Rating

Alm. Brand Forsikring A/S and Alm. Brand A/S are rated by the international credit rating agencies: Moody's and Fitch.

Alm. Brand Forsikring A/S operates under the four brands: Alm. Brand, Codan, Privatsikring and Erhvervssikring.

Company Rating Type Fitch Moody's
Alm. Brand Forsikring A/S Insurance Financial Strength Rating A+/Stable A2/Stable
Alm. Brand A/S
Long Term Issuer Default Rating A/Stable Baa1/Stable
Alm. Brand A/S Restricted Tier-1, Issue rating BBB Baa3(hyb)
Alm. Brand A/S Tier-2 Subordinated Notes, Issue rating BBB Baa2(hyb)

The bond issues of Alm. Brand Group follow VP's rules in force at all times.

Tender offer for outstanding tier 2 capital notes
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Latest rating commentary:

Moody's has published Alm. Brand’s A2 rating in august 2025 with 'stable outlook'.
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Fitch has affirmed Alm. Brand’s A+ rating latest in September 2025 with 'stable outlook'.
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Restricted Tier 1 documents


Tier 2 Subordinated Notes documents