Highlights • Highly satisfactory profit of DKK 986 million despite a substantial number of weather-related claims, major claims and the financial crisis • 7% growth in non-life premiums • 28% growth in the bank's loans and advances • Expected profit for 2008 of DKK 870 million Other highlights of 2007 • The consolidated profit equalled an annualised return on equity of 20% before tax. • A new share buyback programme of DKK 600 million, corresponding to a payout ratio of 12, was implemented. • The group was not exposed to the sub-prime market. • Non-life operations reported a satisfactory profit of DKK 647 million. The performance was supported by excellent premium income growth, good performance by the underlying non-life portfolio, a strong investment return and run-off gains. The performance was adversely affected by substantial weather-related claims and an above average number of major claims. Premium growth in non-life operations was 7%, which was highly satisfactory and in line with the group's ambitious strategy for growth, and was achieved without impairing the quality of the portfolio. • The bank posted a satisfactory profit of DKK 196 million. The bank saw an increase in both interest and fee income, partly as a result of accelerated lending activities and partly as a result of mounting activity in the group's markets and asset management activities. The bank's was able to keep its credit policy unchanged despite substantial growth. The bank raised a major syndicated loan in the early summer of 2007, thereby securing long-term funding at favourable prices. • The group's life insurance activities generated a profit of DKK 104 million, equivalent to a return on equity of 11%, against 7% the year before. Shareholders' equity included the full risk premium. Total premium growth on guaranteed and non-guaranteed schemes was almost 7,7 %, in line with the group's growth strategy for the period until 2010. • Consolidated revenue totalled DKK 7.7 billion. Please direct any questions regarding this announcement to Søren Boe Mortensen, Chief Executive, on tel. +45 35 47 47 47. Yours sincerely, Alm. Brand A/S Søren Boe Mortensen Chief Executive The annual report is attached in pdf-format.