Denmark · Delayed Price · Currency is DKK Alm. Brand Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong profitability improvements, especially in commercial lines, with insurance service result up 47% year-over-year and upgraded full-year guidance. Personal lines grew over 6%, while commercial lines focused on profitability amid a soft market.
Fiscal Year 2025
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Insurance service result and profitability improved significantly in 2025, driven by strong Personal Lines growth, cost reductions, and realized synergies. Outlook for 2026 is positive, with stable ratios and continued capital returns, while risk from claims inflation and arbitration is seen as manageable.
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The group has completed its transformation into a leading non-life insurer, set ambitious 2028 financial and operational targets, and will leverage digitalization, AI, and a unified platform for efficiency. New ESG goals and a customer loyalty program are supported by foundation funding.
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Q3 2025 saw strong organic growth, improved combined and claims ratios, and record insurance revenue. Guidance for 2025 was upgraded, with synergies and cost control driving profitability. Claims inflation remains a focus, especially in motor.
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Q2 delivered strong revenue and technical results, with Personal Lines growing 11% and synergies driving margin improvements. Guidance for 2025 was upgraded, and solvency is set to benefit from PIM model approval.
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Strong Q1 performance with 8.2% Personal Lines premium growth, improved cost ratios, and significant synergies realized. Guidance for 2025 was upgraded, reflecting run-off gains and continued margin improvements, while capital actions and regulatory developments were addressed.
Fiscal Year 2024
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2024 saw strong growth in Personal and Commercial Lines, improved loss and cost ratios, and profit before tax above guidance. Record distributions and robust synergies were achieved, with 2025 guidance reflecting continued operational improvements and significant capital returns.
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Q3 2024 saw strong Personal Lines growth and improved synergies, offsetting motor claim headwinds and flat Commercial Lines. Guidance for 2024 was upgraded, with cost reductions and capital returns planned, while profitability initiatives continue amid sector challenges.
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Q2 2024 saw strong premium growth, especially in personal lines, but profitability was pressured by higher large and motor claims, prompting further pricing and efficiency initiatives. The divestment of the Energy and Marine business will free up capital for shareholder returns and sharpen focus on the Danish market.