Alm. Brand A/S upgrades its 2026 outlook

Alm. Brand A/S upgraded its 2026 full-year guidance following favorable Q3 results driven by low major claims, weather claims, and run-off gains. The insurance service result guidance increased by DKK 250 million to DKK 1.5-1.6 billion, with combined ratio improved to 86.5-87.5 from 88-90. Pre-tax profit before other income and expenses is now expected at DKK 1.65-1.75 billion, though investment result guidance was reduced to DKK 150 million due to rising interest rates.