Länsförsäkringar Alliance: Annual Review in summary 2025

2025 in brief
Figures in parentheses pertain to 2024.

• Profit before tax for the Länsförsäkringar Alliance’s non-life insurance operations amounted to SEK 5,358 M (12,356), with investment income of SEK 6,120 M (13,212). Bonuses to customers amounted to SEK 1,559 M (1,830).
• The technical result for Länsförsäkringar Alliance’s non-life insurance operations increased to SEK 3,368 M (2,741). Premiums earned after ceded reinsurance increased just over 7% to SEK 38,590 M (35,962). The combined ratio was 95.0% (97.7).
• The Länsförsäkringar AB Group’s profit before tax increased to SEK 4,280 M (4,050). Return on equity was 7% (7).
• The Länsförsäkringar AB Group’s non-life insurance operations reported profit before tax of SEK 834 M (527). Premiums earned after ceded reinsurance increased 7% to SEK 10,272 M (9,642). The combined ratio amounted to 92.0% (95.5).
• The Länsförsäkringar Bank Group’s profit before tax amounted to SEK 2,107 M (2,290). Net interest income declined 12% to SEK 5,810 M (6,632). Return on equity amounted to 7.2% (8.1).
• Länsförsäkringar Fondliv’s profit before tax increased to SEK 1,563 M (1,450). Premium income amounted to SEK 29,136 M (29,193). Commission and fee income amounted to SEK 2,213 M (2,248).
• Länsförsäkringar Liv’s profit declined to SEK 3,311 M (7,200).
• S&P Global Ratings raised Länsförsäkringar AB’s and Länsförsäkringar Bank’s ratings to A+, with a stable outlook, in the fourth quarter.

– Länsförsäkringar’s customer promise of simplifying everyday life for our customers and helping create a secure future is the foundation of everything we do. To live up to this promise, we must constantly adapt our operations to external trends, which are currently dominated by geopolitical developments, technological advances and climate change, says Björn Dalemo, President and CEO of Länsförsäkringar AB, the Länsförsäkringar Alliance’s jointly owned company.

– 2025 was marked by growing geopolitical concerns affecting both businesses and households in Sweden. This makes it even more important for Länsförsäkringar to be at the forefront and respond to changes in order to meet customers’ increased focus on security and financial preparedness. With our broad range we offer customers complete solutions with products and services packaged into tailored customer offerings that create security. Our new savings advice system means that offerings can be better tailored to customer savings needs. In addition, we can now offer customers an even more modern and user-friendly savings experience following the acquisition of the digital savings platform SAVR, continues Björn Dalemo.

– A continued high level of ambition in our development activities, in line with technological advances and the rapid development of AI, is vital to Länsförsäkringar’s customer promise. In 2025, several older systems were replaced with modern platforms, such as a new non-life insurance system for commercial and agricultural operations, a new mortgage application platform and a new pension insurance system, continues Björn Dalemo.

– Climate change is a priority sustainability topic for Länsförsäkringar. As a major player in society, we can see how climate-related risks affect people’s everyday lives here and now, the most recent examples being Storms Johannes and Anna, says Björn Dalemo.

– The companies in the federation continue to enjoy strong and stable financial positions, which S&P Global Ratings also confirmed in November by raising Länsförsäkringar AB’s and Länsförsäkringar Bank’s ratings to A+. The Länsförsäkringar Alliance’s non-life insurance operations reported an improved combined ratio of 95%, with healthy premium growth of just over 7%. The banking operations continued to successfully capture market shares in the mortgage market and managed assets in the unit-linked insurance operations reached a new highest level of SEK 293 billion, concludes Björn Dalemo.

Read more https://www.lansforsakringar.se/other-languages/english/about-lansforsakringar/financial-reports/

For further information, please contact:

Björn Dalemo, President and CEO Länsförsäkringar AB,
+46 (0)8 – 588 404 55, +46 (0)76 – 695 41 11

Anna Glennmar, Head of Investor Relations Länsförsäkringar AB,
+46 (0)8 – 588 417 42, +46 (0)72 – 141 44 08

Andreas Modigh, Head of Strategy and Communication Länsförsäkringar AB,
+46 (0)70 – 162 77 47

The Länsförsäkringar Alliance is comprised of 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and life and non-life insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring, total solutions for reliable mortgage transactions through LF Fastighetsförmedling, and financing services such as leasing, instalment payments, and loans through LF Finans.

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