Alm. Brand AS 2023 AR2
The report highlights Alm. Brand Group's performance in 2023, marking its first year of reporting under the new IFRS 17 standard. The company achieved a significant increase in insurance revenue to DKK 11,784 million, driven by organic growth and the full-year integration of Codan. The insurance service result rose to DKK 1,412 million, despite challenges from a high frequency of motor claims and severe weather events, including windstorms Otto and Pia. Additionally, the company successfully realized DKK 262 million in integration synergies and improved its MSCI ESG rating from BBB to A.
Company: Alm. Brand AS
Sector: Financials
Country: Denmark
Year: 2023
Type: AR2
Pages: 123
Alm. Brand AS
Annual Report
The report highlights Alm. Brand Group's performance in 2023, marking its first year of reporting under the new IFRS 17 standard. The company achieved a significant increase in insurance revenue to DKK 11,784 million, driven by organic growth and the full-year integration of Codan. The insurance service result rose to DKK 1,412 million, despite challenges from a high frequency of motor claims and severe weather events, including windstorms Otto and Pia. Additionally, the company successfully realized DKK 262 million in integration synergies and improved its MSCI ESG rating from BBB to A.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Employees