Alm Brand A/S 2011 AR2
The report details Alm. Brand's financial and operational performance for the fiscal year 2011, highlighting a turbulent year with a consolidated loss of DKK 503 million, largely driven by impairment writedowns in its banking division. Conversely, the non-life insurance segment delivered a strong performance with a profit of DKK 460 million and a combined ratio of 92.3, despite severe weather events like the Copenhagen cloudburst. The life insurance division also posted a satisfactory profit of DKK 137 million. Additionally, the report outlines the company's corporate social responsibility initiatives, focusing on employee well-being, energy optimization, and the implementation of an ethical investment policy.
Company: Alm Brand A/S
Sector: Finance & insurance
Country: Denmark
Year: 2011
Type: AR2
Pages: 160
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Alm Brand A/S
Annual Report
The report details Alm. Brand's financial and operational performance for the fiscal year 2011, highlighting a turbulent year with a consolidated loss of DKK 503 million, largely driven by impairment writedowns in its banking division. Conversely, the non-life insurance segment delivered a strong performance with a profit of DKK 460 million and a combined ratio of 92.3, despite severe weather events like the Copenhagen cloudburst. The life insurance division also posted a satisfactory profit of DKK 137 million. Additionally, the report outlines the company's corporate social responsibility initiatives, focusing on employee well-being, energy optimization, and the implementation of an ethical investment policy.
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Document Details
Report Year
2011
Reporting Period
Jan 1, 2011 - Dec 31, 2011
Fiscal Year
2011
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees