Brief: Alm. Brand Upgrades Its Outlook For 2026
BRIEF-Alm. Brand Upgrades Its Outlook For 2026 Oct 5 (Reuters) - ALM. Brand A/S ALMB.CO:
UPGRADES 2026 OUTLOOK DUE TO LOW CLAIMS AND RUN-OFF GAINS
OUTLOOK FY ADJUSTED PRETAX PROFIT DKK 1,650-1,750 MILLION
LOWERS INVESTMENT RESULT GUIDANCE TO DKK 150 MILLION FOR 2026
GUIDANCE FOR EXPENSE RATIO REMAINS UNCHANGED AT AROUND 17%
COMBINED RATIO IS NOW EXPECTED TO BE 86.5-87.5, COMPARED TO PREVIOUSLY GUIDED RANGE OF 88-90
FULL-YEAR GUIDANCE FOR INSURANCE SERVICE RESULT IS INCREASED BY DKK 250 MILLION TO DKK 1.5-1.6 BILLION
EXPECTS TO REPORT A PRE-TAX PROFIT BEFORE OTHER INCOME AND EXPENSES OF DKK 1.65-1.75 BILLION FOR 2026
EXPECTS PRE-TAX PROFIT OF DKK 1.65-1.75 BILLION FOR 2026
Source text: ID:nGNEbvTxjX
Further company coverage: ALMB.CO
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
Recent news on ALM. Brand A/S
See all newsDenmark's Alm. Brand Q3 insurance revenue rises on Personal Lines unit strength
Brief: Alm. Brand Q3 Gross Premium Income DKK 3,054 Million
Brief: Alm. Brand Upgrades Its Outlook For 2026
GS starts Alm. Brand at 'buy' on earnings growth potential, low valuation
Europe Research Roundup: ALM. Brand, Lotus Bakeries, Saab