ALM. Brand gains on Q3 insurance results beat, FY outlook upgrade

ALM. Brand A/S

29/10/2025 08:07

** Shares in ALM. Brand ALMB.CO gain 2.8% after the Danish firm's insurance results for Q3 came ahead of expectations and it lifted its guidance

** Jyske Bank analysts say the results were driven by gross premium income of 3 billion Danish crowns ($468.54 million), broadly in line with expectations and a combined ratio of 82.2%, which was 0.8% lower than expected

** The insurer lifted its guidance for FY2025 insurance service result to 1.75-1.85 billion Danish crowns

** "We see it as a natural consequence of the level of run-off results in Q3 and the strong underlying improvement" - Jyske

** Up to yesterday's close, stock up 28% YTD

($1 = 6.4029 Danish crowns)

(Reporting by Paolo Laudani)

((Paolo.laudani@thomsonreuters.com))