Brief: Alm Brand Q1 Insurance Revenue Rises To DKK 3,012 Mln

ALM. Brand A/S

02/05/2024 08:58

May 2 (Reuters) - ALM. Brand A/S  ALMB.CO :
    * Q1 INSURANCE REVENUE DKK 3,012 MILLION VERSUS DKK 2,853
MILLION
YEAR AGO
    * Q1 INSURANCE SERVICE RESULT DKK 295 MILLION VERSUS DKK 205
MILLION YEAR AGO
    * Q1 PERIOD WAS IMPACTED BY SUSTAINED HIGH  EXPENSES FOR
WEATHER-RELATED CLAIMS
    * LIFTS ITS GUIDANCE FOR PRE-TAX PROFIT EXCLUDING SPECIAL
COSTS
FOR 2024
    * STILL EXPECTS TO REALISE AN INSURANCE SERVICE RESULT OF
DKK
1.40-1.60 BILLION EXCLUDING RUN-OFF GAINS  AND LOSSES FOR Q2-Q4
2024
    * SUPPORTED BY THE DEVELOPMENT IN THE INVESTMENT RESULT FOR 
Q1
2024, THE GUIDANCE IS LIFTED BY DKK 100 MILLION TO ABOUT  DKK
350 MILLION
    * OTHER ACTIVITIES EXPECTED TO GENERATE A LOSS  OF ABOUT DKK
125
MILLION
    * 2024 OUTLOOK: LIFTS ITS GUIDANCE FOR CONSOLIDATED  PROFIT
EXCLUDING SPECIAL COSTS TO DKK 1.63-1.83 BILLION FROM 
PREVIOUSLY DKK 1.53-1.73 BILLION

Source text for Eikon:  ID:nGNE68xnfH 
Further company coverage:  ALMB.CO 

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