July 27, 2017 11:38 PM ET

Insurance

Company Overview of Alm. Brand Forsikring A/S

Company Overview

Alm. Brand Forsikring A/S offers non-life insurance services. The company’s services include private commercial, and agricultural segments. The company was incorporated in 1999 and is based in Copenhagen, Denmark. Alm. Brand Forsikring A/S operates as a subsidiary of Alm. Brand A/S.

Midtermolen 7

Copenhagen,  2100

Denmark

Founded in 1999

Phone:

45 35 47 47 47

Key Executives for Alm. Brand Forsikring A/S

Chief Executive Officer and Director
Age: 59
Compensation as of Fiscal Year 2017.

Alm. Brand Forsikring A/S Key Developments

Alm. Brand Forsikring Reports Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year 2017

Alm. Brand Forsikring reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported underwriting profit of DKK 198 million against DKK 226 million a year ago. Profit before tax was DKK 236 million against DKK 205 million a year ago. Profit for the year was DKK 187 million against DKK 163 million a year ago. Return on equity before tax p.a. was 35.3% against 28.9% a year ago. Return on equity after tax p.a. was 27.9% against 23.0% a year ago. The performance was lifted by an improved investment result, fewer expenses for weather-related claims and by run-off gains, but adversely affected by higher costs and an increase in expenses for small and major claims. The guidance for the company is lifted by DKK 125 million to a profit of about DKK 600 million before tax. This profit corresponds to a combined ratio of about 90% and an expense ratio of around 17%. The growth forecast for the year is raised to around 2%.

Alm. Brand Forsikring A/S Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for 2016

Alm. Brand Forsikring A/S reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, total income was DKK 1,266 million. Profit before tax was DKK 196 million. Profit after tax was DKK 158 million. Return on equity after tax was 23.1%. For the year, total income was DKK 5,043 million against DKK 5,058 million a year ago. Profit before tax was DKK 959 million against DKK 651 million a year ago. Profit after tax was DKK 743 million against DKK 490 million a year ago. Return on equity after tax was 29.1% against 22.2% a year ago. For 2016, the non-life insurance activities are expected to generate pre-tax profit of DKK 525 million.

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Recent Private Companies Transactions

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