The objective of Topdanmark’s earnings distribution policy is to distribute
excess capital to its shareholders.
Topdanmark has a disciplined approach to capital in order that capital that is not necessary to maintain operations will be distributed to the shareholders and to avoid accumulation of unnecessary excess capital.
Earnings distribution policy
Topdanmark’s Board of Directors has adopted an earnings distribution policy according to which earnings distribution will take place via annual distribution of dividends. Distribution of dividends will take place immediately after the AGM.
The dividends will correspond to a pay-out ratio of at least 70%.
Earnings distribution for 2018
Distribution of dividends for 2018 was DKK 1,350m representing a pay-out ratio of 101.5%.