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Länsförsäkringar Alliance: Interim Review January–June 2015

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(Figures in parentheses pertain to January-June 2014)

  • Operating profit for Länsförsäkringar Alliance´s non-life insurance operations amounted to SEK 3,752 M (3,120).
  • The technical result in Länsförsäkringar Alliance´s non-life insurance operations amounted to SEK 1,185 M (1,195). The combined ratio amounted to 92 (92).
  • Investment income in Länsförsäkringar Alliance amounted to SEK 3,135 M (2,567).
  • Operating profit for the Bank Group amounted to SEK 559 M (428). Net interest income strengthened to SEK 1,411 M (1,208).
  • Operating profit for Länsförsäkringar Fondliv amounted to SEK 266 M (171). Premium income amounted to SEK 4,635 M (4,585). Commission income amounted to SEK 697 M (570).
  • Profit for Länsförsäkringar Liv amounted to SEK 3,035 M (790). The solvency ratio was 126 % (122).

“Business volumes and earnings for the Länsförsäkringar Alliance continued to perform in the right direction and despite a weaker stock-market trend and rising long-term interest rates in the second quarter, investment income strengthened year-on-year. We strengthened our leading position in non-life insurance and increased our market share to 30.3%. The bank is growing at high profitability and the earnings trend is positive. In unit-linked life assurance, insurance capital amounted to SEK 8.6 billion, contributing to an earnings improvement of SEK 95 M. The work on advising our customers to change the terms of their insurance to traditional pension insurance (New Trad) is progressing well. We have now reached a volume of 13 billion”, says Sten Dunér, President Länsförsäkringar AB.

Read the full 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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Q2 Q2 2015

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