October sales SEK 9.6 billion

October sales SEK 9.6 billion 1) Sales in October Sales amounted to SEK 9.6 billion, compared with SEK 8.4 billion in September 2001. New sales of unit linked assurance New sales of unit linked assurance increased by 21 per cent in October compared with September. New sales through October were down 21 per cent compared with the same period a year ago. Sales through October Sales amounted to SEK 116.5 billion (174.9). Sales are reported exclusive of paid-in premiums to Skandia Liv, totalling SEK 12.0 billion (10.1), and discretionary management inflows for Skandia Asset Management. Of total sales, SEK 78.8 billion (119.8) pertains to unit linked assurance, SEK 30.1 billion (47.8) to mutual fund savings products 2), and SEK 6.2 billion (6.2) to direct sales of funds. USA In the USA, sales of variable annuities through October totalled USD 3.3 billion (7.4), and sales of mutual funds totalled USD 1.8 billion (3.5). Other markets In the UK, sales totalled GBP 2.3 billion (3.4). In Sweden, SkandiaLink's sales amounted to SEK 8.9 billion (8.9). Sales in New Markets totalled SEK 14.0 billion (13.9). Recalculated to average exchange rates, sales from January through October were favourably affected by currency movements in the amount of SEK 10.7 billion. 11 December 2001, November sales 13 February 2002, Year-end report, 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 August 9.5 0.2 9.7 September 8.1 0.3 8.4 October 9.4 0.2 9.6 Total 110.3 6.2 116.5 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 August 14.6 0.6 15.2 September 14.0 0.6 14.6 October 15.5 1.5 17.0 Subtotal 168.7 6.2 174.9 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 30 31 30 30 30 Oct. Sept. June Dec. Oct. Sept. June SEK EUR Closing 9.58 9.72 9.22 8.86 8.48 8.52 8.41 rate EUR Average 9.26 9.22 9.08 8.45 8.41 8.39 8.39 rate GBP Closing 15.47 15.68 15.31 14.22 14.61 14.16 13.38 rate GBP Average 14.96 14.91 14.69 13.86 13.79 13.71 13.70 rate USD Closing 10.63 10.67 10.89 9.54 10.08 9.68 8.81 rate USD Average 10.40 10.37 10.26 9.17 9.03 8.92 8.73 rate JPY Closing 0.087 0.090 0.087 0.083 0.093 0.090 0.083 rate JPY Average 0.086 0.086 0.085 0.085 0.084 0.083 0.082 rate 1) All comparison figures pertain to the corresponding period a year earlier, unless otherwise indicated. 2) Includes SEK 1.1 billion (0.8) 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/2001/11/13/20011113BIT00400/bit0002.doc http://www.waymaker.net/bitonline/2001/11/13/20011113BIT00400/bit0002.pdf