Alm. Brand Q4 insurance revenue up 4.6% on Personal Lines unit strength

ALM. Brand A/S

29/01/2026 06:38

Overview

Danish insurer's Q4 insurance revenue grew 4.6%, driven by strong premium growth in Personal Lines

Insurance service result for Q4 was profit of DKK 521 mln with a combined ratio of 82.4

Company announced DKK 1.5 bln share buyback program, part of DKK 2.4 bln total distribution

Outlook

Company plans to initiate DKK 1.5 bln share buyback in H1 2026

Alm. Brand expects total distribution of DKK 2.4 bln in 2026

Company to launch new loyalty program with DKK 100 mln investment

Result Drivers

PERSONAL LINES GROWTH - Insurance revenue grew by 4.6% in Q4 2025, driven by strong premium growth of 9.8% in Personal Lines

CLAIMS RATIO IMPROVEMENT - The undiscounted underlying claims ratio declined by 3.0 percentage points due to profitability-enhancing measures and synergies

EXPENSE RATIO REDUCTION - The expense ratio fell to 17.1, reflecting the group's aim of reducing insurance operating expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Premium Income
DKK 11.79 bln
FY EPS
DKK 0.80
FY Net Income
DKK 1.17 bln
FY Pretax Profit
DKK 1.59 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for ALM. Brand A/S is DKK21.50, about 19% above its January 28 closing price of DKK18.06

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNEc1BmsF

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)