Executive Summary
On 20th of July, Topdanmark (OTCPK:TPDKY) reported its Q2 2018 results. Adversely impacted by higher-than-expected weather-related claims, the post-tax profit dropped by DKK 129 million ($21 million) to DKK 474 million ($76 million) in Q2 2018. On a year-to-date basis, the post-tax result declined from DKK 889 million ($142 million) to DKK 613 million ($98 million), because of the lower technical results and a reduced investment income. The stock price has dropped by around 10% since the results release. Nevertheless, the recent pullback is not sufficient for me to buy the