Topdanmark is one of the largest insurance companies in Denmark with a market share of 16%.

First and foremost, we create value for our shareholders through our core business and not via risky financial investments.

Objective

The objective of Topdanmark’s dividend policy is to distribute excess capital to its shareholders.

Principle
Topdanmark has a disciplined approach to capital, thus capital that is not necessary to maintain operations will be distributed to the shareholders and accumulation of unnecessary excess capital will be avoided.

Distribution

Topdanmark’s Board of Directors has adopted a dividend policy according to which dividend distribution will take place via annual distribution of dividends. Distribution of dividend will take place immediately after the approval at the annual general meeting.

The dividend will correspond to a payout ratio of minimum 70%.

Trend in dividend per share.

Given Topdanmark’s solid own funds, the Board of Directors will recommend to the AGM that distribution of a total dividend of DKK 1,035m takes place, representing DKK 11.5 per share, a pay-out ratio of 98.4 and a dividend yield of 3.6. 

Subject to the approval from the AGM, the distribution of dividend will take place immediately after the AGM on 23 April 2024.