- CEO
- Andreas Ruben Madsen
- Full Time Employees
- 2,055
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- Midtermolen 7 Copenhagen Denmark 2100
- IPO Date
- Nov 11, 2021
- Business
- Alm. Brand A/S is a Denmark-based financial services group primarily engaged in the provision of insurance and financial solutions across non-life insurance, life insurance and pensions, and banking sectors. The company manufactures and sells a broad range of insurance products, including health and accident insurance, workers' compensation, liability, vehicle, fire and property insurance, marine, aviation and transport insurance. It serves personal, commercial, and agricultural segments through its own sales channels and partnerships. In banking, Alm. Brand provides deposit and lending products, mortgage financing, pensions, home finance, and investment consultancy tailored to the Danish market.
Founded in 1792 and headquartered in Copenhagen, Alm. Brand operates as a unified insurance group with subsidiaries including Alm. Brand Forsikring A/S, Alm. Brand Bank A/S, and Alm. Brand Liv og Pension A/S. Its non-life insurance portfolio includes car, home, building, pet, youth, and accident insurance products, while its life and pension segment offers corporate pension plans, pension savings, and insurance cover that includes death, disability, and critical illness protection. The company integrates digital platforms for enhanced customer experience across its pension and banking offerings.
Recent major changes include the strategic acquisition of Codan’s Danish non-life insurance business in 2022, which significantly increased its market share to approximately 18% of the Danish non-life market, solidifying its position as the second-largest provider in Denmark. In 2024, Alm. Brand reported strong financial performance driven by improved profitability in both Personal and Commercial Lines and implemented a DKK 100 million share buyback program related to 2024 profits. The company also plans further distributions from the divestment of its Energi & Marine segment. Alm. Brand continues to focus on synergy realization from the Codan integration and enhancing operational efficiencies aiming to meet its 2025 financial targets.
Alm. Brand's business segments encompass personal and commercial lines insurance, non-life insurance, life insurance and pensions, and banking services, offering holistic solutions to private households, businesses, and agricultural customers primarily within Denmark. The company is known for its customer-centric approach, combining insurance, banking, and pension products into integrated packages designed to meet the evolving needs of its client base while leveraging digital innovation.
Overall, Alm. Brand A/S stands as a leading Danish insurance and financial services group with a broad product portfolio, strong market presence in Denmark, continuous operational enhancements, and strategic growth initiatives underpinning its competitive position and financial resilience.