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Länsförsäkringar Alliance: Interim Review January-September 2014

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January-September 2014
(Figures in parentheses pertain to the comparative period 2013.)

  • Operating profit for the Alliance´s non-life insurance operations amounted to SEK 3,502 M (2,952).
  • The technical result in the Alliance´s non-life insurance operations amounted to SEK 1,511 M (992). The combined ratio amounted to 94 (97).
  • Investment income in the Alliance amounted to SEK 2,855 M (3,014). Solvency capital strengthened SEK 5,255 M to SEK 44,497 M.
  • Operating profit for the Bank Group amounted to SEK 679 M (472). Net interest income strengthened to SEK 1,882 M (1,652).
  • Operating profit for Länsförsäkringar Fondliv amounted to SEK 261 M (176). Premium income amounted to SEK 6,563 M (7,344). Commission income amounted to SEK 875 M (732).
  • Profit for Länsförsäkringar Liv amounted to SEK 1,277 M (4,719). The solvency ratio was 117% (118).

Länsförsäkringar's earnings from non-life insurance consist of the total of the earnings of the 23 regional insurance companies and of the jointly-owned Länsförsäkringar AB, excluding life assurance and banking.

“The Länsförsäkringar Alliance can report strong earnings after three quarters of the year. Operating profit of SEK 3.5 billion for non-life insurance is an improvement of more than SEK 0.5 billion compared with the year-earlier period. The bank’s market shares are steadily growing amid fierce competition, and the cost/income ratio is moving in the right direction. Growth in managed assets in unitlinked life assurance was also satisfactory. In addition to our favourable earnings and strong growth, we are pleased to see that the Swedish Quality Index announced in October that we once again are the most popular bank among retail customers in Sweden,” says Sten Dunér, President of Länsförsäkringar AB.

See full interim review here: 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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Q3 Q3 2014

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