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Danish insurer providing property, casualty, life and pension insurance to consumers and businesses.
Danish insurer providing property, casualty, life and pension insurance to consumers and businesses.
Earns premiums on insurance sold to households and smaller businesses, keeping what is left after claims and costs, plus income on investing the premiums until claims are paid. Results swing with Danish storm and flood damage and with how readily it can raise prices.
Moat: narrow (brand, distribution, regulatory licence). Long-established Danish insurance brand with broad distribution and underwriting scale.
Headquarters: Copenhagen, Denmark · Founded: 1792 · Employees: 2,040
Size Alm. Brand A/S (ALMB.CO) is a Denmark Financials company (Multi-Line Insurance) with a market value of $3.70B, the 25th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 17.42 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against +0.3% for the median peer and +8.8% for the Denmark market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 3.3% over the last twelve months (peer median +10.0%); the operating margin is 14.4% (peer median 11.7%).
Valuation It trades at 2.19× book value against a peer median of 1.01× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 7.3%; Alm. Brand A/S delivers 8.8%, so the price asks less than the business earns today.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 13.4B | DKK 13.4B | DKK 13.1B | DKK 13.5B | DKK 13.2B |
| Revenue growth | — | +3% | -3% | +2% | — |
| Net income | DKK 990M | DKK 1.35B | DKK 777M | DKK 612M | -DKK 163M |
| Free cash flow | DKK 1.82B | DKK 1.01B | DKK 588M | DKK 109M | n/a |
| Capital expenditure | DKK 118M | DKK 48.0M | DKK 117M | DKK 0 | DKK 161M |
| Total debt | DKK 1.67B | DKK 2.06B | DKK 2.65B | DKK 2.79B | DKK 2.94B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Alm. Brand A/S ALMB.CO | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% |
| Tryg A/S TRYG.CO | $14.2B | +10% | +5% | 12% | 2.61× | 8.1% |
| Gjensidige Forsikring GJF.OL | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% |
| Sampo SAMPO.HE | $29.1B | +10% | +2% | 16% | 3.60× | 11.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALMB.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.1% | +2.9% | 5th highest of 21 |
| 6-month return | +15.8% | +0.3% | 6th highest of 21 |
| Return on equity | 8.8% | 12.3% | 8th lowest of 21 |
| Price / book | 2.19× | 1.01× | 6th most expensive of 21 |
| Trailing P/E | 24.5× | 9.9× | 2nd most expensive of 19 |
| ROE the price implies | 7.3% | 8.0% | 8th least demanding of 20 |
| ROE delivered | 8.8% | 12.9% | 8th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |