ALM. Brand A/S
OTC:ABDBY
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 Results: 2025 ended better than expected, with the insurance service result rising to DKK 1.91 billion from DKK 1.44 billion last year.
Personal Lines Growth: Personal Lines grew by 9.7% for the year and nearly 10% in Q4, supported by bank partnerships and market share gains.
Improved Profitability: Cost ratio improved to 17%, and the underlying loss ratio fell by 3.1 percentage points, driven by repricing and synergies.
Record Capital Distribution: Proposed total payout of DKK 1.4 billion (98% payout ratio) for 2025, including a DKK 500 million ordinary buyback and DKK 0.66 dividend per share; an additional DKK 1 billion extraordinary buyback expected in 2026.
Synergy Success: Codan integration delivered DKK 618 million in synergies, exceeding the DKK 600 million target.
2026 Guidance: Technical result ex run-offs guided at DKK 1.65–1.85 billion, combined ratio (ex run-offs) at 84.5%–86.5%, and investment result of DKK 200 million.
Claims and Pricing: Claims inflation is moderating with no major new repricing expected for 2026; premium growth expected to start around 3%.
