Alm. Brand posted Q1 insurance service profit of DKK496 million, up from DKK337 million YoY, with pre‑tax profit rising to DKK313 million.
Combined ratio improved to 83.1% from 88.2%, claims ratio fell to 63.5% and expense ratio to 18.3% versus 18.6% prior.
Insurance revenue grew 2.5% to DKK2.93 billion; Personal Lines premiums rose 6.4% while Commercial Lines fell 1.8% as profitability was prioritized.
Investment result swung to a DKK43 million loss, cutting full‑year investment target to DKK150 million from DKK200 million; shares rose >2%.