Capital model

"From 1998 to 2017, earnings distribution took place via buy-back of Topdanmark shares. During that period, it was decided to cancel own shares representing 78.17% of the share capital. At the 2017 AGM, it was decided that Topdanmark should discontinue its share buy-back programme and switch to distribution of dividends."

- Lars Thykier, CFO

Capital model
Topdanmark does not want to accumulate unnecessary excess capital. Shareholders’ equity in excess of what is required to maintain business operations is distributed to the shareholders.


Title Type

Capital model October 2019


Share price

Investor contact
Steffen Heegaard, head of IR and Group Communications is responsible for the contact to share analysts and institutional investors:

Tel: +45 44 74 40 17
Mobile: +45 40 25 35 24