{"success":true,"data":{"pressRelease":{"id":"154751","rtpr_id":"nGNEb6wQk5-20260929","ticker":"ALMB","exchange":"Nasdaq Copenhagen","all_tickers":["ALMB"],"title":"REG-Pre-silent newsletter ahead of Q3 2026 results","author":"Globe Newswire","published_at":"2026-09-29T06:00:00.169Z","article_body":"In this newsletter, Alm. Brand Group aims to disclose key trends and factors\nto give investors, analysts and others a better understanding of the\ncompany’s financial performance.\n\nOn 28(th) October 2026, Alm. Brand will publish Q3 2026 results and host a\nconference call for investors and analysts. The conference call and\npresentation will be available on Alm. Brand Group’s investor website.\n\nPrevious reports and presentations are available on almbrand.dk\n(https://www.globenewswire.com/Tracker?data=SKyH0HzzieQ5WXa7SkTljckQ5aBa5Pdhi3EZtin2nmlad3IoBNekMCkZnFHH7EpQYNG0y_Xntsa9z6A6Dj3QVCw0w7zgPNHfaFgLO3hoKhcvxkulyHjEp4fN_y7C8uEnZ03q963vxufgMMM84l1C8A==).\n\nPremiums are well-diversified between Personal and Commercial Lines\nIn general, Alm. Brand Group has a well-diversified business, with\napproximately 50% of premiums from each Personal and Commercial lines.\nPersonal lines are regarded as a stable business for premiums, whereas\nCommercial Line premiums may exhibit fluctuations from quarter to quarter,\nmainly due to premium adjustments affecting commercial customers. In general,\nit is Alm. Brand Groups ambition to ensure sustained profitable growth.\n\nIn the most recent quarter, Q2 2026, insurance revenue increased by 1.7%\ncompared to the previous year. The growth was driven by a 5.2% increase in\nPersonal Lines, while Commercial Lines experienced a decline in premiums of\n2.3%. The decrease for Commercial Lines should be viewed in the context of a\nfocus on improving profitability in a continued soft market for workers’\ncompensation and the ongoing focus on reducing volatility for large commercial\nclients. Adjusted for workers’ compensation and large corporate customers,\nthe commercial portfolio reflected a premium growth of 1.0% in Q2 2026.\n\nExpected claims levels\nThe annual level of major claims is expected to be around 6% of premium\nincome. For Commercial lines, this level is expected to be approximately 10%\nof premium income. Please note, that there are no significant seasonal\npatterns for major claims on a quarterly basis.\n\nIn contrast, weather-related claims are influenced by seasonal variations,\nwith 35%, 10%, 25%, and 30% of annual weather-related claims occurring in Q1,\nQ2, Q3, and Q4. On an annual basis, weather-related claims are expected to\namount to 3-4% of premium income. The midpoint corresponds to approximately\n4.9%, 1.4%, 3.5%, and 4.2% of premium income in Q1, Q2, Q3, and Q4,\nrespectively.\n\nAdditionally, as mentioned in financial reports, run-off gains are expected to\nbe approximately 2% of premiums on a long-term basis, but will fluctuate on a\nquarterly basis.\n\nFor reference, discounting amounted to 2.2 in Q2 2026. The discounting effect\nin Q3 2026 remains influenced by the workers’ compensation model change\nimplemented in Q4 2025, which partly offsets interest rate movements after the\nmodel change, while recent increases in interest rates exceed the effect of\nthe model change. The recent effects are thus more likely to materialise into\nhigher discounting ahead. As a general rule of thumb, a 1% parallel upward\nincrease in the interest rate curve leads to a 1% lower Combined Ratio, and\nvice versa for a 1% parallel decrease in the interest rate curve.\n\nPlease also remember that Industry data relating to motor frequency and\nweather statistics can be found through the Danish trade association for\ninsurance companies and pension funds (www.fogp.dk) and the Danish\nMeteorological Institute (www.dmi.dk).\n\nWell-diversified, low-risk investment portfolio\nAlm. Brand Group has a total investment asset mix of approximately DKK 21\nbillion mainly consisting of Danish mortgage bonds. A large part of the\nportfolio is hedged to balance expected return and value adjustment on\ntechnical provisions. The remaining part is spread over real estate, illiquid\ncredit, bonds and equities (free portfolio).\n\nIt is the overall investment strategy to remain cautious with a risk appetite\ncalibrated according to earnings from insurance operations. In general, the\ngroup has a well-diversified, low-risk investment portfolio.\n\nAs a general guideline, mortgage bonds can be expected to follow the\nperformance of Danish mortgage bonds with a two-year duration (ticker example:\nNYKRCMB2). For equities, the performance can be tracked using the ACWI index\nhedged to EUR (ticker example: M1CXUBLR). It is important to note that these\nindicators do not track Alm. Brand Group's portfolio on a 1:1 basis but should\nrather be viewed as a rule of thumb.\n\nIt is also important to highlight that the return on technical provisions is\ncalculated using the EIOPA discount curve with a volatility adjustment (VA).\nThe asset portfolio hedging of interest rate risk is designed to align with\nmarket-driven fluctuations in the yield curve components.\n\nOther items\n* Alm. Brand Group consensus estimates will be available on almbrand.dk\n(https://investorrelations.almbrand.dk/English/the-share/default.aspx#section=analyst)\nahead of the Q3 report.\nContact\n\nPlease direct any questions regarding this announcement to:\n\nInvestors and analysts:            \n\nHead of Investor Relations and ESG \nMads Thinggaard                              \nMobile no. +45 2025 5469\n\nSenior Investor Relations Officer\nNikolaj Thalbitzer\nMobile no. +45 2060 5784\n\nAttachment\n*     Investor news_Alm Brand Group pre-silent newsletter ahead of Q3'26\nresults\n(https://ml-eu.globenewswire.com/Resource/Download/bb5651cd-2af8-4d8a-92a7-f9911a3e94fa)","article_body_html":"","raw_payload":{"data":{"id":"nGNEb6wQk5-20260929","title":"REG-Pre-silent newsletter ahead of Q3 2026 results","author":"Globe Newswire","ticker":"ALMB","created":"2026-09-29T06:00:00.169Z","tickers":["ALMB"],"exchange":"Nasdaq Copenhagen","article_body":"In this newsletter, Alm. Brand Group aims to disclose key trends and factors\nto give investors, analysts and others a better understanding of the\ncompany’s financial performance.\n\nOn 28(th) October 2026, Alm. Brand will publish Q3 2026 results and host a\nconference call for investors and analysts. The conference call and\npresentation will be available on Alm. Brand Group’s investor website.\n\nPrevious reports and presentations are available on almbrand.dk\n(https://www.globenewswire.com/Tracker?data=SKyH0HzzieQ5WXa7SkTljckQ5aBa5Pdhi3EZtin2nmlad3IoBNekMCkZnFHH7EpQYNG0y_Xntsa9z6A6Dj3QVCw0w7zgPNHfaFgLO3hoKhcvxkulyHjEp4fN_y7C8uEnZ03q963vxufgMMM84l1C8A==).\n\nPremiums are well-diversified between Personal and Commercial Lines\nIn general, Alm. Brand Group has a well-diversified business, with\napproximately 50% of premiums from each Personal and Commercial lines.\nPersonal lines are regarded as a stable business for premiums, whereas\nCommercial Line premiums may exhibit fluctuations from quarter to quarter,\nmainly due to premium adjustments affecting commercial customers. In general,\nit is Alm. Brand Groups ambition to ensure sustained profitable growth.\n\nIn the most recent quarter, Q2 2026, insurance revenue increased by 1.7%\ncompared to the previous year. The growth was driven by a 5.2% increase in\nPersonal Lines, while Commercial Lines experienced a decline in premiums of\n2.3%. The decrease for Commercial Lines should be viewed in the context of a\nfocus on improving profitability in a continued soft market for workers’\ncompensation and the ongoing focus on reducing volatility for large commercial\nclients. Adjusted for workers’ compensation and large corporate customers,\nthe commercial portfolio reflected a premium growth of 1.0% in Q2 2026.\n\nExpected claims levels\nThe annual level of major claims is expected to be around 6% of premium\nincome. For Commercial lines, this level is expected to be approximately 10%\nof premium income. Please note, that there are no significant seasonal\npatterns for major claims on a quarterly basis.\n\nIn contrast, weather-related claims are influenced by seasonal variations,\nwith 35%, 10%, 25%, and 30% of annual weather-related claims occurring in Q1,\nQ2, Q3, and Q4. On an annual basis, weather-related claims are expected to\namount to 3-4% of premium income. The midpoint corresponds to approximately\n4.9%, 1.4%, 3.5%, and 4.2% of premium income in Q1, Q2, Q3, and Q4,\nrespectively.\n\nAdditionally, as mentioned in financial reports, run-off gains are expected to\nbe approximately 2% of premiums on a long-term basis, but will fluctuate on a\nquarterly basis.\n\nFor reference, discounting amounted to 2.2 in Q2 2026. The discounting effect\nin Q3 2026 remains influenced by the workers’ compensation model change\nimplemented in Q4 2025, which partly offsets interest rate movements after the\nmodel change, while recent increases in interest rates exceed the effect of\nthe model change. The recent effects are thus more likely to materialise into\nhigher discounting ahead. As a general rule of thumb, a 1% parallel upward\nincrease in the interest rate curve leads to a 1% lower Combined Ratio, and\nvice versa for a 1% parallel decrease in the interest rate curve.\n\nPlease also remember that Industry data relating to motor frequency and\nweather statistics can be found through the Danish trade association for\ninsurance companies and pension funds (www.fogp.dk) and the Danish\nMeteorological Institute (www.dmi.dk).\n\nWell-diversified, low-risk investment portfolio\nAlm. Brand Group has a total investment asset mix of approximately DKK 21\nbillion mainly consisting of Danish mortgage bonds. A large part of the\nportfolio is hedged to balance expected return and value adjustment on\ntechnical provisions. The remaining part is spread over real estate, illiquid\ncredit, bonds and equities (free portfolio).\n\nIt is the overall investment strategy to remain cautious with a risk appetite\ncalibrated according to earnings from insurance operations. In general, the\ngroup has a well-diversified, low-risk investment portfolio.\n\nAs a general guideline, mortgage bonds can be expected to follow the\nperformance of Danish mortgage bonds with a two-year duration (ticker example:\nNYKRCMB2). For equities, the performance can be tracked using the ACWI index\nhedged to EUR (ticker example: M1CXUBLR). It is important to note that these\nindicators do not track Alm. Brand Group's portfolio on a 1:1 basis but should\nrather be viewed as a rule of thumb.\n\nIt is also important to highlight that the return on technical provisions is\ncalculated using the EIOPA discount curve with a volatility adjustment (VA).\nThe asset portfolio hedging of interest rate risk is designed to align with\nmarket-driven fluctuations in the yield curve components.\n\nOther items\n* Alm. Brand Group consensus estimates will be available on almbrand.dk\n(https://investorrelations.almbrand.dk/English/the-share/default.aspx#section=analyst)\nahead of the Q3 report.\nContact\n\nPlease direct any questions regarding this announcement to:\n\nInvestors and analysts:            \n\nHead of Investor Relations and ESG \nMads Thinggaard                              \nMobile no. +45 2025 5469\n\nSenior Investor Relations Officer\nNikolaj Thalbitzer\nMobile no. +45 2060 5784\n\nAttachment\n*     Investor news_Alm Brand Group pre-silent newsletter ahead of Q3'26\nresults\n(https://ml-eu.globenewswire.com/Resource/Download/bb5651cd-2af8-4d8a-92a7-f9911a3e94fa)"},"type":"article","timestamp":"2026-09-29T06:00:00.331518521Z","server_sent_at_ms":1790661600331},"received_at":"2026-09-29T06:00:00.405Z","source_url":null},"analysis":{"id":"143512","press_release_id":"154751","analysis_json":{"industry":{"label":"Insurance","sector":"Financials"},"redFlags":[],"eventType":"other","narrative":"Alm. Brand Group issued its pre-silent newsletter ahead of Q3 2026 results, which will be published on 28 October 2026 with a conference call for investors and analysts.\n\nThe release restates known context rather than new news: premiums are roughly split 50/50 between Personal and Commercial lines, Q2 2026 insurance revenue rose 1.7% YoY (Personal +5.2%, Commercial -2.3% on workers' compensation repositioning).\n\nIt also frames claims expectations — major claims around 6% of premium income, weather claims 3-4% annually with seasonal weighting — and describes a low-risk investment portfolio of about DKK 21 billion, mainly Danish mortgage bonds.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine pre-earnings newsletter — calendar reminder for Q3 results on 28 October; no new financial disclosure."},"keyFigures":{"revenueYoy":"1.7%","customDimensions":{"q3_report_date":"2026-10-28","investment_portfolio":"DKK 21 billion","major_claims_pct_premium":"6%","run_off_gains_pct_premium":"2%","q2_personal_lines_premium_growth":"5.2%","commercial_growth_ex_workers_comp":"1.0%","weather_claims_pct_premium_annual":"3-4%","q2_commercial_lines_premium_change":"-2.3%"}},"quotedText":"","namedEntities":{"people":[{"name":"Mads Thinggaard","role":"Head of Investor Relations and ESG"},{"name":"Nikolaj Thalbitzer","role":"Senior Investor Relations Officer"}],"products":[],"companies":[{"name":"Alm. Brand Group","ticker":"ALMB","relationship":"filer"}],"dollarAmounts":[{"amount":"DKK 21 billion","context":"total investment asset mix, mainly Danish mortgage bonds"}]},"materialImpact":{"score":1,"reasoning":"Routine pre-silent-period investor newsletter restating known business mix, claims seasonality, and portfolio composition ahead of Q3 2026 results. No new guidance, financial results, or material events disclosed."},"tickerRelevance":{"others":[],"primary":"ALMB"},"globalImportance":12,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap European insurer","eventGravity":"routine investor communication","issuerAuthored":true,"newInformation":false}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Alm. Brand Group issued its pre-silent newsletter ahead of Q3 2026 results, which will be published on 28 October 2026 with a conference call for investors and analysts.\n\nThe release restates known context rather than new news: premiums are roughly split 50/50 between Personal and Commercial lines, Q2 2026 insurance revenue rose 1.7% YoY (Personal +5.2%, Commercial -2.3% on workers' compensation repositioning).\n\nIt also frames claims expectations — major claims around 6% of premium income, weather claims 3-4% annually with seasonal weighting — and describes a low-risk investment portfolio of about DKK 21 billion, mainly Danish mortgage bonds.","key_figures":{"revenueYoy":"1.7%","customDimensions":{"q3_report_date":"2026-10-28","investment_portfolio":"DKK 21 billion","major_claims_pct_premium":"6%","run_off_gains_pct_premium":"2%","q2_personal_lines_premium_growth":"5.2%","commercial_growth_ex_workers_comp":"1.0%","weather_claims_pct_premium_annual":"3-4%","q2_commercial_lines_premium_change":"-2.3%"}},"named_entities":{"people":[{"name":"Mads Thinggaard","role":"Head of Investor Relations and ESG"},{"name":"Nikolaj Thalbitzer","role":"Senior Investor Relations Officer"}],"products":[],"companies":[{"name":"Alm. Brand Group","ticker":"ALMB","relationship":"filer"}],"dollarAmounts":[{"amount":"DKK 21 billion","context":"total investment asset mix, mainly Danish mortgage bonds"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T06:00:06.889Z","global_importance":12,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap European insurer","eventGravity":"routine investor communication","issuerAuthored":true,"newInformation":false}},"durationMs":6643,"modelName":"glm-5.3-flashx"}}