Alm. Brand has also entered into an agreement to form a long-term strategic partnership with Sydbank, among other things entailing that Sydbank will distribute Alm. Brand's insurance products to its customers.

As part of the agreement, Sydbank and Alm. Brand will jointly invest in developing new and innovative products and creating a unique customer experience. One of the plans envisaged by the two companies is a full digital integration of Alm.

Brand's insurance products with Sydbank's mobile banking services. The agreement is expected to contribute to realising Alm. Brand's growth targets for premium income in Non-life Insurance, and the agreement has been concluded on conditions that are expected over time to honour Alm.

Brand's target of a combined ratio of less than 90. In the mutual partnership, Alm. Brand will also refer its customers to Sydbank.

Overall, the partnership between Sydbank and Alm. Brand is expected to create a unique and strong constellation in the Danish financial sector and strengthen the market position of both partners.