Alm. Brand Income Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Premiums & Annuity Revenue	13,261	12,869	13,097	12,262	5,174
Total Interest & Dividend Income	265	-339	-402	163	102
Gain (Loss) on Sale of Investments	-	917	975	-1,226	-139
Other Revenue	464	128	269	904	257
Total Revenue	13,990	13,575	13,939	12,103	5,394
Revenue Growth (YoY)	3.06%	-2.61%	15.17%	124.38%	3.00%
Policy Benefits	11,449	9,404	9,901	9,601	3,461
Policy Acquisition & Underwriting Costs	-	-	-	-	761
Selling, General & Administrative	213	2,210	2,210	1,882	319
Other Operating Expenses	593	188	301	221	107
Reinsurance Income or Expense	-	-	-	-	1
Total Operating Expenses	12,255	11,802	12,412	11,704	4,647
Operating Income	1,735	1,773	1,527	399	747
Interest Expense	-179	-98	-175	-55	-15
Currency Exchange Gain (Loss)	-	17	5	34	-
Other Non Operating Income (Expenses)	29	-	-	-	-
EBT Excluding Unusual Items	1,585	1,692	1,357	378	732
Merger & Restructuring Charges	-	-213	-316	-376	-34
Other Unusual Items	-	-346	-357	-238	-
Pretax Income	1,585	1,133	684	-236	698
Income Tax Expense	413	335	220	-66	192
Earnings From Continuing Ops.	1,172	798	464	-170	506
Earnings From Discontinued Ops.	181	-21	148	544	92
Net Income	1,353	777	612	374	598
Preferred Dividends & Other Adjustments	24	29	25	7	-
Net Income to Common	1,329	748	587	367	598
Net Income Growth	74.13%	26.96%	63.64%	-37.46%	-3.24%
Shares Outstanding (Basic)	1,441	1,520	1,541	1,541	253
Shares Outstanding (Diluted)	1,460	1,520	1,541	1,541	253
Shares Change (YoY)	-3.92%	-1.40%	-	509.35%	64.35%
EPS (Basic)	0.92	0.49	0.38	0.24	2.36
EPS (Diluted)	0.92	0.49	0.38	0.24	2.36
EPS Growth	89.70%	27.64%	59.95%	-89.93%	-40.91%
Free Cash Flow	1,009	588	109	148	884
Free Cash Flow Per Share	0.69	0.39	0.07	0.10	3.50
Dividend Per Share	0.660	0.600	0.550	0.300	0.300
Dividend Growth	10.00%	9.09%	83.33%	-	-92.50%
Operating Margin	12.40%	13.06%	10.96%	3.30%	13.85%
Profit Margin	9.50%	5.51%	4.21%	3.03%	11.09%
Free Cash Flow Margin	7.21%	4.33%	0.78%	1.22%	16.39%
EBITDA	1,847	2,210	1,995	748	790
EBITDA Margin	13.20%	16.28%	14.31%	6.18%	14.65%
D&A For EBITDA	112	437	468	349	43
EBIT	1,735	1,773	1,527	399	747
EBIT Margin	12.40%	13.06%	10.96%	3.30%	13.85%
Effective Tax Rate	26.06%	29.57%	32.16%	-	27.51%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.