Introducing Alm. Brand Group's Strategic Vision for 2028
Today marks an important occasion as Alm. Brand Group reveals its new strategy titled Unfolding the Scale Potential during a Capital Markets Day event. The group is setting ambitious financial targets leading up to 2028, emphasizing their commitment to becoming a leading Danish non-life insurer.
Financial Goals Set for Future Success
With the integration of Codan successfully completed, Alm. Brand Group is poised to tap into significant operational efficiencies. They are targeting an insurance service result of DKK 2,350 million by 2028, which includes run-off gains. This figure surpasses the projected insurance service result for 2025 by DKK 500 million, showcasing robust growth potential.
Improving Operational Efficiency
Alm. Brand Group aims to refine its combined ratio to a remarkable 82 by 2028. This goal entails a careful reduction in the expense ratio down to 16, aligning with the company’s mission to enhance overall efficiency in their operations.
Commitment to Shareholders
Understanding the importance of rewarding its shareholders, Alm. Brand Group continues its commitment to distribute a significant portion of future earnings. The policy ensures a consistent payout ratio of at least 80%, combining dividend payments alongside share buy-backs.
Capital Position and Share Buy-backs
As part of the new strategy, the partial internal model (PIM) expansion is expected to lower the capital requirement, facilitating an additional share buy-back program of DKK 600 million planned for 2026. With this approach, Alm. Brand Group aims to maintain a strong capital position while raising the capital target from 170% to 180% of the solvency capital requirement.
Promising Earnings Growth Ahead
Alm. Brand Group anticipates an annual growth in earnings per share of 10% on average from 2026 through 2028. To further ensure profitability, they are introducing a new target called Return on Own Funds (RoOF), aiming for an impressive 40% by 2028.
Live Webcast of Today's Presentation
For those interested in detailed insights, today’s presentation is being live-webcasted, giving stakeholders a chance to follow along with the developments and strategic outline from 10:30 a.m. to 1:00 p.m. (CET), and it will be available for later viewing as well.
Contact for Inquiries
For any questions regarding these announcements, please feel free to reach out to:
Investors and Analysts
Mads Thinggaard, Head of IR & ESG
Nikolaj Albert Moldrup Thalbitzer, Senior Investor Relations Officer
Mobile: +45 20 25 54 69
Mobile: +45 20 60 57 84
Press Inquiries
Mikkel Luplau Schmidt, Head of Communications and Media Relations
Mobile: +45 20 52 38 83
Frequently Asked Questions
What is the new strategy of Alm. Brand Group?
The new strategy is called Unfolding the Scale Potential, targeted at enhancing operational efficiency and profitability.
What are the key financial targets set for 2028?
Alm. Brand Group aims for an insurance service result of DKK 2,350 million, with a combined ratio of 82 and an expense ratio of 16.
How will Alm. Brand Group reward its shareholders?
The company has committed to a payout ratio of at least 80%, which includes dividends and share buy-backs.
What share buy-backs are planned for the future?
An additional share buy-back of DKK 600 million is expected to be initiated in 2026.
What is the Return on Own Funds target?
Alm. Brand Group aims for a RoOF target of 40% to be achieved by 2028.
