Alm. Brand A/S Secures Key Expansion for Partial Internal Model

Author: Evelyn Baker Updated: 08-26-2025 09:00 AM

Significant Approval for Alm. Brand A/S

The Danish Financial Supervisory Authority (FSA) has granted approval for Alm. Brand A/S to utilize a Partial Internal Model (PIM) for their total insurance activities. This pivotal decision is expected to significantly assist the company in managing its solvency capital requirements.

Expected Impact on Solvency Capital Requirements

With this approval, Alm. Brand A/S anticipates a reduction of approximately DKK 0.6 billion in its solvency capital requirements. The move is considered a major advancement for the company, allowing them to better align their capital management strategies under the existing Solvency II regulatory framework.

Details on the Expansion

The PIM is a comprehensive internal model covering all of Alm. Brand's insurance operations, including those recently acquired from Codan. This acquisition, finalized in early May, has major implications for the company’s operational efficiency and capital management.

Historical Context and Company Position

Prior to this development, the solvency capital requirement for the newly acquired activities from Codan was determined using the standard formula associated with Solvency II. The transition to the Partial Internal Model recognizes the changed dynamics and operational capabilities of Alm. Brand A/S, allowing the company to optimize its capital requirements further.

Comparative Expectations

The FSA's approval is in line with earlier forecasts that suggested the company would experience a reduction of around DKK 0.5 billion in capital requirements. Such projections were previously noted in company announcements, reflecting a commitment to enhancing shareholder value and operational transparency.

Company Contact Information

For further inquiries regarding this announcement, Alm. Brand A/S encourages communication directed toward:

Investors and Equity Analysts

Mads Thinggaard
Head of Investor Relations & ESG
Mobile: 2025 5469

Press Inquiries

Mikkel Luplau Schmidt
Media and Press Officer
Mobile: 2052 3883

Frequently Asked Questions

What is the significance of the Partial Internal Model approval?

The approval allows Alm. Brand A/S to optimize its solvency capital, leading to potential savings and increased operational efficiency.

How much will Alm. Brand A/S save from this approval?

The company expects to reduce its solvency capital requirement by approximately DKK 0.6 billion.

What does the PIM cover?

The Partial Internal Model encompasses all of Alm. Brand's insurance activities, including those from the Codan acquisition.

When was the Codan acquisition completed?

The Codan acquisition was finalized on May 2, 2022.

Who can be contacted for more information?

For inquiries, investors can reach out to Mads Thinggaard, and press inquiries can be directed to Mikkel Luplau Schmidt.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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