February sales SEK 12.0 billion
February sales SEK 12.0 billion*) Skandia's sales through February amounted to SEK 25.0 billion (36.5). In addition to sales of SEK 25.0 billion, paid-in premiums to Skandia Liv totalled SEK 2.9 billion (2.2). The continued negative trend and turbulence in the stock markets have had an adverse effect on sales in 2001. Of total sales, SEK 16.4 billion (23.4) pertain to unit linked assurance, SEK 7.1 billion (11.6) to mutual fund savings products, and SEK 1.1 billion (1.1) to direct sales of funds. In the USA, sales of variable annuities amounted to USD 0.8 billion (1.6), and sales of mutual funds totalled USD 0.5 billion (1.1). In the UK, sales amounted to GBP 0.5 billion (0.5), and in Sweden, sales by SkandiaLink totalled SEK 1.7 billion (1.9). Sales in new markets totalled SEK 2.6 billion (3.1). Recalculated to average exchange rates, sales were favourably affected by currency movements in the amount of SEK 1.5 billion. Sales figures for the month of March will be released on 18 April 2001. For further information, please contact: Harry Vos, Head of Investor Relations, tel +46-8-788 3643 Appendix: Sales per month and exchange rates in 2001 and 2000 Sales per month 1) 2001 2000 (SEK billion) January: Insurance and mutual funds 12.3 16.7 Direct sales of funds 0.7 0.7 Total January 13.0 17.4 February: Insurance and mutual funds 11.6 18.7 Direct sales of funds 0.4 0.4 Total February 12.0 19.1 Insurance and mutual funds March 23.9 April 18.5 May 17.4 June 15.3 July 14.1 August 14.6 September 14.0 October 15.5 November 14.9 December 14.0 1) Sales pertain to paid-in premiums and deposits in funds from Skandia's customers. Therefore, sales also include direct sales of funds. The comparison figures for January and February 2000 have been adjusted for direct sales of funds. The other months of 2000 have not yet been recalculated in this respect. Sales per month SEK billion Exchange rates 2001 2001 2000 2000 2000 28 Feb. 31 Jan. 31 Dec. 28 Feb. 31 Jan. SEK EUR Closing rate 9.07 8.85 8.86 8.42 8.58 EUR Average rate 8.93 8.90 8.45 8.55 8.60 GBP Closing rate 14.22 13.89 14.22 13.87 14.21 GBP Average rate 14.08 14.01 13.86 13.87 13.89 USD Closing rate 9.85 9.50 9.54 8.72 8.76 USD Average rate 9.59 9.47 9.17 8.56 8.47 JPY Closing rate 0.085 0.082 0.083 0.079 0.082 JPY Average rate 0.082 0.081 0.085 0.080 0.081 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/09/20010309BIT00020/bit0002.doc http://www.bit.se/bitonline/2001/03/09/20010309BIT00020/bit0002.pdf