ALM. Brand A/S
CSE:ALMB
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ALM. Brand A/S
Once upon a time in the bustling Scandinavian business hub emerged a company that effectively marries the traditional with the contemporary: ALM. Brand A/S. Originally founded as an insurance company, it has grown exponentially over the years, expanding its horizons to dominate various financial service sectors. As one of Denmark's longstanding financial institutions, ALM. Brand thrives on its robust yet diverse service offerings, which include non-life insurance, banking, and pension products. Equipped with a deep understanding of market demands and customer needs, the company has solidified its position by adopting a strategy that integrates comprehensive client support with innovative financial solutions.
At the core of ALM. Brand’s success lies its ability to make money through a multifaceted revenue model. The insurance segment remains a steadfast income stream, with the company offering property, casualty, and personal insurance products—ranging from automobile to homeowner policies. This is complemented by its banking arm that provides traditional banking services, loans, and investment opportunities. Meanwhile, the pension sector ensures long-term financial planning and security incentives for its clients, appealing to those seeking a stable future. By constantly adapting to shifting market dynamics and leveraging technological advancements, ALM. Brand manages to maintain customer loyalty, optimize operational efficiencies, and provide value-driven financial solutions, effectively sustaining its economic robustness.
Once upon a time in the bustling Scandinavian business hub emerged a company that effectively marries the traditional with the contemporary: ALM. Brand A/S. Originally founded as an insurance company, it has grown exponentially over the years, expanding its horizons to dominate various financial service sectors. As one of Denmark's longstanding financial institutions, ALM. Brand thrives on its robust yet diverse service offerings, which include non-life insurance, banking, and pension products. Equipped with a deep understanding of market demands and customer needs, the company has solidified its position by adopting a strategy that integrates comprehensive client support with innovative financial solutions.
At the core of ALM. Brand’s success lies its ability to make money through a multifaceted revenue model. The insurance segment remains a steadfast income stream, with the company offering property, casualty, and personal insurance products—ranging from automobile to homeowner policies. This is complemented by its banking arm that provides traditional banking services, loans, and investment opportunities. Meanwhile, the pension sector ensures long-term financial planning and security incentives for its clients, appealing to those seeking a stable future. By constantly adapting to shifting market dynamics and leveraging technological advancements, ALM. Brand manages to maintain customer loyalty, optimize operational efficiencies, and provide value-driven financial solutions, effectively sustaining its economic robustness.
Strong Growth: Insurance revenue exceeded DKK 3 billion for the first time, with Personal Lines growing 10% and overall revenue up 7.5% year-on-year.
Profitability Improvement: Combined ratio improved to 82.2% from 85.7% last year, and the insurance service result hit a record DKK 535 million.
Synergy Delivery: Synergies from the Codan acquisition surpassed targets, reaching a DKK 600 million run rate with expectations to hit DKK 650 million by year-end.
Guidance Upgrades: 2025 insurance service result guidance raised by DKK 100 million to DKK 1.75–1.85 billion, investment result guidance increased to DKK 300 million, and profit guidance now DKK 1.93–2.03 billion before tax.
Claims & Pricing: Claims inflation remains centered in motor insurance, expected to be about 3% next year, with repricing tailwinds set to slow in Q4 and 2026.
Capital & Buybacks: Surplus capital supports likely continued share buybacks into next year, with further details to be provided at the November 18 CMD.