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  • Länsförsäkringar AB
    Tegeluddsvägen 11-13 106 50 Stockholm
    08-588 41850
    http://www.lansforsakringar.se
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    Länsförsäkringar Bank: January-September 2024

    ”The inflation concerns that have impacted the market for most of the year have subsided and been replaced by a focus on growth. In Sweden, inflation has fallen significantly and is now below the Riksbank’s target of 2%, which led to further cuts to the policy rate during the third quarter and clear communication that more rate cuts can be expected. Lower interest rates will hopefully result in an upturn in the economy moving forward. At the same time, geopolitical instability and uncertainty surrounding the US election continued to be felt around the world. In September, the Swedish

    Länsförsäkringar Alliance: Interim Review January-June 2024

    January-June 2024 in brief Figures in parentheses pertain to the same period in 2023. · Profit before tax for the Länsförsäkringar Alliance’s non-life insurance operations increased to SEK 7,492 M (5,509), with investment income of SEK 8,064 M (5,498). · The technical result for the Länsförsäkringar Alliance’s non-life insurance operations declined to SEK 229 M (838). Premiums earned after ceded reinsurance increased 6% to SEK 17,579 M (16,581). The combined ratio amounted to 103.6% (100.9). · The Länsförsäkringar AB Group’s profit before tax increased to SEK 2,649 M (2,020).

    Länsförsäkringar Hypotek: January-June 2024

    ”Länsförsäkringar Hypotek’s mortgage business continued to perform well in the first half of 2024. Despite relatively low activity in the mortgage market, Länsförsäkringar remained successful in the first half of the year and was the bank that reported the highest growth in mortgage lending. With a high level of activity locally, combined with the strength of our brand, we were able to continue to help existing and new customers.Financial market sentiment was predominantly positive in the first half of the year, while we continued to see signs of a recession. The housing market has

    Länsförsäkringar Bank: January-June 2024

    "Sentiment remained positive in financial markets through the first half of the year. Swedish inflation continued to fall, which led to the Riksbank making its first much anticipated interest-rate cut in the second quarter. We also noted that the high level of geopolitical instability and election-related uncertainty in several countries with significant economies continued to impact the operating environment.In light of this uncertain backdrop, we are proud of how we have successfully continued to develop our banking operations. We are clearly advancing our positions both in savings and

    Länsförsäkringar Bank: January-March 2024

    ”The first quarter of the year remained dominated by positive sentiment in the financial markets, at the same time as several underlying economic factors continued to show clear signs of a recession. Inflation in Sweden is continuing to decline and the Riksbank’s monetary policy tightening is expected to start to ease during the year. High geopolitical instability is continuing to affect the world and the outlook for the year.It is reassuring that we are a bank with low risks, diverse business and the strength of our local profile, close to customers and with roots in non-life insurance.

    Länsförsäkringar Alliance: Annual Review and Annual Reports 2023

    Länsförsäkringar Alliance Annual Review and Annual Reports regarding; · Länsförsäkringar AB, · Länsförsäkringar Bank AB and · Länsförsäkringar Hypotek AB for the financial year 2023 are now available in English on Länsförsäkringar's website. Financial reports (lansforsakringar.se)    For further information, please contact: Anna Glennmar, Investor Relations Länsförsäkringar AB anna.glennmar@lansforsakringar.se, +46 (0)8-588 417 42, +46 (0)72-141 44 08

    Länsförsäkringar Bank AB (publ) gives notice of early redemption of floating rate additional tier 1 capital notes with ISIN SE0012453488

    Länsförsäkringar Bank AB (publ) (”LF Bank”) announces that it will carry out an early redemption of all outstanding floating rate additional tier 1 capital notes issued on 10 April 2019 with ISIN SE0012453488 with a current aggregate nominal amount outstanding of SEK 1,000,000,000 (the “Notes”) in accordance with the terms and conditions of the Notes (the “Terms and Conditions”). LF Bank will today, 7 of March 2024, send an irrevocable notice of early redemption to the noteholders of the Notes that the Notes will be redeemed in full by LF Bank (the “Redemption”). The consent from the

    Länsförsäkringar Alliance: Annual Review in summary 2023

    2023 in brief Figures in parentheses pertain to 2022. · Profit before tax for the Länsförsäkringar Alliance’s non-life insurance operations increased to SEK 5,767 M (-4,344), with investment income of SEK 6,791 M (-5,329). Bonuses and discounts to customers amounted to SEK 1,510 M (1,249). · The technical result for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK 2,450 M (3,484). Premiums earned after ceded reinsurance increased 4% to SEK 34,094 M (32,768). The combined ratio amounted to 97.7% (93.4). · The Länsförsäkringar AB Group’s profit before

    Länsförsäkringar Bank: Year-end Report 2023

    ” We can summarise a year in which the final quarter was dominated by positive sentiment in the financial markets, at the same time as numerous underlying factors continued to show clear signs of a recession. Inflation in Sweden is declining and the Riksbank’s fiscal austerity should start to ease moving forward. Meanwhile, GDP has fallen and unemployment has risen slightly, which contributed to continuing uncertainty. Added to this, we have growing geopolitical instability and an ongoing threat to the climate, which means it is easy to understand that households and companies are uncertain

    Länsförsäkringar Hypotek: Year-end Report 2023

    ” Länsförsäkringar Hypotek’s mortgage business continued to perform well in the second half of 2023.Despite low growth in the mortgage market, Länsförsäkringar was highly successful in the second half of the year and was the bank that reported the highest growth in mortgage lending. With a high level of activity locally, combined with the strength of our brand, we were able to continue to help current and new customers and capture market shares.The economic factors in the second half of the year showed far more signs of a recession since GDP started to fall and unemployment has risen

    Länsförsäkringar Bank: January-September 2023

    ”The third quarter remained dominated by a high level of global uncertainty and continuing fiscal austerity by the central banks. Although inflation in Sweden has clearly started to decline and we can now start to see a peak in interest rates, the high interest-rate levels are expected to continue for some time to come. Macroeconomic sentiment was more negative, with GDP starting to fall, unemployment rising slightly and continuing focus on the risks in the commercial property sector.In such a climate, it is reassuring to be a bank with low risks, diversified business and the strength of

    Länsförsäkringar Alliance: Interim review January-June 2023

    January-June 2023 in brief Figures in parentheses pertain to the same period in 2022. · Profit before tax for the Länsförsäkringar Alliance’s non-life insurance operations increased to SEK 5,509 M (-5,814), with investment income of SEK 5,498 M (-8,291). · The technical result for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK 1,018 M (3,122). Premiums earned after ceded reinsurance rose just over 4% to SEK 16,761 M (16,086). The combined ratio amounted to 100.9% (84.2). · The Länsförsäkringar AB Group’s profit before tax increased to SEK 2,020 M (1,

    Länsförsäkringar Bank: January-June 2023

    ”The high level of global uncertainty is continuing and the second quarter was also characterised by high inflation and fiscal austerity by the central banks. The Swedish economy showed good resilience to the Riksbank’s continuing interest-rate hikes in terms of, for example, unemployment and GDP. Although we can start to discern a peak in interest rates, the Riksbank has indicated at least one more hike is to come and there are continuing risks related to the economy and inflation. The risks in the Swedish commercial property sector also became a focal point in the quarter, resulting in a

    Länsförsäkringar Hypotek: January-June 2023

    ”Länsförsäkringar Hypotek’s mortgage business continued to perform well in the first half of 2023.Despite lower growth in the mortgage market, Länsförsäkringar succeeded well in the first half of the year and was one of the banks with the highest lending growth in mortgages. Based on a high level of activity locally combined with the strength of our brand, we could continue to capture market shares against an uncertain global backdrop.The global economic outlook improved slightly during the first half of the year, and both growth and unemployment were surprisingly positive. However,

    Länsförsäkringar Bank: January-March 2023

    “The global economic outlook improved slightly during the first quarter, while the risk of an imminent economic downturn continued. The central banks pursued their efforts to curb inflation and continued to raise interest rates, even though we are probably starting to see rates peak. At the same time, the risks in the banking sector on an international scale became a focal point in the quarter, resulting in a certain level of turmoil in the finance markets. In other worlds, much uncertainty remains in the world. In these uncertain times, it is reassuring to be a bank with low risks and

    Länsförsäkringar Alliance: Annual Review and Annual Reports 2022

    Länsförsäkringar Alliance Annual Review and Annual Reports regarding; · Länsförsäkringar AB, · Länsförsäkringar Bank AB and · Länsförsäkringar Hypotek AB for the financial year 2022 are now available in English on Länsförsäkringar's website. Financial reports (lansforsakringar.se)    For further information, please contact: Anna Glennmar, Investor Relations Länsförsäkringar AB anna.glennmar@lansforsakringar.se, +46 (0)8-588 417 42, +46 (0)72-141 44 08

    Länsförsäkringar Alliance: Annual Review in summary 2022

    2022  in brief Figures in parentheses pertain to the full-year 2021. •       Operating profit for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK -4,426 M (19,742), due to negative investment income of SEK -5,445 M (19,296). Bonuses and discounts to customers amounted to SEK 1,249 M (2,571). •       The technical result for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK 3,518 M (4,144). Premiums earned after ceded reinsurance increased 5% to SEK 32,768 M (31,193). The combined ratio amounted to 93.0% (91.4). •       The

    Länsförsäkringar Bank: Year-end Report 2022

    “Both geopolitical and macroeconomic uncertainty in the world increased markedly in 2022, and we saw significant hikes in key interest rates in a bid to slow inflation. This resulted in a more negative macroeconomic outlook and at times also fuelled greater turmoil in the financial markets. Both our retail and our corporate customers have thus experienced considerable uncertainty concerning the economic outlook, and in many cases have seen costs rise, such as in the form of energy prices, input goods, food prices and interest rates. At Länsförsäkringar, with our local profile close to

    Länsförsäkringar Hypotek: Year-end Report 2022

    "Länsförsäkringar Hypotek’s retail mortgages continued to perform well during the year, reporting healthy volume growth and strong earnings. The year was generally characterised by marked changes in the macro environment with high inflation, rising interest rates and reduced growth prospects. The housing market also started to see a weaker trend with falling prices and lower sales volumes. Retail mortgage customers also started experiencing higher costs and higher mortgage rates. Given our diligent and conservative credit assessments and the consistently high credit quality, customers are

    Länsförsäkringar Bank: January – September 2022

    “Both geopolitical and macroeconomic uncertainty in the world continued in the third quarter, and we saw significant hikes in key interest rates in a bid to slow inflation. Combined, this has created continuing turmoil in the financial markets and negative macroeconomic prospects. Both our retail and corporate customers have thus experienced considerable uncertainty concerning the economic outlook, and in many cases have seen costs rise, such as in the form of energy prices, input goods, food prices and interest rates. For this reason, it is natural for Länsförsäkringar, with our local

    Länsförsäkringar Bank launches green bond framework

    Länsförsäkringar today launches its new green bond framework, which is strong and detailed, and enables issuance of green bonds from Länsförsäkringar Bank and Länsförsäkringar Hypotek (both senior unsecured bonds and covered bonds).The underlying assets for green bonds issued under the framework are loans in the banking group. The framework’s green loan categories intend to reflect the technical screening criteria for substantial contribution stipulated in the EU Taxonomy to the extent possible, and include: mortgage loans to customers with green and energy-efficient buildings (based on the

    The Swedish FSA’s (Finansinspektionens) decision on capital requirements for Länsförsäkringar Bank

    The Swedish Financial Supervisory Authority, SFSA (Finansinspektionen, FI), has finalised and decided upon their supervisory review and evaluation process (SREP) and has decided upon capital requirements and guidance for Länsförsäkringar Bank at group level.SFSA has decided upon a pillar 2 requirement buffer (P2R) of 2.1%, of which 1.2 %-point needs to be covered with CET1 capital, 0.4 %-point needs to be covered with other tier 1 capital and 0.5 %-point could be covered with tier 2 capital. SFSA has also decided upon a pillar 2 guidance buffer (P2G) of 0.0% for the Länsförsäkringar Bank

    Länsförsäkringar Alliance: Interim review January-June 2022

    January-June 2022 in brief Figures in parentheses pertain to the same period in 2021. · Operating profit for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK -5,848 M (9,650), due to negative investment income of SEK -8,343 M (8,797). · The technical result for the Länsförsäkringar Alliance’s non-life insurance operations increased to SEK 3,140 M (1,377). Premiums earned after ceded reinsurance rose 6% to SEK 16,086 M (15,241). The combined ratio improved to 84.1% (94.6). · The Länsförsäkringar AB Group’s operating profit amounted to SEK 1,

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