If P&C Insurance Ltd. (publ) has successfully signed and closed a hybrid capital issue of EURO 200 million.

If P&C Insurance Ltd. (publ) has successfully signed and closed a hybrid capital issue of EURO 200 million. If expects a combined ratio for the first quarter of 2001 in line with the combined ratio for the full year 2000. If expects its investment returns to be consistent with its investment policy and index returns for the relevant asset classes for the quarter. The investment policy implies a target overall asset allocation of just below 80% in fixed-income investments and just above 20% in equity investments. If releases its first quarter results on May 2, 2001. In order to maintain adequate solvency capital, the owners of If, Skandia and Storebrand, have decided to contribute up to SEK 600 million in contingent capital contribution. For more information, please contact: Media: Helena Dyrssen Tel:+46 8 788 2335 Mobile:+46 70 529 2335 Investor relations: Nils Henriksson Tel: +46 8 788 12 82 Mobile:+46 706 56 12 82 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/02/20010402BIT00190/bit0001.doc http://www.bit.se/bitonline/2001/04/02/20010402BIT00190/bit0002.pdf