July sales SEK 11.0 billion

July sales SEK 11.0 billion 1) Total sales in July decreased by 25 per cent, compared with a sales decline of 31 per cent for the period January-June. The lower figure for July 2001 compared with a month earlier is mainly attributable to lower sales of fund products without insurance. New sales through July New sales of unit linked assurance increased outside the USA by 5 per cent compared with the same period a year ago, due to a higher portion of unit linked assurance business with annual premium. New sales, including the USA, decreased to 17 per cent. Sales through July Skandia's sales through July amounted to SEK 88.8 billion (128.1). Sales are reported exclusive of paid-in premiums to Skandia Liv, totalling SEK 8.8 billion (7.0), and discretionary management inflows for Skandia Asset Management. Of total sales, SEK 59.0 billion (87.4) pertain to unit linked assurance, SEK 23.3 billion (36.4) to mutual fund savings products 2) , and SEK 5.5 billion (3.5) to direct sales of funds. USA In the USA, sales of variable annuities through July totalled USD 2.5 billion (5.7), and sales of mutual funds totalled USD 1.4 billion (2.9). Other Markets In the UK, sales totalled GBP 1.8 billion (2.4). In Sweden, SkandiaLink's sales amounted to SEK 6.8 billion (6.6). Sales for New Markets totalled SEK 9.8 billion (10.1). Recalculated to average exchange rates, sales from January through July were favourably affected by currency movements in the amount of SEK 8.8 billion. Sales for the month of August will be presented on 12 September 2001. Sales for the month of September will be presented on 10 October 2001. For further information, please contact: Harry Vos, Head of Investor Relations, tel. +46-8-788 3643 Definitions of sales Sales Sales pertain to paid-in premiums and deposits in funds from Skandia's customers. New sales New sales pertain to single and regular premiums from unit linked contracts entered into in 2001, recalculated to full-year figures. According to industry practice, new sales are defined as regular premiums recalculated to full-year figures plus 1/10 of single premiums during the period. Appendix: Sales per month and exchange rates in 2001 and 2000 Sales per month Insurance and mutual Direct sales of funds Total (SEK billion) funds 2001 January 12.3 0.7 13.0 February 11.6 0.4 12.0 March 13.3 0.4 13.7 April 12.2 0.9 13.1 May 12.0 1.0 13.0 June 11.5 1.5 13.0 July 10,4 0,6 11,0 Total 83.3 5.5 88.8 Sales per month Insurance and mutual Direct sales of funds Total (SEK billion) funds 2000 January 16.7 0.7 17.4 February 18.7 0.4 19.1 March 23.9 0.6 24.5 April 18.5 0.5 19.0 May 17.4 0.4 17.8 June 15.3 0.4 15.7 July 14.1 0.5 14.6 Subtotal 124.6 3.5 128.1 August 14.6 0.6 15.2 September 14.0 0.6 14.6 October 15.5 1.5 17.0 November 14.9 1.6 16.5 December 14.0 1.5 15.5 Total 197.6 9.3 206.9 Exchange 2001 2001 2001 2000 2000 2000 2000 rates 31 30 June 31 31 31 30 31 July Mar. Dec. July July Mar. SEK EUR Closing 9.30 9.22 9.15 8.86 8.48 8.41 8.30 rate EUR Average 9.11 9.08 9.00 8.45 8.39 8.39 8.50 rate GBP Closing 15.15 15.31 14.82 14.22 13.77 13.38 13.82 rate GBP Average 14.76 14.69 14.22 13.86 13.67 13.70 13.82 rate USD Closing 10.63 10.89 10.39 9.54 9.18 8.81 8.67 rate USD Average 10.31 10.26 9.74 9.17 8.76 8.73 8.61 rate JPY Closing 0.085 0.087 0.083 0.083 0.084 0.083 0.082 rate JPY Average 0.085 0.085 0.083 0.085 0.082 0.082 0.080 rate 1) All comparison figures pertain to the corresponding period a year earlier, unless otherwise indicated. 2) Includes SEK 0.7 billion (0.5) in discretionary management in Spain. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/08/20010808BIT00140/bit0001.doc http://www.waymaker.net/bitonline/2001/08/08/20010808BIT00140/bit0001.pdf