Länsförsäkringar Alliance: Interim review January - June 2013

  • Operating profit for the Alliance’s non-life insurance operations amounted to SEK 1,471 M (1,128) and solvency capital strengthened SEK 1,542 M to SEK 37,278 M. The technical result amounted to SEK 382 M (631). The combined ratio was 97% for the rolling twelvemonth period and 100% (97) for the first six months. Investment income amounted to SEK 1,842 M (1,244).
  • Operating profit for the Bank Group totalled SEK 297 M (270) and net interest income strengthened to SEK 1,095 M (1,003).
  • Profit for Länsförsäkringar Fondliv amounted to SEK 103 M (61). Premium income amounted to SEK 5,166 M (4,011) and commission income to SEK 472 M (417).
  • Profit for Länsförsäkringar Liv amounted to SEK 3.1 billion (3.1). The solvency ratio was 116% (112) and the total return amounted to a negative 3.7% (pos: 2.0).

All comparative figures pertain to the year-earlier period.

Read the entire the report here http://www.lansforsakringar.se/privat/om_oss/in_english/financial/lansforsakringar-alliance/sidor/default.aspx

The Länsförsäkringar Alliance is neither a legal entity nor, in the legal sense of the term, a Group; it is an alliance between 23 independent regional insurance companies that jointly own Länsförsäkringar AB. Länsförsäkringar's earnings from non-life insurance consist of the total of the earnings of the 23 regional insurance companies and of the jointly-owned Länsförsäkringar AB, excluding life assurance and banking.

       

For further information, please contact:
Sten Dunér, President Länsförsäkringar AB,
+46 8 588 411 15, +46 73 964 11 15, sten.duner@lansforsakringar.se

Malin Rylander Leijon, CFO, Länsförsäkringar AB,
+46 8-588 408 64, +46 73-964 08 64, malin.rylander-leijon@lansforsakringar.se

Fanny Wallér, Director of Communications, Länsförsäkringar AB
+46 8-588 414 69, +46 73-964 77 79, fanny.waller@lansforsakringar.se

The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring and total solutions for reliable mortgage transactions are offered through Länsförsäkringar Fastighetsförmedling.

About Us

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 23 regional bank and insurance companies cooperate in the jointly owned Länsförsäkringar AB, which conducts development and provides services within banking, life assurance, non-life insurance and animal insurance. Länsförsäkringar offers a broad range of insurance and banking services for individuals, companies and farming. All companies within the Länsförsäkringar Alliance are environmentally certified in accordance with ISO 14001.

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