Sales per December 2002

Sales per December 2002 1) ) Sales in December outside the USA Sales amounted to SEK 6.4 billion (6.4). Exchange rate effects attributable to the strengthening of the Swedish krona were negative in the amount of SEK 0.5 billion. This means that sales in local currency increased by an average of 8%. Sales in November 2002 were SEK 6.0 billion. Total sales in December Total sales including the USA amounted to SEK 9.0 billion (10.8). Exchange rate effects on sales were negative in the amount of SEK 1.1 billion. Total sales in November 2002 were SEK 8.9 billion. New sales of unit linked assurance outside the USA New sales of unit linked assurance for the full-year 2002 decreased by 15% compared with the full-year 2001. Sales for the full-year 2002 Sales outside the USA increased to SEK 75.4 billion (73.0). Of total sales, SEK 54.0 billion (53.5) pertains to unit linked assurance, SEK 17.0 billion (14.0) to mutual fund savings products, and SEK 2.3 billion (3.8) to direct sales of funds. Total sales including the USA amounted to SEK 119.3 billion (133.8). In the UK, sales amounted to SEK 39.1 billion (40.6). Sales in Sweden, through SkandiaLink, amounted to SEK 9.6 billion (10.7). Sales in other markets amounted to SEK 23.9 billion (17.5). Sales are reported exclusive of paid-in premiums to Skandia Liv, totalling SEK 13.8 billion (15.2). Compared with the average exchange rates that applied for the full-year 2001, total sales for the full-year 2002 decreased by approximately 5% as a result of exchange rate movements. Reporting of financial effects On 4 February 2003 Skandia will be providing information on financial effects and the impact these have had on the operating result for 2002. The financial effects have been caused primarily by changes in the financial markets during the period. The Year-End Report for 2002 will be released on 12 February 2003. 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 2002, 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. Total sales per 1999 2000 2001 2002 year, excluding the USA SEK billion 49.6 95.1 73.0 75.4 Sales per month 2002 2002 2001 2001 SEK billion Excluding Total Excluding Total USA USA January 6.3 10.6 6.4 12.6 February 6.0 9.7 5.7 11.7 March 6.7 10.7 7.8 13.6 April 7.3 11.9 7.0 12.9 May 6.6 11.1 6.3 12.4 June 5.6 8.9 6.7 12.4 July 6.7 10.6 5.7 10.6 August 6.0 9.9 5.2 9.6 September 5.8 8.9 4.9 8.3 October 6.0 9.1 5.2 9.5 November 6.0 8.9 5.7 9.4 December 6.4 9.0 6.4 10.8 Total 75.4 119.3 73.0 133.8 Comparison figures for 2001 have been recalculated to take into account the sale of parts of the mutual fund activities in Skandia Asset Management to Den norske Bank. UK pertains to businesses domiciled in the UK and thus also includes Royal Skandia, the branch offices in Finland and Norway, and sales of Critical Illness insurance in Germany. Exchange rates 2002 2002 2002 2001 2001 2001 31 Dec. 30 Nov. 30 Sept. 31 Dec. 30 30 Nov. Sept. SEK EUR Closing 9.14 9.02 9.16 9.33 9.57 9.72 rate EUR Average 9.15 9.15 9.17 9.29 9.29 9.22 rate GBP Closing 14.03 14.11 14.58 15.32 15.24 15.68 rate GBP Average 14.58 14.63 14.71 15.01 14.99 14.91 rate USD Closing 8.71 9.07 9.27 10.58 10.68 10.67 rate USD Average 9.72 9.80 9.94 10.43 10.42 10.37 rate JPY Closing 0.073 0.074 0.076 0.081 0.087 0.090 rate JPY Average 0.078 0.078 0.079 0.086 0.086 0.086 rate 1 All comparison figures pertain to the corresponding period a year earlier, unless otherwise indicated. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/01/16/20030116BIT00130/wkr0001.doc http://www.waymaker.net/bitonline/2003/01/16/20030116BIT00130/wkr0002.pdf