Alm Brand A/S (ABDBY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.038 call today. If you would like to ask a question during the Q&A session, please press 00:00:05.038 -- 00:00:09.564 star 1 on your telephone keypad. If you would like to withdraw from the queue, please 00:00:09.564 -- 00:00:14.752 press star 2. I will now hand the floor to Rasmus Werner Nielsen, CEO, 00:00:14.752 -- 00:00:17.993 to begin. Please go ahead. 00:00:18.096 -- 00:00:22.342 Thank you. Good morning, and thank you for joining us on our conference call. 00:00:22.342 -- 00:00:27.429 I am Rasmus Werner Nielsen, as usual, I have with me today our CFO, Andreas Ropen 00:00:27.429 -- 00:00:31.744 Madsen, and the head of our IR team, Matt Tinkle. 00:00:31.744 -- 00:00:36.248 This morning, we published our interim report for the second quarter, and as usual, I 00:00:36.248 -- 00:00:39.712 will walk you through the operating highlights, and then Andreas will comment on the 00:00:39.712 -- 00:00:41.654 financials. 00:00:41.654 -- 00:00:44.237 Please turn to slide two. 00:00:44.237 -- 00:00:49.182 I'm pleased with the overall financial performance in the satisfactory Q2, with good 00:00:49.182 -- 00:00:53.967 cost control leading to a significant drop in the expected ratio year-on-year, while 00:00:53.967 -- 00:00:59.865 the underlying loss ratio is strongly improving helped by synergies and price adjustments. 00:00:59.865 -- 00:01:05.693 Our organic growth of about 8% in Q2 is very satisfactory as well. 00:01:05.693 -- 00:01:10.820 We reach an insurance revenue growth of 11% in the personal lines, which 00:01:10.820 -- 00:01:15.987 implies we're taking quite a bit of market share with our strong bank partnerships 00:01:15.987 -- 00:01:20.373 as a driver while price adjustments are kicking in as well. 00:01:20.373 -- 00:01:24.739 Synergi...