Topdanmark 9mo profit more than doubles
Denmark-based insurer Topdanmark has raised its full-year profit guidance for the second time this year after reporting a post-tax gain of DKr1.37bn ($233m) for the first nine months of 2011, more than double the DKr673m achieved in the same period last year. The result was achieved on relatively flat premiums – non-life up to DKr6.55bn from DKr6.47bn and life up to DKr2.40bn from DKr2.34bn.
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