Länsförsäkringar Bank AB, Year-end report 2005

“Given its rapid growth over the past few years, the bank is well prepared to meet the future. The strong growth, coupled with the most satisfied customers in the business, confirm that the long-term strategy we have chosen is correct. We have what it takes to create an even stronger core business, to the benefit of both our customers and of the LF Alliance as a whole. The bank operations shall continue to grow. We have a big inherent potential in our total customer offering, our brand and our customer base, says Tomas Johansson, President and CEO Länsförsäkringar Bank Summary • Operating income before loan losses amounted to SEK 203 M (171). Operating income after loan losses amounted to SEK 154 M (127). • Revenue was up 7% to SEK 1,299 M (1,214) and administration expenses increased by 5% to SEK 1,097 M (1,042). • Net interest income rose by 5% to SEK 873 M (830). • Loan losses remained low, amounting to SEK 49 M (45). • Return on equity before tax was 5.7% (5.9). • Lending to the public increased by 19% to SEK 47 billion (39). Deposits from the public rose 9% to SEK 21 billion (19). • Mortgage lending by the subsidiary Länsförsäkringar Hypotek rose by 30% to SEK 31 billion (24). • In January 2006, Standard & Poor’s adjusted their outlook for the bank from “stable” to “positive,” confirming the favorable trend and strategic significance of the bank’s operations. • For the second consecutive year, the Swedish Quality Index declared it had found Länsförsäkringar’s retail customers to be more satisfied than customers of other banks. • During the year, the yield on all mutual funds was positive. Figures in parentheses pertain to 2004. Read the entire report: www.lansforsakringar.se/reports For further information contact: Tomas Johansson, President and CEO Länsförsäkringar Bank +46 8 588 419 82 +46 73 96 419 82 tomas.g.johansson@lansforsakringar.se Christer Baldhagen, Senior Vice President Corporate Communications Länsförsäkringar AB +46 8 588 415 01 +46 70 579 70 66 christer.baldhagen@lansforsakringar.se

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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