Länsförsäkringar AB: Year-End Report 2013

Comparison period of 2012 in brackets.

• The Group’s operating profit amounted to SEK 923 M (819) and equity rose SEK 1,268 M during the period. The return on equity amounted to 5% (5).
• Operating profit in the non-life insurance operations amounted SEK 427 M (486). Premiums earned after ceded reinsurance amounted to SEK 4,121 M (4,022).
• Operating profit for the Bank Group totalled to SEK 647 M (555).
  Net interest income strengthened to SEK 2,230 M (2,071). Profit for Länsförsäkringar Fondliv amounted to SEK 246 M (128). Premium income amounted to SEK 9,473 (8,713). Commission income amounted to SEK 994 M (955).
• Net sales for the Parent Company amounted to SEK 2,503 M (2,462).

“ 2013 was yet another strong year for the Länsförsäkringar AB Group. We see improvements in the performance of all lines of business. The technical result in the non-life insurance business improves by more than 40% and the combined ratio falls to 93%.In our banking operations, business volumes rose SEK 31 billion and profit increased 16%. Managed assets in the unit-linked life assurance company rose SEK 15 billion and, as volumes are rising, our profitability is improving.

During the year, we have conducted a number of successful development projects to create even better tools for our customer meetings. For example, we have continued the successful development of our mobile services. Customer’s demand for leading-edge mobile services is increasing at a rapid pace and in this we are at the very forefront, for which we have also received several accolades,” says Sten Dunér, President of Länsförsäkringar AB.

Read the entire report:
http://www.lansforsakringar.se/privat/om_oss/in_english/financial/lansforsakringar-ab/sidor/default.aspx

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.