Continued rise in market shares for Skandia in Sweden for third consecutive quarter
The Swedish Insurance Federation is today publishing the industry’s quarterly statistics for the fourth quarter of 2005. Since these statistics also include information on Skandia’s market shares, Skandia is commenting on them here. Market shares Moving twelve-month basis Skandia’s market position in the life assurance market continued to improve during the fourth quarter, for the third consecutive quarter. Skandia is strengthening is position as the largest player in the Swedish life assurance market with respect to newly written business. Skandia’s market share in the life assurance market on a moving twelve- month basis was 21.2% as per the end of the fourth quarter, compared with 20.8% a quarter earlier. Skandia has retained its leading position in the life assurance market with respect to written premium. For Skandia Unit Linked Assurance, the market share was 18.7% during the fourth quarter of 2005, compared with 18.6% a quarter earlier. Skandia Liv's corresponding market share in traditional life assurance was 24.5%, compared with 23.5% a quarter earlier. Skandia's stronger position in the market can be credited to stepped-up marketing activities and a greater presence in the market. In unit linked assurance, business is developing favourably in the key corporate segment and very favourably in the private segment. Fourth quarter alone Skandia’s market share in the life assurance market on a quarter-by- quarter basis was 23.7% for the fourth quarter of 2005, compared with 23.4% for the fourth quarter of 2004 In unit linked assurance, Skandia’s market share for the fourth quarter alone was 20.4%, compared with 21.2% during the same period in 2004. The corresponding figures for Skandia Liv were 29.4% and 25.8%, respectively. Rank, moving 12 New business Premiums mos Moving 12 Quarter-on- Moving 12 New Premiums months quarter months business written 2005 2005 2005 2004 2005 2005 2005 2005 Q4 Q3 Q4 Q4 Q4 Q3 Q4 Q4 Unit linked assurance 18.7% 18.6% 20.4% 21.2% 17.3% 19.0% #2 #2 Traditional life assurance 24.5% 23.5% 29.4% 25.8% 21.9% 22.0% #1 #1 Total life assurance 21.2% 20.8% 23.7% 23.4% 19.6% 20.6% #1 #1 For further information, please contact: Gert Engman, Head of Nordic division, tel. +46-8-788 17 81 Bengt-Åke Fagerman, President and CEO, Skandia Liv, tel. +46-8-788 21 50 Harry Vos, Head of Investor Relations, tel. +46-8-788 36 43