Topdanmark A/S (CPH: TOP)

Topdanmark Income Statement

Financials in millions DKK. Fiscal year is January - December.

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	10,895	10,197	9,898	9,021	20,154	19,963
Total Interest & Dividend Income	88	-169	1,111	335	2,014	2,383
Gain (Loss) on Sale of Investments	421	475	-1,297	-113	3,981	7,029
Other Revenue	42	15	8	4	92	165
Total Revenue	11,446	10,518	9,720	9,247	26,241	29,540
Revenue Growth (YoY)	12.33%	8.21%	5.12%	-64.76%	-11.17%	75.92%
Policy Benefits	9,420	8,690	8,123	5,305	21,981	24,452
Policy Acquisition & Underwriting Costs	-	-	-	985	1,239	1,115
Selling, General & Administrative	-	-	-	541	885	853
Other Operating Expenses	288	220	148	59	676	1,151
Reinsurance Income or Expense	-	-	-	81	81	78
Total Operating Expenses	9,708	8,910	8,271	6,809	24,700	27,493
Operating Income	1,738	1,608	1,449	2,438	1,541	2,047
Interest Expense	-111	-88	-43	-48	-102	-78
Other Non Operating Income (Expenses)	-72	-72	22	37	14	19
EBT Excluding Unusual Items	1,555	1,448	1,428	2,427	1,453	1,988
Asset Writedown	-25	-25	-46	-	-	-
Pretax Income	1,494	1,423	1,382	2,427	1,453	1,988
Income Tax Expense	393	372	305	537	329	441
Earnings From Continuing Ops.	1,101	1,051	1,077	1,890	1,124	1,547
Earnings From Discontinued Ops.	-195	-	1,102	248	-	-
Net Income	906	1,051	2,179	2,138	1,124	1,547
Net Income to Common	906	1,051	2,179	2,138	1,124	1,547
Net Income Growth	-60.66%	-51.77%	1.92%	90.21%	-27.34%	16.23%
Shares Outstanding (Basic)	89	89	88	88	87	87
Shares Outstanding (Diluted)	89	89	89	88	87	87
Shares Change (YoY)	-0.25%	0.44%	0.63%	0.54%	0.28%	0.68%
EPS (Basic)	10.20	11.85	24.70	24.38	12.88	17.82
EPS (Diluted)	10.18	11.80	24.65	24.32	12.88	17.70
EPS Growth	-60.65%	-52.13%	1.36%	88.82%	-27.23%	14.94%
Free Cash Flow	594	670	4,126	4,198	5,579	9,047
Free Cash Flow Per Share	6.69	7.54	46.62	47.73	63.78	103.72
Dividend Per Share	11.500	11.500	11.000	23.500	11.500	8.500
Dividend Growth	4.55%	4.55%	-53.19%	104.35%	35.29%	-43.33%
Operating Margin	15.18%	15.29%	14.91%	26.37%	5.87%	6.93%
Profit Margin	7.92%	9.99%	22.42%	23.12%	4.28%	5.24%
Free Cash Flow Margin	5.19%	6.37%	42.45%	45.40%	21.26%	30.63%
EBITDA	1,758	1,637	1,496	2,471	1,577	2,080
EBITDA Margin	15.36%	15.56%	15.39%	26.72%	6.01%	7.04%
D&A For EBITDA	20	29	47	33	36	33
EBIT	1,738	1,608	1,449	2,438	1,541	2,047
EBIT Margin	15.18%	15.29%	14.91%	26.37%	5.87%	6.93%
Effective Tax Rate	26.31%	26.14%	22.07%	22.13%	22.64%	22.18%

Source: S&P Capital IQ. Insurance template. Financial Sources.