Danica improves earnings due to better investment result in plagued health and accident business

Danica Pension, owned by Danske Bank, improved its earnings in the second quarter. The improvement is caused by an increased investment result in the deficit-ridden health and accident business.

Ole Krogh Petersen, CEO at Danica Pension. | Photo: Stine Bidstrup/ERH

Danske Bank's pension arm, Danica Pension, increased earnings in the second quarter, mainly due to improved investment results in its plagued health and accident business.

Profit before tax rose 16.5 percent to DKK 892m (EUR 119.8m).

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