Brief: Alm. Brand Q4 Total Income Falls To DKK 1.89 Bln

ALM. Brand A/S

11/02/2021 07:50

Feb 11 (Reuters) - ALM. Brand A/S  ALMB.CO :
    * REG-ALM. BRAND A/S - PRELIMINARY STATEMENT OF FINANCIAL
RESULTS
FOR 2020
    * 2021 OUTLOOK: ALM. BRAND EXPECTS TO REPORT A PRE-TAX
PROFIT OF
DKK 600-650 MILLION EXCLUDING RUN-OFF GAINS AND LOSSES IN 2021
    * 2021 OUTLOOK: NON-LIFE INSURANCE IS EXPECTED TO POST A
PRE-TAX
PROFIT OF DKK 575 MILLION
    * THE GROUP GENERATED A CONSOLIDATED PRE-TAX PROFIT ON
CONTINUING
ACTIVITIES OF DKK 214 MILLION IN Q4 2020, AGAINST A PROFIT OF
DKK 66 MILLION IN Q4 2019
    * NON-LIFE INSURANCE REPORTED A PRE-TAX PROFIT OF DKK 311
MILLION
IN Q4 2020, AGAINST A PRE-TAX PROFIT OF DKK 151 MILLION
EXCLUDING SPECIAL COSTS IN Q4 2019
    * LIFE INSURANCE GENERATED A PRE-TAX PROFIT OF DKK 20
MILLION IN
Q4 2020, AGAINST A PRE-TAX PROFIT OF DKK 25 MILLION EXCLUDING
SPECIAL COSTS IN Q4 2019
    * BOARD OF DIRECTORS RECOMMENDS THAT A DIVIDEND OF DKK 4.00
PER
SHARE BE DISTRIBUTED FOR 2020
    * THE TOTAL CAPITAL OF THE ALM. BRAND A/S GROUP WAS DKK 3.8
BILLION AT 31 DECEMBER 2020, CORRESPONDING TO AN EXCESS OF DKK
2.6 BILLION RELATIVE TO THE SOLVENCY CAPITAL REQUIREMENT
    * Q4 TOTAL INCOME DKK 1.89 BLN VS DKK 1.96 BLN YR AGO

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

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