Länsförsäkringar Alliance: 2015 Annual Review in summary

Full year 2015 compared with full year 2014.

• Operating profit for the Alliance´s non-life insurance operations amounted to SEK 4,518 M (5,209).
• The technical result in the Alliance´s non-life insurance operations amounted to SEK 2,800 M (2,266). The combined ratio amounted to 91 (93).
• Investment income in the Alliance amounted to SEK 3,742 M (5,041).
• Operating profit for the Bank Group amounted to SEK 1,175 M (935). Net interest income strengthened to SEK 2,994 M (2,580).
• Operating profit for Länsförsäkringar Fondliv amounted to SEK 516 M (373). Premium income amounted to SEK 8,645 M (8,543). Commission income amounted to SEK 1,384 M (1,171).
• Profit for Länsförsäkringar Liv amounted to SEK 5,089 M (1,903). The solvency ratio was 128% (122).

“The Länsförsäkringar Alliance can sum up a successful year of strong earnings and great market successes. Operating profit in non-life insurance amounted to SEK 4.5 billion and the technical result strengthened SEK 0.5 billion year-on-year to SEK 2.8 billion. The combined ratio performed positively due to a lower claims ratio, falling from 93 to 91. The claims ratio declined from 74 to 72. Based on these healthy profits, the regional insurance companies will pay back a total of SEK 952 M in bonuses. In addition to our favourable results and strong growth, we also saw proof that our customers appreciate what we do – according to the Swedish Quality Index, we have the most satisfied customers in both banking and insurance,” says Sten Dunér, President of Länsförsäkringar AB.

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

   
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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