Alm. Brand Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Debt Securities	1,208	1,229	1,271	1,083	968	12,561
Equity and Preferred Securities	19,992	18,594	20,830	20,625	20,191	9,623
Other Investments	277	20,229	23,739	23,841	977	140
Total Investments	21,340	40,052	45,840	45,549	21,992	22,324
Cash & Equivalents	266	607	295	288	458	110
Reinsurance Contract Assets	541	485	296	470	1,196	674
Other Receivables	-	2,586	2,661	1,802	3,496	874
Net Property, Plant & Equipment	-	624	748	844	914	132
Other Intangible Assets	9,051	9,181	9,457	10,339	10,764	43
Other Assets	875	69	954	58	960	37,814
Total Assets	32,801	32,022	35,435	35,569	36,869	42,235
Unearned Premiums	-	-	-	-	1,252	1,128
Claims Reserves	18,033	16,084	15,410	17,064	31,803	13,796
Accounts Payable	3,490	3,726	6,281	4,357	6,073	20,100
Total Debt	1,422	1,089	1,550	1,593	1,587	1,767
Other Liabilities	2,474	3,453	6,114	3,818	4,632	19,419
Total Liabilities	32,801	32,022	35,435	35,569	36,869	42,235
Common Stock	1,405	1,453	1,541	1,541	1,541	1,541
Retained Earnings	-	8,493	9,469	10,066	11,365	11,703
Total Common Shareholders' Equity	10,593	11,971	13,006	13,547	27,133	27,412
Minority Interest	397	397	397	397	397	0
Shareholders' Equity	10,990	12,368	13,403	13,944	27,530	27,412
Total Liabilities & Equity	32,801	32,022	35,435	35,569	36,869	42,235
Book Value	10,593	11,971	13,006	13,547	27,133	27,412
Book Value Per Share	7.52	8.20	8.56	8.79	17.61	108.38
Tangible Book Value	1,542	2,790	3,549	3,208	16,369	27,369
Tangible Book Value Per Share	1.09	1.91	2.34	2.08	10.62	108.21