total	108M	117M	88M	83M	-
Net Cash From Discontinued Operations	-	-	2.45B	-168M	-
Other Operating Activities	4.71B	2.17B	-169M	188M	-
Cash from Operations	5.98B	4.45B	4.46B	1.18B	-
Capital Expenditure	-396M	-535M	-337M	-513M	-
Sale of Property, Plant, and Equipment	-	-	438M	-	-
Cash Acquisitions	-	-	-	-1.92B	-
Divestitures	-	-	3.86B	-	-
Investment in Marketable and Equity Securities, Total	-3.21B	-4.03B	-2.12B	835M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-222M	453M	-2.96B	6M	-
Cash from Investing	-3.83B	-4.11B	-1.11B	-1.59B	-
Short Term Debt Issued, Total	500M	-	-	-	-
Long-Term Debt Issued, Total	1.2B	1B	400M	-	-
Total Debt Issued	1.7B	1B	400M	-	-
Short Term Debt Repaid, Total	-500M	-	-	-	-
Long-Term Debt Repaid, Total	-	-1.75B	-1.3B	-549M	-
Total Debt Repaid	-500M	-1.75B	-1.3B	-549M	-
Issuance of Common Stock	33M	50M	67M	62M	-
Repurchase of Common Stock	-	-	-	-50M	-
Common Dividends Paid	-741M	-762M	-2.05B	-2.75B	-
Common & Preferred Stock Dividends Paid	-741M	-762M	-2.05B	-2.75B	-
Special Dividend Paid	-	-990M	-990M	-	-
Other Financing Activities, Total	-1M	-	2.59B	-	-
Cash from Financing	486M	-2.45B	-1.28B	-3.28B	-
Miscellaneous Cash Flow Adjustments	-89M	29M	-1.72B	61M	-
Net Change in Cash	2.54B	-2.08B	349M	-3.63B	-
Supplemental Items
Cash Interest Paid	184M	184M	106M	141M	-
Cash Income Tax Paid (Refund)	313M	616M	176M	460M	-
Net Debt Issued / Repaid	1.2B	-749M	-899M	-549M	-
Levered Free Cash Flow	2.16B	12.64B	19.06B	469M	-
Unlevered Free Cash Flow	2.22B	12.7B	19.09B	524M	-
Change In Net Working Capital	-1.44B	-11.25B	-18.42B	88M	-1.48B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.93	1.53	1.11	4.52	3.69
Return on Total Capital	10.54	17.84	9.09	14.88	15.23
Return On Equity %	16.93	29.95	13.82	18.99	20.49
Return on Common Equity	16.93	29.95	13.82	18.99	20.49
Margin Analysis
Gross Profit Margin %	11.66	16.5	23.14	17.38	24.57
SG&A Margin	3.52	2.87	7.03	-	6.81
EBITDA Margin %	6.01	9	16.61	15.56	11.81
EBITA Margin %	5.87	8.9	16.02	15.32	11.55
EBIT Margin %	5.87	8.9	16.02	15.29	11.55
Income From Continuing Operations Margin %	4.28	6.76	12.07	9.99	7.59
Net Income Margin %	4.28	6.76	25.76	9.99	7.59
Net Avail. For Common Margin %	4.28	6.76	12.07	9.99	7.59
Normalized Net Income Margin	3.46	5.42	9.74	8.6	6.71
Levered Free Cash Flow Margin	8.21	39.95	239.64	4.46	-
Unlevered Free Cash Flow Margin	8.46	40.12	239.98	4.98	-
Asset Turnover
Asset Turnover	0.25	0.28	0.11	0.47	0.51
Fixed Assets Turnover	27.71	34.25	9.17	12.33	31.16
Receivables Turnover (Average Receivables)	80.91	75.41	37.7	-	48.76
Short Term Liquidity
Current Ratio	3.18	2.31	1.52	46.3	0.25
Quick Ratio	3.11	2.24	1.44	43.19	0.17
Operating Cash Flow to Current Liabilities	0.34	0.23	0.33	3.27	-
Days Sales Outstanding (Average Receivables)	4.52	4.84	9.68	-	7.51
Average Days Payable Outstanding	231.08	219.79	866.29	-	503.48
Long Term Solvency
Total Debt/Equity	45.05	31.77	19.56	24.78	27.95
Total Debt / Total Capital	31.06	24.11	16.36	19.86	21.85
LT Debt/Equity	45.05	31.77	19.56	24.78	27.95
Long-Term Debt / Total Capital	31.06	24.11	16.36	19.86	21.85
Total Liabilities / Total Assets	93.71	93.85	71.78	78.37	82.12
EBIT / Interest Expense	15.11	33.93	29.63	18.27	11.91
EBITDA / Interest Expense	15.46	34.31	30.72	18.6	12.18
(EBITDA - Capex) / Interest Expense	11.58	27.87	22.88	12.77	12.18
Total Debt / EBITDA	1.97	0.83	0.96	0.71	0.86
Net Debt / EBITDA	-1.73	-0.49	-2.15	0.42	0.36
Total Debt / (EBITDA - Capex)	2.62	1.02	1.29	1.04	0.86
Net Debt / (EBITDA - Capex)	-2.32	-0.61	-2.88	0.62	0.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-11.17	20.61	-13.99	8.21	4.74
Gross Profit, 1 Yr. Growth %	-22.96	72.89	-37.77	14.46	28.56
EBITDA, 1 Yr. Growth %	-24.18	80.6	-46.54	9.43	-15
EBITA, 1 Yr. Growth %	-24.72	82.74	-47.74	11.18	-15.46
EBIT, 1 Yr. Growth %	-24.72	82.74	-47.74	10.97	-15.29
Earnings From Cont. Operations, 1 Yr. Growth %	-27.34	90.21	-49.21	-2.41	-22.86
Net Income, 1 Yr. Growth %	-27.34	90.21	-4.16	-51.77	-22.86
Normalized Net Income, 1 Yr. Growth %	-26.91	88.71	-48.91	1.4	-17.95
Diluted EPS Before Extra, 1 Yr. Growth %	-27.23	88.66	-49.77	-3.28	-
Net Property, Plant and Equip., 1 Yr. Growth %	-0.21	-4.65	-7.76	5.05	17.5K
Accounts Receivable, 1 Yr. Growth %	6.79	10.6	-37.38	-	-19.09
Total Assets, 1 Yr. Growth %	11.02	10.14	-80.87	-3.44	7.62
Common Equity, 1 Yr. Growth %	7.53	7.56	-12.18	-25.63	-3.89
Tangible Book Value, 1 Yr. Growth %	5.62	6.77	-9.97	-87.21	-6.56
Cash From Operations, 1 Yr. Growth %	-39.06	-25.47	0.22	-73.49	-
Capital Expenditures, 1 Yr. Growth %	-47.76	35.1	32.16	52.23	-
Levered Free Cash Flow, 1 Yr. Growth %	-129.5	486.63	49.97	-92.44	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-130.58	472.12	49.83	-91.59	-
Dividend Per Share, 1 Yr. Growth %	35.29	104.35	-53.19	4.55	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.01	3.51	-44.95	6.65	6.53
Gross Profit, 2 Yr. CAGR %	10.9	14.66	-21.96	-21.37	30.27
EBITDA, 2 Yr. CAGR %	-6.19	17.01	-8.48	-18.61	-6.67
EBITA, 2 Yr. CAGR %	-6.4	17.29	-9.08	-18.71	-6.23
EBIT, 2 Yr. CAGR %	-6.4	17.29	-9.08	-18.79	-6.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.1	17.56	-7.58	-25.43	-11.84
Net Income, 2 Yr. CAGR %	-8.1	17.56	35.02	-29.89	-38.02
Normalized Net Income, 2 Yr. CAGR %	-7.6	17.44	-7.62	-22.76	-8.94
Diluted EPS Before Extra, 2 Yr. CAGR %	-8.55	17.17	-8.43	-25.92	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.19	-2.46	-6.22	-1.56	-8.01
Accounts Receivable, 2 Yr. CAGR %	3.93	8.68	-16.78	-	-
Total Assets, 2 Yr. CAGR %	14.59	10.58	-54.1	-57.42	-0.47
Common Equity, 2 Yr. CAGR %	6.93	7.55	-2.81	-20.11	-20.6
Tangible Book Value, 2 Yr. CAGR %	4.64	6.19	-1.96	-66.56	-19.86
Cash From Operations, 2 Yr. CAGR %	-18.2	-32.61	-13.57	-48.46	-
Capital Expenditures, 2 Yr. CAGR %	-11.01	-15.99	-7.75	41.84	-
Levered Free Cash Flow, 2 Yr. CAGR %	-3.73	31.56	197.36	-80.79	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.37	32.27	193.26	-79.72	-
Dividend Per Share, 2 Yr. CAGR %	-12.44	66.27	-2.2	-30.05	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.41	23.52	-35.43	-26.27	6.06
Gross Profit, 3 Yr. CAGR %	-4.87	28.03	-22.63	-15.42	-2.87
EBITDA, 3 Yr. CAGR %	-12.18	16.7	-14.04	1.25	-19.21
EBITA, 3 Yr. CAGR %	-12.39	16.98	-14.62	1.49	-19.45
EBIT, 3 Yr. CAGR %	-12.39	16.98	-14.62	1.43	-19.45
Earnings From Cont. Operations, 3 Yr. CAGR %	-13.44	17.11	-14.7	-2.21	-23.78
Net Income, 3 Yr. CAGR %	-13.44	17.11	9.82	-2.21	-26.85
Normalized Net Income, 3 Yr. CAGR %	-13.37	17.23	-14.56	-0.11	-21.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.93	16.42	-15.18	-2.88	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.66	-2.36	-4.26	-2.6	-7.93
Accounts Receivable, 3 Yr. CAGR %	-2.99	6.11	-9.56	-	-14.59
Total Assets, 3 Yr. CAGR %	10.52	13.09	-38.39	-41.55	-42.91
Common Equity, 3 Yr. CAGR %	3.58	7.14	0.52	-11.79	-18.52
Tangible Book Value, 3 Yr. CAGR %	0.78	5.35	0.51	-50.76	-17.49
Cash From Operations, 3 Yr. CAGR %	-2.27	-20.7	-23.08	-41.72	-
Capital Expenditures, 3 Yr. CAGR %	4.4	2.28	-23.68	9.01	-
Levered Free Cash Flow, 3 Yr. CAGR %	70.24	75.84	37.66	-39.85	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	78.91	74.82	38.03	-38.19	-
Dividend Per Share, 3 Yr. CAGR %	-15.41	16.14	8.97	0	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.19	9.66	-17.79	-8.93	-17.88
Gross Profit, 5 Yr. CAGR %	4.74	10.06	-12.35	-5.99	-7.37
EBITDA, 5 Yr. CAGR %	-0.46	6.86	-10.71	-1.79	-8.93
EBITA, 5 Yr. CAGR %	-0.38	7.06	-11.08	-1.74	-9.05
EBIT, 5 Yr. CAGR %	-0.38	7.06	-11.08	-1.78	-9.05
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.8	6.84	-11.14	-4.61	-11.56
Net Income, 5 Yr. CAGR %	-0.8	6.84	3.41	-4.61	-11.56
Normalized Net Income, 5 Yr. CAGR %	-1.03	7.13	-11.12	-3.18	-9.85
Diluted EPS Before Extra, 5 Yr. CAGR %	2.12	7.79	-11.77	-5.19	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.78	-1.8	-2.92	-2.04	-5.78
Accounts Receivable, 5 Yr. CAGR %	-2.91	-3.96	-8.76	-	-5.95
Total Assets, 5 Yr. CAGR %	10.07	10.38	-22.24	-23.49	-25.63
Common Equity, 5 Yr. CAGR %	8.19	9.49	0.97	-4.73	-8.95
Tangible Book Value, 5 Yr. CAGR %	6.42	8.13	-0.32	-33.43	-8.73
Cash From Operations, 5 Yr. CAGR %	2.06	-6.07	-6.96	-33.25	-
Capital Expenditures, 5 Yr. CAGR %	14.64	7.95	-0.64	0.51	-
Levered Free Cash Flow, 5 Yr. CAGR %	-11.28	229.61	112.79	-27.4	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.94	278.93	118.01	-26.09	-
Dividend Per Share, 5 Yr. CAGR %	-	-	-10.35	-5.18	-