Alm. Brand A/SOMXCOP: ALMB

Alm. Brand A/S upgrades its 2026 outlook

· Issued by Alm. Brand A/S

Summary by 6ix AI

Alm. Brand A/S raised its outlook for 2026 after its third-quarter 2026 performance. The company says the upgrade is driven by a low level of major claims and weather claims, as well as run-off gains (gains on claims from earlier periods).

Key details

  • Full-year guidance for the insurance service result (the profit from insurance operations) was increased by DKK 250 million to DKK 1.5-1.6 billion, excluding run-offs in the fourth quarter of 2026, from the previously guided range of DKK 1.2-1.4 billion.
  • The combined ratio (claims and costs measured against premiums) is now expected to be 86.5-87.5, compared with the previously guided 88-90. Guidance for the expense ratio is unchanged at around 17%.
  • The investment result is now expected to be DKK 150 million, compared with the previous expectation of DKK 250 million, which the company attributes to the increase in interest rates.
  • Alm. Brand A/S now expects a 2026 pre-tax profit before other income and expenses of DKK 1.65-1.75 billion. Other income and expenses, including amortisation of intangible assets, are expected to remain unchanged at a total expense of approximately DKK 0.5 billion.
  • The year-on-year improvement in the underlying claims ratio in the third quarter was relatively low compared with the first half of 2026.

What’s still pending

  • All 2026 figures are company expectations, and the insurance service result guidance excludes run-offs in the fourth quarter of 2026.
  • Full third-quarter 2026 results are scheduled to be reported on October 28, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/alm-brand-as-upgrades-its-2026-outlook

Watch Alm. Brand explain itAlm. Brand (Copenhagen:ALMB) Q3 2026 Earnings Call · Replay · Oct 28, 2026 · From 3:02 · Insurance Results by Segment

Following a favourable Q3 2026 performance, Alm. Brand A/S upgrades its outlook for 2026. The upgrade is driven by a low level of major claims and weather claims as well as run-off gains. The Q3 improvement in the underlying claims ratio y-o-y was relatively low compared to the first half of 2026.

The full-year guidance for the insurance service result is increased by DKK 250 million to DKK 1.5-1.6 billion, excluding run-offs in Q4 2026, from the previously guided range of DKK 1.2-1.4 billion.

The guidance for the expense ratio remains unchanged at around 17%, while the combined ratio is now expected to be 86.5-87.5, compared to the previously guided range of 88-90.

The investment result is expected to be DKK 150 million, compared with the previous expectation of DKK 250 million. The development is driven by the increase in interest rates.

Consequently, Alm. Brand A/S now expects to report a pre-tax profit before other income and expenses of DKK 1.65-1.75 billion for 2026. Other income and expenses, including amortisation of intangible assets, are expected to remain unchanged at a total expense of approximately DKK 0.5 billion.

Alm. Brand A/S will report its full Q3 2026 results on 28 October 2026.

Contact
Please direct any questions regarding this announcement to:

Investors and equity analysts:                       

VP, Head of Investor Relations & ESG           
Mads Thinggaard                             
Mobile no, +45 2025 5469

Press:                                                                                      

Head of Communications and Media Relations
Mikkel Luplau Schmidt
Mobile no. +45 2052 3883
             

Attachment

  • AS 54 2026 - 2026 outlook

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