Länsförsäkringar retained highest credit rating in Sweden
Länsförsäkringar retained highest credit rating in Sweden Länsförsäkringar Sak AB retains its A rating with stable outlook from the Standard & Poor's rating institute. This is the highest credit rating of all non-life insurance companies in Sweden. In addition Länsförsäkringar AB retains its A- rating with stable outlook. "These high credit ratings confirm Länsförsäkringar's financial strength, favorable financial earnings and market successes. We will continue to work with increased efficiency, reduced costs and an even better return on investments," says Sten Dunér, Group Controller, Länsförsäkringar AB. Financial strength, strong market position and improved earnings are some of the reasons cited by Standard & Poor's for the high credit rating. Länsförsäkringar AB is the financial hub of the Länsförsäkring Alliance. All of which is aimed at providing the regional companies the conditions for success in their own markets. Operations are conducted through subsidiaries within life assurance, accident, industrial and animal insurance as well as reinsurance, banking and mutual funds. Länsförsäkringar Sak (Non-life) is a wholly owned subsidiary within the Länsförsäkring Alliance, comprising 24 independent, regional insurance companies. Länsförsäkringar Sak conducts, business as well as development and service operations on assignment from the 24 regional insurance companies. Business activities also include the Länsförsäkring Alliance's joint reinsurance solutions. For further information, contact: Sten Dunér +468-588 411 15 Group Controller Länsförsäkringar AB +46 73-964 11 15 sten.duner@lansforsakringar.se Dag Rosander +46 8-588 414 99 Press Officer Länsförsäkringar AB +46 73-964 14 99 dag.rosander@lansforsakringar.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/04/20040804BIT21430/wkr0001.pdf