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Länsförsäkringar AB: Interim report January–March 2015

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(First quarter of 2015 compared with first quarter of 2014)

  • The Group’s operating profit amounted to SEK 487 M (293). The Group’s operating income amounted to SEK 13,455 M (4,580). The return on equity amounted to 9% (6).
  • Operating profit in the non-life insurance operations amounted to SEK 171 M (89). Premiums earned after ceded reinsurance amounted to SEK 1,227 M (1,089).
  • Operating profit for the Bank Group totalled SEK 279 M (197). Net interest income strengthened to SEK 685 M (584).
  • Operating profit for Länsförsäkringar Fondliv amounted to SEK 132 M (77). Premium income amounted to SEK 2,454 M (2,328). Commission income amounted to SEK 343 M (278).
  • Net sales for the Parent Company amounted to SEK 578 M (566).

– The Länsförsäkringar AB Group began 2015 with a very strong quarter in terms of both earnings and growth. All business units reported earnings improvements and operating pro- fit amounted to SEK 487 M, up 66% compared with the yearearlier period. Profit for the total non-life insurance business doubled due to strong earnings in the pet-insurance business and improved investment income. Business volumes rose in the banking operations and growth remained stable. The bank’s net interest income increased despite low interest rates and operating profit and profitability strengthened. Deposits and net savings in funds weakened slightly compared with first quarter of 2014. Insurance capital in unit-linked life assurance continued to grow. A strong stock-market performance and highly valued classes of assets had a positive effect on first-quarter earnings says, Sten Dunér, President 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, vd/president Länsförsäkringar AB, +468-588 411 15, +4673-964 11 15,  sten.duner@lansforsakringar.se

Malin Rylander Leijon, CFO Länsförsäkringar AB, +468-588 408 64, +4673-964 08 64, malin.rylander-leijon@lansforsakringar.se

Fanny Wallér, kommunikationsdirektör/Director of Communication Länsförsäkringar AB, +468-588 414 69, +4670-692 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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Länsförsäkringar

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