• 449B449BProfit per share was DKK 12.5 (2012: DKK 14.2) • 450B450BCombined ratio was 91.5% (2012: 88.0%) • 451B451BCombined ratio excluding run-off profits was 95.0%
17B17BIn order to participate in the conference call, please phone: 18B18BUK dial in number: +44 (0)20 7162 0125 19B19BUS dial in number: +1 334 323 6203 20B20Bquoting reference 941928 495B495B10-15 minutes before the conference and ask the operator to connect you to the Topdanmark conference call – or listen to the live transmission of the call.
Annual financial statements – Group 57B57B33 Income statement 58B58B34 Statement of comprehensive income 59B59B35 Assets 60B60B36 Shareholders’ equity and liability 61B61B37 Cash flow statement 62B62B38 Statement of changes in equity 63B63B39 Notes to the financial statements 64B64B70 Accounting policies
121B121BThe class of "Assets related to I/A" (Illness / Accident) comprises the investments in Topdanmark Livsforsikring corresponding to the size of the I/A provisions.
599B599BOverall the pre-tax result of life insurance is assumed to be DKK 200-230m.
Storm claims up to DKK 5,100m (75) (75) (Plus reinstatement premium etc.)
Capital structure and ownership 749B749BTopdanmark's Board of Directors has an authorisation granted in the Articles of Association to increase the Company's share capital, to raise convertible loans and / or issue warrants. The issues may be with or without preemptive rights for the Company's shareholders. The authorisations are limited to a total of 2,500,000 shares. They expire on 17 April 2018.
1059B1059BTopdanmark works to maintain and develop openness in our company culture to counter any form of discrimination due to gender, race, colour, nationality, social and ethnic origin, religion, beliefs, political opinion, disability, age and sexual orientation. Topdanmark believes that diversity provides business value and that it is important that all employees have access to executive positions at all levels. In 2013 Topdanmark's Board of Directors adopted a policy for diversity. Detailed information on diversity including “Women in management” is available in the CSR Report.
Bonuses paid in cash 279 260 Claims and benefits paid 3,146 3,860
Provisions for unearned premiums at 1 January 2,678 2,713 Gross premiums written 8,851 9,018 Premiums earned (8,823) (8,963)
Severance pay Severance pay has been described in "Severance pay" in "Management's review".
Anders Knutsen 731 244 Trine Zappe 325 81 Knud J. Vest 108 Total fee paid to nine Board members 4,631 4,631 The Board of Directors receive only a fixed remuneration.
In the financial year Topdanmark Livsforsikring A/S merged with Topdanmark Livsforsikring V A/S, Topdanmark Livsforsikring II A/S, Topdanmark Livsforsikring III A/S, Topdanmark Link Livsforsikring A/S and TDL.0018 ApS.
1076B1076BExamples of short-tail lines are building, personal property and comprehensive motor insurance. Long-tail lines relate to personal injury and liability such as workers' compensation, accident, third party insurance and commercial liability.
964B964BAt the end of 2013 Topdanmark received cash margin payments of DKK 885m securing unrealised gains on derivatives (2012: 1,234m).
973B973BThe actual IT emergency plan includes plans for reestablishing the IT environment if the systems suffer breakdowns. The IT emergency plan is tested regularly. Topdanmark's business critical systems can be inaccessible for 24 hours without causing significant business problems. In order to reduce the probability of breakdowns of the IT systems and limit their duration, Topdanmark has invested in, for example, emergency power plants with a diesel generator, disk mirroring, alarms and automatic fire fighting equipment. Critical IT equipment is in duplicate and placed in two physically discrete machine rooms.
301B301BExchange rate differences on the translation of foreign associated companies are included in other comprehensive income.
351B351BFinancial assets at fair value with any value adjustment taken to the income statement are financial assets which either are included in a trading portfolio, are derivatives or at the time of their first recognition are included in this classification, because the assets are managed and measured on a fair value basis, or because this eliminates or significantly reduces accounting inconsistency.
1020B1020BBoard of Directors: 1021B1021BMichael Pram Rasmussen Søren Thorup Sørensen Anders Colding Friis 1022B1022B(Chairman) (Deputy Chairman)