1. Denmark Stocks

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    Financial Services

  3. •

    Insurance - Diversified
Topdanmark A/S

Topdanmark A/S

TPDNF
Topdanmark A/SUS flagOther OTC
51.22
USD
- -
- -
4.72BMarket Cap
Topdanmark A/S
TPDNF
(Other OTC)

Recent

price

51.22

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
93.95
100.34
99.57
94.25
117.55
111.85
133.11
161.51
218.71
247.29
193.73
339.02
302.91
107.4
95.1
117.27
123.65
Revenue per Share
-1.21
9.22
7.72
7.44
14.63
12.45
14.94
11.7
16.79
20.22
15.43
17.82
12.88
24.38
24.7
11.85
11.89
Basic EPS, GAAP
26.08
25.75
-1.06
-0.64
-0.47
- -
- -
- -
-1.77
-2.1
-2.98
-5.38
-4.54
-5.83
-3.82
-5.72
-5.93
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
18.98
14.97
8.49
19.98
34.46
30.99
- -
Dividend per Share
11.29
19.01
22.55
24.91
33.84
33.8
37.1
34.37
38.12
38.02
39.88
42.03
44.15
34.92
4.51
28.67
33.31
Book Value per Share
14.61
21.6
25.01
28.11
37.85
38.72
42.71
39.52
42.61
61.48
57.11
58.81
61.8
65.65
57.08
7.25
11.32
Tangible Book Value per Share
156
157
151
137
125
118
104
100
91
86
86
87
87
88
88
89
89
Basic Weighted Avg Shares
14,693
15,741
15,066
12,951
14,648
13,188
13,880
16,146
20,004
21,193
16,708
29,435
26,434
9,419
8,388
10,400
10,973
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-189
1,446
1,168
1,023
1,823
1,468
1,558
1,170
1,536
1,733
1,331
1,547
1,124
2,138
2,179
1,051
1,055
Net Income, GAAP
- -
22.38
22.44
24.17
21.93
21.71
22.49
23.53
20.96
22.46
21.8
22.19
22.64
22.14
22.07
26.12
26
Effective Tax Rate (%)
-1.29
9.19
7.75
7.9
12.45
11.13
11.22
7.25
7.68
8.18
7.97
5.26
4.25
22.7
25.98
10.11
9.61
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
8,485
8,041
5,715
8,171
4,331
4,487
4,600
4,633
3,306
3,080
2,922
3,769
4,826
4,819
1,969
2,051
2,454
LT Debt
2,895
4,117
4,552
4,566
5,368
5,185
5,064
4,640
4,703
6,191
6,016
6,397
6,879
7,399
6,349
4,721
5,138
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
15.23
12.22
10.7
18.79
17.97
19.02
14.71
21.5
27.33
21.96
23.34
14.95
25.82
42.52
30.2
20.44
Return on Capital (%)
-9.41
60.92
36.53
29.93
47.72
35.8
39.67
32.03
44.37
51.39
39.75
43.65
29.97
61.83
125.92
71.47
36.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
- -
- -
- -
LT Borrowings
1,993
2,051
2,454
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
89
89
89
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
549
476
781
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.11%
-3.68%
-25.64%
Free Cash Flow
- -
22.39%
50.45%
Net Income, GAAP
3.14%
5.85%
-51.77%
Sales/Revenue/Turnover
4.49%
2.93%
23.99%
Total Cash Common Dividend
- -
27.35%
-9.61%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,075
1,760
1,950
2,736
8,388
2023
2,593
2,504
2,529
3,057
10,400
2024
2,883
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1.83
3.96
3.33
15.57
24.7
2023
4.21
2.93
2.94
1.77
11.85
2024
4.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
30.43
4.09
- -
- -
34.46
2023
- -
- -
- -
- -
30.99
2024
- -
- -
- -
- -
- -
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Business
Topdanmark A/S Topdanmark A/S is a Danish insurance company providing non-life and life insurance products and services primarily to private households, small and medium-sized enterprises (SMEs), and agricultural businesses in Denmark. The company offers a comprehensive range of products including illness and accident insurance, health insurance, workers’ compensation, motor vehicle insurance, fire and property insurance, liability insurance, tourist assistance, and other non-life policies; life insurance and pension fund schemes; as well as ancillary services such as IT, investments, health care, and property management, all marketed under the Topdanmark brand. Founded in 1728 and headquartered in Ballerup, Denmark, Topdanmark A/S operates exclusively within the Danish market through its Private and SME segments, serving individual customers, agricultural operations, and SMEs with tailored insurance solutions. In a major strategic development, Sampo Oyj completed its acquisition of the remaining shares of Topdanmark A/S in October 2024, fully integrating it into Sampo's Nordic P&C insurance platform under the If Skadeforsikring brand; this followed Sampo's prior ownership of a significant stake and has driven ongoing synergies now estimated at EUR 140 million pre-tax by 2028, up from an initial EUR 95 million projection, primarily from IT transformations, cost savings, and revenue enhancements. From July 1, 2025, Topdanmark continues to offer insurance products under both Topdanmark and If brands in Denmark, benefiting customers with expanded digital services, a broader product portfolio, improved service partnerships, and enhanced claims handling capabilities as part of the larger group's 10,000 employees across multiple Nordic countries. The integration positions the combined entity as a leading player in the Danish P&C market, second only to Tryg, with accelerated synergy realization achieving the 2025 target of EUR 24 million ahead of schedule in Q3 2025.