Alecta distinguishes itself among life insurance companies due to its low costs. At the same time, return for the first nine months of 2006 was 5.1 per cent.
Alecta has reduced the operating expenses for its pension products still further from an already low level. The management expense ratio for the first nine months of 2006 was 0.12. This represents a continued improvement over the level for the first six months of 0.13.
Alecta’s President, Tomas Nicolin, comments: “This means that we have the lowest costs of all our competitors. Our own costs, however, are even lower. Up to now, Collectum’s costs and the costs of the parties’ information resources have been reported through Alecta. Starting next year, this will be financed differently. If we were to deduct these costs today, the management expense ratio would be 0.10. Making this adjustment, savers can more easily compare our costs with those of other life insurance companies.”
Alecta’s total return during 2006 thus far...