Releases - Länsförsäkringar AB

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2003

 

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Länsförsäkringar Fondförvaltning becomes subsidiary of Länsförsäkringar Bank

12/22/2003 4:12 AM EST
Länsförsäkringar Fondförvaltning becomes subsidiary of Länsförsäkringar
Bank

Länsförsäkringar Bank is acquiring Länsförsäkringar Fondförvaltning AB
from Länsförsäkringar AB. Länsförsäkringar Bank is a subsidiary of
Länsförsäkringar AB. The purchase consideration amounts to SEK 115 M.

"There is a natural connection between the banking and fund operations.
Consequently, this...

Independent investigation finds no criticism of Länsförsäkringar

12/19/2003 4:44 AM EST
Summary
The investigation report shows that there is no grounds for criticism
regarding how the internal transactions between the life assurance and
non-life insurance collectives was carried out and that no collective
benefited at the other's expense. The investigating group has no remarks
criticizing the agreement with ABN AMRO, the sale of the unit-linked
life company, cooperation...

Länsförsäkringar Bank raises target levels for capital adequacy

12/18/2003 11:15 AM EST
The Board of Directors of Länsförsäkringar Bank has decided to increase
the target level for capital adequacy as well as to establish a target
level for the tier 1 ratio. The new target levels were set at 10.5
percent for capital adequacy and 8.5 percent for the tier 1 ratio, with
a possible variation of ±0.5 percentage points. Today, the parent
company, Länsförsäkringar AB, provided an...

Länsförsäkringar continues to grow in banking and insurance

11/13/2003 6:05 AM EST
As shown in the quarterly statistics for the third quarter of 2003
released by the Association of Swedish Insurance Companies,
Länsförsäkringar's market share in non-life insurance rose by 1.3
percentage points to 30.3%. The market share in life assurance measured
in new sales rose by 1.4 percentage points to 10.8%. Länsförsäkringar's
banking operations also continue to grow. The market...

Moody's assigns higher and improved credit ratings to Länsförsäkringar AB and Lä...

11/12/2003 7:31 AM EST
Moody's assigns higher and improved credit ratings to
Länsförsäkringar AB and Länsförsäkringar Sak (non-life)

Länsförsäkringar AB has been assigned an A3 rating with a "stable"
outlook by the credit ratings company Moody's. This reflects an
improvement, since Länsförsäkringar AB had formerly been assigned a
"negative" outlook. Moody's has also rated Länsförsäkringar Sak (non-

Länsförsäkringsgruppen: Interim report, January - September 2003

11/3/2003 6:00 AM EST
Summary:

* Continued strong earnings improvements within all three core
businesses - non-life insurance, life assurance and banking.
* The technical result for non-life operations amounted to a
profit of SEK 424 M, compared with the result for full-year 2002, a loss
of SEK 431. Operating income amounted to SEK 794 M.
* The result from life assurance amounted...

Interim Report January - September 2003

11/3/2003 6:00 AM EST
.

Länsförsäkringar AB receives high credit rating, A-, from Standard and Poor's

11/3/2003 5:00 AM EST
Länsförsäkringar AB receives high credit rating, A-, from Standard and
Poor's

Länsförsäkringar AB was rated A- stable by Standard & Poor's. It is the
first time Standard and Poor's has provided a credit rating for
Länsförsäkringar AB. The highest credit rating for non-life insurance
companies in Sweden, A, is held by Länsförsäkringar Sak (Non-life), a
subsidiary of...

Länsförsäkringar Bank: Interim report, January - September 2003

10/24/2003 7:00 AM EST
Summary:
- Operating income before loan losses more than doubled and
amounted to SEK 68.3 M (33.3) and to SEK 34.6 M (14.3) after loan
losses.
- Revenues increased 24% to SEK 587.4 M (472.2).
- Administration costs increased 14% to SEK 522.3 M (457.8).
- Net interest income rose 28%.
- Return on equity amounted to 3.1% (1.9).
- Lending to the general public rose 58% to SEK...

Interim Report January - September 2003

10/24/2003 6:00 AM EST
.

Länsförsäkringar AB

Länsförsäkringar is Sweden’s only customer-owned and locally established banking and insurance group. The customers in each of the counties in the country own their local and independent regional insurance company. The 2...

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