The Board of Directors of Topdanmark has today adopted the Annual Report for 2006. Key features: • Post-tax profit for 2006 increased 45.9% to DKK 1,692m (pre-tax: DKK 2,223m). • Post-tax profit per share increased 53.0% to DKK 88.3. • The profit represented a 39.4% post-tax return on shareholders' equity (pre-tax: 51.8%). • Premium income increased 4.7% in non-life insurance and 23.7% in life insurance. • The expense ratio declined 0.2 of a percentage point to 14.6%. • The combined ratio declined 4.9 percentage points (2.8 percentage points excluding the storm in 2005) to 86.0%. • Topdanmark expects post-tax profit to be DKK 1,200 - 1,300m in 2007 and the combined ratio just over 88%. • Topdanmark expects the share buy-back programme to be DKK 1,700m for 2007 including DKK 450m transferred from 2006 giving a total “yield” for the year of 10.1%. • It is recommended that this Annual Report is read together with www.topdanmark.comwhich provides detailed and supplementary information. • On www.topdanmark.com Presentations a webcast is available in which Topdanmark's CEO, Poul Almlund, presents the financial highlights and comments on the forecast. • Based on the Annual Report and the webcast, a conference call will be held today at 15:30 (CET) when Poul Almlund, CEO, and Christian Sagild, Group Managing Director, will be available for questions. The call will be conducted in English. In order to access the conference call, please phone UK dial in number: +44 (0) 20 7162 0025 US dial in number: +1 334 323 6201 5 - 10 minutes before the conference asking the operator to connect you to the Topdanmark conference call. Please direct any queries to: Poul Almlund, Chief Executive Officer Direct tel.: +45 4474 3453 Christian Sagild, Group Managing Director Direct tel.: +45 4474 4450 Steffen Heegaard, Communication and IR Manager Direct tel.: +45 4474 4017, Mobile: +45 4025 3524 Read the complete report in the attached file