Topdanmark Forsikring A/S køber Oona Health A/S (1 MB) - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 16, 2023 Newswires
Share
Share
Post
Email

Topdanmark Forsikring A/S køber Oona Health A/S (1 MB)

Swiss Equity Markets (Web Disclosure) via PUBT

Acquisition of Oona Health A/S

Oona Health at a glance

Market leading (#1) health insurance provider in Denmark

  • Oona Health is a specialised Danish1 health insurance group with a market share of ~16% in 2021 within private health insurance products
  • Through its subsidiary, the insurance companyDansk Sundhedssikring, the group provides health insurance to 530k individuals, primarily through customer relationships with 15k companies
  • Distributed via brokers, pension companies and directly, Oona Health offers health insurance to companies and their employees
  • The group's core offering includes i)Primacare - a high quality health service and network provider with +800 clinics in the network, and ii) FIDIMI - a digital-based health platform helping individuals and companies prevent serious health risks
  • Since inception, Oona Health has been on a continued growth journey with strong double digit premium growth (CAGR of 24% in the last 3 years)
  • Oona Health is headquartered in Herlev, Denmark and employs a total of 211 FTEs

Note: 1) Denmark is the core market with a limited presence in Sweden since 2021; 2) Denmark only

Key figures

Gross written premiums

2022 DKK

612.6m

Gross premium growth

CAGR 2020-22

24%

Private customers

2022

530k

2

Transaction details

Transaction value

  • Purchase price of DKK 2.25bn

Transaction perimeter

  • Oona Health Group (including holding companies and subsidiaries)
  • Sellers include AnaCap Financial Partners and a number of minority shareholders

Closing of the transaction

  • Expected closing of the transaction in the second half of 2023
  • Conditions precedent to closing includes approval from the Danish FSA, the Competition Authorities and the Danish Business Authority

Financing of the transaction

  • The transaction will be financed by available excess capital
  • As a consequence of the transaction, the proposed dividend for 2022 will be reduced to DKK 31 per share

Purchase

price of DKK

2.25bn

Expected closing in second half of 2023

3

+10% higher

Positive

Positive

Marginal

impact on

impact on

operating

impact on

premium

combined

EPS1

SCR

growth

ratio

Financial impact on Group KPIs (2024E)

Oona Health to continue as a separate entity post completion of the acquisition with management and certain key employees to be minority shareholders (2-3% of Oona Health)

Strong synergy potential in the transaction, primarily driven by top-line synergies (with limited expected cost synergies)

Assuming closing as at 31 December 2023, limited impact on 2023E financials

Notes 1) Operating Earnings Per share : EPS adjusted for amortisation of intangible assets related to brands and customer relations and excluding intergration and transaction cost

4

Transaction perimeter

5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Topdanmark A/S published this content on 16 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2023 12:24:21 UTC.

Older

SIGNET JEWELERS LTD – 10-K – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Newer

Roundstone Announces Medical Captive Forum (MCF 2023) in Chicago on May 18-19, 2022

Advisor News

  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
More Advisor News

Annuity News

  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity News

Health/Employee Benefits News

  • Modest rate increases set for 2027 health insurance plans
  • Healthcare COStS a potent political issue in Georgia, but more for Dems
  • GOV. EVERS DELIVERS RADIO ADDRESS, SLAMS PRESIDENT TRUMP AND CONGRESSIONAL REPUBLICANS FOR KICKING THOUSANDS OF WISCONSINITES OFF THEIR HEALTHCARE COVERAGE DUE TO SKY-HIGH COSTS
  • Health task force examines how data can help rural healthcare
  • New Findings from University of California in the Area of Managed Care Reported (Barriers to Medicaid Participation for Community Midwives in California): Managed Care
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life Insurance Awareness Month: Time to Reassess Your Coverage
  • U-Haul Holding Company Announces Twentieth Annual Virtual Analyst and Investor Meeting
  • Securian Financial Increases Individual Life Retention to $10 Million, Strengthening Support for High-Net-Worth Life Insurance Market
  • Americans without children are less confident about retirement, Allianz finds
  • The conversation almost no advisor is having yet
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet