January sales SEK 13.0 billion
January sales SEK 13.0 billion*) Skandia's sales amounted to SEK 13.0 billion (17.4). Sales correspond to paid-in premiums and deposits in funds from Skandia's customers. Starting in January, sales also include direct sales of funds, which totalled SEK 0.7 billion (0.7). In addition to sales of SEK 13.0 billion, paid-in premiums to Skandia Liv totalled SEK 1.7 billion (1.3). Of total sales, SEK 8.6 billion (11.1) pertain to unit linked assurance and SEK 3.5 billion (5.5) to mutual fund savings products. The trend in the stock market contributed to the sharp rise in sales during the first quarter of 2000, while the stock market trend thereafter had a negative impact on sales. This explains the 50 per cent decrease in sales in the USA compared with the same month a year ago. Sales of variable annuities decreased to USD 0.4 billion (0.7), and sales of mutual funds decreased to USD 0.3 billion (0.6). However, total sales increased by 11 per cent compared with December 2000. Sales of variable annuities were at the same level as in December 2000, while sales of mutual funds increased by 45 per cent. Outside the USA, sales in January rose by 8 per cent. In the UK, sales amounted to GBP 0.3 billion (0.2), an increase of 15 per cent. In Sweden, sales of unit linked assurance rose by 9 per cent, and total sales amounted to SEK 1.0 billion (0.9). Sales in new markets amounted to SEK 1.4 billion (1.5). Skandia's sales successes are continuing in Germany, Japan and Switzerland, while sales in Italy declined following changes in tax legislation. Sales in January, recalculated to average exchange rates, were favourably affected by currency movements in the amount of SEK 0.7 billion. For further information, please contact: Ulf Spång, Chief Financial Offier, tel +46-8-788 2905 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 2001 2000 (SEK billion) January: Insurance and 12.3 16.7 mutual funds Direct sales of 0.7 0.7 funds Total January 13.0 17.4 Insurance and mutual funds February 18.7 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 Sales per month SEK billion Exchange 2001 2000 2000 rates 31 31 31 Jan. Dec. Jan. SEK EUR Closing 8.85 8.86 8.58 rate EUR Average 8.90 8.45 8.60 rate GBP Closing 13.89 14.22 14.21 rate GBP Average 14.01 13.86 13.89 rate USD Closing 9.50 9.54 8.76 rate USD Average 9.47 9.17 8.47 rate JPY Closing 0.082 0.083 0.082 rate JPY Average 0.081 0.085 0.081 rate ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/14/20010213BIT01570/bit0003.doc http://www.bit.se/bitonline/2001/02/14/20010213BIT01570/bit0003.pdf