Denmark's Alm. Brand insurance revenue rises, lifts 2026 result outlook

ALM. Brand A/S

28/04/2026 06:31

Overview

Denmark insurer's Q1 insurance revenue rose 2.5% on Personal Lines premium growth

Insurance service result improved, with combined ratio falling to 83.1 from 88.2

Company raised insurance service result guidance but cut investment result target for 2026

Outlook

Alm. Brand raises 2026 insurance service result guidance to DKK 1.8-2.0 bln

Company lowers 2026 investment result target to DKK 0.15 bln from DKK 0.2 bln

Result Drivers

COMMERCIAL LINES PROFITABILITY - Co said improved insurance service result was driven by favourable developments and profitability measures in Commercial Lines

PERSONAL LINES PREMIUM GROWTH - Insurance revenue grew due to 6.4% premium growth in Personal Lines

MARKET VOLATILITY - Investment result was a loss, impacted by geopolitical turmoil and high volatility

Company press release: ID:nGNE22kwCg

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Premium Income
DKK 2.93 bln
Q1 EPS
DKK 0.20
Q1 Pretax Profit
DKK 313 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "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 DKK20.00, about 30.9% above its April 27 closing price of DKK15.28

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

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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.)