Alm Brand A/S 2010 AR2
The report highlights Alm. Brand A/S's performance and strategic initiatives during the fiscal year 2010. The group incurred a pre-tax loss of DKK 536 million, primarily driven by significant impairment writedowns on the bank's lending portfolio. Conversely, the non-life insurance segment developed positively, and the life insurance operations achieved highly satisfactory results with an 8.1% return on policyholders' investment portfolios. In response to these challenges, Alm. Brand sharpened its banking strategy to focus on private customers, leasing, and asset management while winding up non-strategic activities. Additionally, the company successfully completed a rights issue to strengthen its capital base and advanced its corporate social responsibility initiatives, including energy-saving measures and ethical investment policies.
Company: Alm Brand A/S
Sector: Finance & insurance
Country: Denmark
Year: 2010
Type: AR2
Pages: 144
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Alm Brand A/S
Annual Report
The report highlights Alm. Brand A/S's performance and strategic initiatives during the fiscal year 2010. The group incurred a pre-tax loss of DKK 536 million, primarily driven by significant impairment writedowns on the bank's lending portfolio. Conversely, the non-life insurance segment developed positively, and the life insurance operations achieved highly satisfactory results with an 8.1% return on policyholders' investment portfolios. In response to these challenges, Alm. Brand sharpened its banking strategy to focus on private customers, leasing, and asset management while winding up non-strategic activities. Additionally, the company successfully completed a rights issue to strengthen its capital base and advanced its corporate social responsibility initiatives, including energy-saving measures and ethical investment policies.
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Document Details
Report Year
2010
Reporting Period
Jan 1, 2010 - Dec 31, 2010
Fiscal Year
2010
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees