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Länsförsäkringar AB: Interim Report January – September 2014

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January-September 2014

(Figures in parentheses pertain to the comparative period 2013.)

  • The Group’s operating profit amounted to SEK 1,277 M (601). The Group’s operating income amounted to SEK 15,640 M (12,533). The return on equity amounted to 8% (5).
  • Operating profit in the non-life insurance operations amounted to SEK 604 M (224). Premiums earned after ceded reinsurance amounted to SEK 3,373 M (3,048).
  • Operating profit for the Bank Group totalled SEK 679 M (472). Net interest income strengthened to SEK 1,882 M (1,652).
  • Operating profit for Länsförsäkringar Fondliv amounted to SEK 261 M (176). Premium income amounted to SEK 6,563 M (7,344). Commission income amounted to SEK 875 M (732).
  • Net sales for the Parent Company amounted to SEK 1,783 M (1,765).

“Länsförsäkringar AB reports very strong earnings after three quarters and we are pleased that the operating profit of SEK 1.3 billion is double compared with the year-earlier period. We see a healthy volume trend in all business areas. The bank’s market shares are steadily growing amid fierce competition. Growth in managed assets in Länsförsäkringar Fondliv (unit-linked life assurance) was also satisfactory and the most positive performances in non-life insurance were noted in Agria (pet insurance) and Business Area Health. In addition to our favourable earnings and strong growth, we are pleased to see that the Swedish Quality Index announced in October that we once again are the most popular bank among retail customers in Sweden,” says Sten Dunér, President of Länsförsäkringar AB.

Read the full report: http://www.lansforsakringar.se/stockholm/om-oss/in-english/financial-reports/lansforsakringar-ab/

For further information, please contact:

Sten Dunér, President Länsförsäkringar AB,
+46 8-588 411 15, +46-73 964 11 15, sten.duner@lansforsakringar.se

Malin Rylander Leijon, CFO, Länsförsäkringar AB,
+46 8-588 408 64, +46 73-964 08 64, malin.rylander-leijon@lansforsakringar.se

Fanny Wallér, Director of Communications, Länsförsäkringar AB
+46 8-588 414 69, +46 70-692 77 79, fanny.waller@lansforsakringar.se

The Länsförsäkringar Alliance comprises 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring and total solutions for reliable mortgage transactions are offered through Länsförsäkringar Fastighetsförmedling.

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