January – September 2006
“Länsförsäkringar is performing well. The earnings trend remains strong in non-life insurance, life assurance and banking. It is particularly pleasing that the work with refining the fund offering has led to the Länsförsäkringar Alliance now having one of the best offerings in this area. The focus on enhancing efficiency and profitability in recent years has created a substantial position of strength for the future. We are now entering an era of new challenges for Länsförsäkringar”, says Tommy Persson, Managing Director of Länsförsäkringar AB, the Group’s jointly-owned company.
Summary
• Continued strong profitability within non-life insurance operations. The technical result
amounted to SEK 1,873 M (2,055).
• Premium income from life assurance and unit-linked insurance amounted to SEK 7,106 M (3,430). Premiums earned rose by 8% to SEK 7,222 M (6,670). Investment income
amounted to SEK 4,616 M (14,221) M.
• Operating income from bank operations amount to SEK 172 M (150) before loan losses.
Lending to the public rose by 16% to SEK 52 billion (45). Deposits from the public rose
by 14% to SEK 24 billion (21).
• The number of customers in the regional insurance companies at the end of the third
quarter was 3,179,000, an increase of slightly more than 32,000 during the first nine
months of the year.
Figures in parentheses pertain to the corresponding period in 2005.
The Länsförsäkringar Alliance is neither a legal entity nor, in the legal sense of the term, a Group; it is an alliance between 24 independent regional insurance companies that jointly own Länsförsäkringar AB. Länsförsäkringar’s earnings from non-life insurance consist of the sum total of the earnings of the 24 regional insurance companies and of the jointly-owned Länsförsäkringar AB, excluding life assurance and banking.
Read the entire report: www.lansforsakringar.se/reports
For further information contact:
Tommy Persson
Managing Director Länsförsäkringar AB
+46 8 588 400 00
Christer Baldhagen,
Senior Vice President Corporate Communications Länsförsäkringar AB
+46 8 588 415 01, +46 70 579 70 66
christer.baldhagen@lansforsakringar.se