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Länsförsäkringar Alliance: Interim Review January–March 2015

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

  • Operating profit for the Länsförsäkringar Alliance ́s non-life insurance operations amounted to SEK 3,635 M (1,410).
  • The technical result in the Länsförsäkringar Alliance ́s non-life insurance operations amounted to SEK 398 M (524). The combined ratio amounted to 95 (94).
  • Investment income in the Länsförsäkringar Alliance amounted to SEK 3,772 M (1,180).
  • Operating profit for the Bank Group amounted to 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).
  • Profit for Länsförsäkringar Liv amounted to SEK 1,798 M (211). The solvency ratio was 124% (117).

-The Länsförsäkringar Alliance begins 2015 with a strong quarter in terms of both earnings and growth. Profit for the total non-life insurance business increased sharply due to higher investment income and a combined ratio which remains at a stable level. 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 had a positive effect on first-quarter earnings. The Alliance’s total solvency capital strengthened during the quarter by slightly more than SEK 3.8 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, 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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