Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Denmark
  4. Nasdaq Copenhagen
  5. Alm. Brand A/S
  6. News
  7. Summary
    ALMB   DK0015250344

ALM. BRAND A/S

(ALMB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nordic I&p Advisory Aps entered into a conditional agreement to acquire Forsikringsselskabet Alm. Brand Liv og Pension A/S from Alm. Brand A/S for DKK 1.1 billion.

10/01/2021 EST

Nordic I&p Advisory Aps entered into a conditional agreement to acquire Forsikringsselskabet Alm. Brand Liv og Pension A/S from Alm. Brand A/S (CPSE:ALMB) for DKK 1.1 billion on October 1, 2021. The consideration shall be paid in cash. The sale triggers an accounting gain of close to DKK 565 million before payment of transaction-related costs. In connection with the transaction, Alm. Brand Forsikring has entered into a distribution agreement with Nordic I&P on the sale of pension schemes. The sale of Alm. Brand Liv og Pension will free up capital in Alm. Brand in a total amount of about DKK 900 million. The freed-up capital is expected to be used to reduce the size of the forthcoming rights issue in connection with the acquisition of Codan. Alm. Brand Liv og Pension had total pension assets of DKK 16.9 billion at December 31, 2020 and reported a pre-tax profit of DKK 135 million for the full year. Post completion, Alm. Brand over the transitional period handle a number of tasks in relation to the life insurance company and will receive payment from Nordic I&P for services rendered. Post completion, transitional period handle a number of tasks in relation to the life insurance company and will receive payment from Nordic I&P for services rendered. The transaction is subject to approval by the Danish Financial Supervisory Authority and is expected to be completed as soon as possible after the granting of such approval.


ę S&P Capital IQ 2021
All news about ALM. BRAND A/S
11/19Danish Financial Regulator OKs Alm. Brand's Purchase of Chopin Forsikring
MT
11/19The Danish FSA has today approved Alm. Brand's acquisition of Codan Forsikring A/S' Dan..
AQ
11/19Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
11/17Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
11/11ALM. BRAND A/S : RIGHTS ISSUE: 9 new shares @ 7.55 DKK for 1 existing share
FA
11/08Alm. Brand Launches $1.6 Billion Rights Issue to Partly Fund Codan Deal
MT
11/08Alm. Brand A/S initiates rights issue and publishes prospectus
AQ
11/05Alm. Brand – Report on trading in Alm. Brand A/S shares by executives and their r..
AQ
10/31Alm. Brand A/S completes capital reduction by changing share denomination
AQ
10/28Alm. Brand A/S - Interim report Q3 2021
AQ
More news
Financials
Sales 2021 5 530 M 843 M 843 M
Net income 2021 971 M 148 M 148 M
Net Debt 2021 - - -
P/E ratio 2021 1,84x
Yield 2021 39,1%
Capitalization 1 769 M 268 M 270 M
Capi. / Sales 2021 0,32x
Capi. / Sales 2022 0,31x
Nbr of Employees 1 395
Free-Float 95,4%
Chart ALM. BRAND A/S
Duration : Period :
Alm. Brand A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALM. BRAND A/S
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 11,50 DKK
Average target price 60,00 DKK
Spread / Average Target 422%
EPS Revisions
Managers and Directors
Rasmus Werner Nielsen Chief Executive Officer
Andreas Ruben Madsen Chief Risk & Financial Officer
J°rgen Hesselbjerg Mikkelsen Chairman
Karen Sofie Hansen-Hoeck Independent Director
Ebbe Castella Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALM. BRAND A/S-36.06%268
AMERICAN INTERNATIONAL GROUP, INC.45.14%45 625
THE TRAVELERS COMPANIES8.57%37 492
TOKIO MARINE HOLDINGS, INC.10.10%35 052
THE ALLSTATE CORPORATION2.92%32 435
SAMPO OYJ24.56%26 692