United States

Alm. Brand Q3 pre-tax profit rises; outlook on FY pre-tax profit lifted

Wednesday, 16 Nov 2016 02:32am EST 

Alm. Brand A/S : Q3 total income 1.82 billion Danish crowns ($262.26 million) versus 1.83 billion crowns year ago . Q3 pre-tax profit 334 million crowns versus 220 million crowns year ago . Full-Year guidance is lifted by 200 million crowns to profit of 900-1,000 million crowns; guidance for bank's winding-up activities is revised to expected loss of 25 million crowns .Full-year guidance is profit of 400-500 million crowns at combined ratio of about 92; winding-up activities are seen to report result of zero.