Alm Brand A/S (ABDBY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us, and welcome to the Alm Brand first quarter twenty twenty six earnings call. After today's prepared remarks, we will host a question and answer session. I will now hand the conference over to Andreas Ruben Matson, CEO at Alm Brand. Please go ahead. Good morning and thank you for joining us on our conference call. I'm Andreas Rubemason, the CEO of Alm Brand Group since March first this year and as usual I have with me our Head of IR, Matt Tindall. This morning we published our interim report for the first quarter of twenty twenty six and I will now walk you through the presentation of our results. Let's now look at the highlights from my first quarter as CEO. Please turn to slide two for some of the headlines regarding our business in the first month of the year. I'm pleased with the overall financial performance in a very satisfactory Q1 with strong underlying improvement in the claims ratio. Growth in personal lines faded somewhat in Q1 twenty six from a double digit level in Q4 twenty five. This was as expected due to the year on year effects from last year's repricing fading out. Growth of over 6% during Q1 in private lines does however indicate that we are continuing to take market shares in this market. In commercial lines, we experienced a decline in the top line revenue as a result of our efforts to improve profitability and reduce volatility in an increasingly soft market for workers' compensation. Adjusted for the areas we work on in this respect, which is workers' compensation and industrial customers, the commercial portfolio reflected a premium growth of 2% year on year. We succeeded with an improvement in the undiscounted underlying claims ratio in commercial lines of 2.6 percentage points year on year, whil...