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Alecta has lowest costs in the industry

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,

High return in a changing business environment

Alecta’s total return was 11.5 per cent in the first nine months of 2005.Collective agreement parties the Confederation of Swedish Enterprise and the Federation of Salaried Employees in Industry and Services (PTK) have announced the commencement of new negotiations of the ITP agreement. The criteria are a competitive plan where the individual is given greater influence over the choice of pension provider. Alecta’s President, Tomas Nicolin, comments: “I believe that there are three factors that should prove decisive when individuals make their choice. These are the pension provider’s ability

Continued good return

The occupational pensions company Alecta’s total return for the first half of 2005 was 8.3 per cent. This outperformed the industry average for the same period. At the same time, funding is satisfactory.Alecta achieved a total return of 8.3 per cent for the first half of 2005. During the same period last year the total return was 4.9 per cent. The total return is 1.2 percentage points better than the average for Swedish life insurance companies during the first half of 2005. Favourable investment returns enable Alecta to index the benefits of the ITP Plan. Premiums paid by employers are

Good return and strong finances

Occupational pensions company Alecta’s collective funding ratio, assets in relation to commitments, was 131 per cent at 31 March. Total return for the first quarter of 2005 was 2.5 per cent.Alecta’s collective funding ratio was 131 per cent at the end of the first quarter of the year. This exceeds the 110 – 130 per cent stipulated in Alecta’s funding policy. Alecta’s President Tomas Nicolin comments: “The good return in our investment portfolio means that the company’s financial position has recovered from the stock market falls in 2001 and 2002. In addition to the investment return there

Good return with low risk

Good return with low risk Occupational pensions company Alecta achieved a total return of 6.3 per cent for the first nine months of 2004. This is higher than the average total return for Swedish life insurance companies. At the same time, Alecta continues to focus on improved service to customers. Alecta's total return amounted to 6.3 per cent in the first nine months of 2004. The industry average, according to the Swedish Financial Supervisory Authority, was 5.1 per cent in the same period. Alecta's president, Tomas Nicolin, comments: "In the first nine months of this year we have

Alecta 2002: Satisfactory solvency despite negative total return

Alecta 2002: Satisfactory solvency despite negative total return * Collective solvency reserve on December 31, 2002 amounted to SEK 31.7 billion (2001: 60.8). The collective solvency margin was 113 percent (124) and the solvency ratio was 6.8 (13.1). Due to the considerable downturn in stock markets, a number of actions were taken in October to improve the company's solvency. These actions resulted in an immediate increase of approximately SEK 15 billion in solvency reserve and are expected to make an annual contribution of SEK 5 billion. * Premium income rose 16 percent to SEK 22.2 billion

Measures for improved consolidation Freeze on client-company funds lifted

Measures for improved consolidation Freeze on client-company funds lifted The Board of the occupational pension insurance company Alecta has decided on a number of strong measures to secure Alecta's capability to fulfill its insurance undertakings in the short and long term. As a result of these measures, the temporary freeze on the client- company funds ceases as of November 1, 2002. According to Alecta's consolidation policy, Alecta present takes measures when the solvency margin is below 110 percent of insurance undertakings. The present solvency margin is 105 percent. The measures now

Alecta freezes payment of client-company funds

Alecta freezes payment of client-company funds As a consequence of the general trend of the stock exchange, Alecta has decided, effective as of October 3, to temporarily freeze all use of client-company funds. Payments approved by Alecta through October 2 will be made as scheduled. Additional information will be provided on October 31. During the freeze period, Alecta will not conduct any matching in the marketplace. Nor will Alecta implement any transfers of appropriation rights to allocated funds. For further information, contact: Lars Otterbeck, President, Alecta +46 8 441 66 60 Cecilia

The Alecta Group 2001: Stable solvency and high premium income

The Alecta Group 2001: Stable solvency and high premium income * The collective solvency reserve amounted to SEK 60.8 bn (2000: 71.9) at 31 December 2001. The collective solvency margin remained high at 124 per cent (127). * The loss for the year after tax amounted to SEK 4.4 bn (profit 3.2). This decline in earnings was mainly due to a SEK 20.5 bn decrease in investment return, primarily caused by major falls on the stock markets. * Total return on investments amounted to -1.0 per cent (5.4). The market value of investments at 31 December amounted to SEK 334.2 bn (353.3), a decrease of SEK

Alecta reports continued high solvency

Alecta reports continued high solvency Occupational pension company Alecta's solvency margin was 124 per cent at year-end 2001. Due to increased pension commitments, the solvency margin fell by five percentage points compared with November. In December, Alecta decided to raise pension payments and the value of earned pension for 2002 by three per cent in line with the rise in the CPI, and to provide a bonus which includes lower disability insurance premiums. As a result of these increased pension commitments, Alecta's solvency margin decreased from 129 per cent to a preliminary 124 per cent

Management changes at Alecta

Management changes at Alecta Hans Bergenheim has been recruited as marketing director at occupational pensions company Alecta. He will be a member of senior management and will take up his new position at the beginning of 2002. At the same time, the marketing organisation will be separated from the Insurance business area to form its own business area. Hans Bergenheim is 41 and is currently president of Ikanobanken. His previous employers include PK Finans and Trygg-Hansa. "Even though we are the sole provider of the collectively agreed ITP Plan, we need a clearer customer focus when we

Alecta Group, January-June 2001

Alecta Group, January-June 2001 In the first half of 2001, premium income rose 18 per cent compared with the first half of 2000 and amounted to SEK 7.9 bn (6.7). (Figures in parentheses show the result for first half of 2000 recalculated according to the present group structure). Invoiced premiums increased by 25 per cent to SEK 5.0 bn (4.0) and other reversionary bonus amounted to SEK 2.9 bn (2.7). At 30 June 2001, the market value of investments amounted to SEK 343.4 bn (369.8). At year-end 2000, the market value was SEK 353.3 bn. The decrease in 2001 is mainly due to the negative trend

Alecta simplifies and speeds up payments

Alecta simplifies and speeds up payments Alecta is now introducing a direct payment plan for remaining client company funds. This solution is subject to the condition that the company has negotiated and reached agreement with the trade union about use of the funds. Companies choosing this alternative will have the remaining amount paid out in cash over a maximum period of one year. Alecta has decided to introduce new rules for payment of outstanding client company funds. The remaining client company funds will be paid directly, provided the company has negotiated and reached agreement with

Alecta sells Celexa to Aberdeen Asset Management

Alecta sells Celexa to Aberdeen Asset Management Alectas wholly owned real estate investment management companies Celexa Fastighetskapital AB in Sweden, Celexa Real Estate Investment Management Ltd in Great Britain and Celexa Real Estate Investment Management BV in Holland have been sold to Aberdeen Asset Management PLC, Great Britain. The transaction is expected to be concluded in May 2001. The Celexa companies will continue to manage Alecta's real estate in Sweden, Great Britain, the Netherlands and Germany. The staff of the Celexa companies is around 220 people, of which 177 are in

New head of Investment Management at Alecta

New head of Investment Management at Alecta Staffan Grefbäck, aged 46, has been appointed as the new head of Investment Management at Alecta, formerly Försäkringsbolaget SPP, ömsesidigt. Staffan Grefbäck will take up his new position as President of Alecta Kapitalförvaltning AB on 1 October 2001. Staffan Grefbäck has worked in the present Nordea Group's asset management company since 1987 in a number of leading positions. In 1995- 1998 he was President of Nordbanken's fund company and investment manager. He has been President of Nordea Kapitalförvaltning AB with 130 employees and head of

Alecta to reduce ITP charges

Alecta to reduce ITP charges Alecta, formerly Försäkringsbolaget SPP, ömsesidigt, has decided to reduce ITP charges by approximately 15 percent in order to reduce the continued growth in its surplus funds. "With this decision Alecta is taking a step towards reducing the surplus and simplifying its procedures. As a result of the Swedish Financial Supervisory Authority's partly new application of the rules, we can now reduce these charges to the benefit of our client companies and their employees," says Lars Otterbeck, President of Alecta. For many consecutive years Alecta has created a

Year- End Report 2000

Year- End Report 2000 Premium income increased 6 percent · Premium income of Alecta pensionsförsäkring, ömsesidigt (formerly Försäkringsbolaget SPP, ömsesidigt) increased 6.4 percent, to SEK 16,608 M (1999: 15,615). · The collective reserve increased to SEK 71.9 billion (66.5), and the solvency margin was 127 percent (124). · The expense ratio amounted to 3.4 percent (2.9) and management expense ratio to 0.20 percent (0.19). · As of December 31, 2000, investments had a market value of SEK 353.3 billion (355.0). The total return on investments was 6.2 percent (20.0). Alecta seeks long-term,

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