Releases - Länsförsäkringar AB

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2008

 

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Länsförsäkringar Bank: Interim report January – September 2008

10/27/2008 6:00 AM EST
” I am extremely proud that we once again have Sweden’s most satisfied retail bank customers, which provides strong proof that customers value our products and service above all others. The banking operations are expanding and we are gaining more household financing customers who also have non-life insurance and life assurance products with Länsförsäkringar. The importance of banking transactions as a source of...

Länsförsäkringar Hypotek: Interim report January– September 2008

10/27/2008 6:00 AM EST
”Once again, we have Sweden’s most satisfied retail bank customers according to the Swedish Quality Index (SQI), and this is gratifying since mortgage transactions are so important to our customers. Lending growth remained in line with the most recent quarters and our margins improved, generating a higher return. Our liquidity situation is very strong and our borrowing operations have functioned well. The quality...

Länsförsäkringar Alliance: Interim report January-June 2008

8/26/2008 6:45 AM EST
- The finances of the Länsförsäkringar Alliance are strong. Key figures in all operations are among the best in the industry. The technical result in non-life insurance improved and solvency is at a very high level. The negative investment income in non-life insurance can be compared with an average of nearly SEK 4 billion per year for the past five years. We have one of Sweden’s strongest life-assurance companies....

Länsförsäkringar Bank: Interim report January – June 2008

8/25/2008 5:30 AM EST
“The operations continued to grow in almost all areas. Our first-lien mortgages for agricultural and forestry properties remained highly successful and we are growing in the market. Although declining share prices had a negative impact on net commission, earnings improved as a result of increased volumes. The quality of our credit portfolio remained excellent and liquidity was high. The banking operations are...

Länsförsäkringar Hypotek: Interim report January– June 2008

8/25/2008 5:30 AM EST
“We experienced continued favorable growth and improved our earnings during the period. Our credit
portfolio is of excellent quality and has a favorable geographic spread, with exposure exclusively in
Sweden. Our mortgage operations are also becoming an increasingly important part of the operations
of the Länsförsäkringar Alliance. Our success is based on a strong total offering, efficient customer meetings and...

Länsförsäkringar offers cash services at Forex

5/20/2008 4:00 AM EST
On May 19, Länsförsäkringar signed an agreement with Forex Bank covering cash services. Beginning this autumn, Länsförsäkringar’s bank customers will have the possibility of depositing and withdrawing cash at all Forex bank outlets in Sweden. Customers can also withdraw cash at all ICA supermarkets and in all ATMs nationwide.
“Through this agreement we can continue to offer our customers convenient cash...

Länsförsäkringar Alliance, year-end report 2007:

2/22/2008 5:00 AM EST
- Länsförsäkringar has been a leader in Swedish non-life insurance for many years – in terms of market shares, expertise and customer offering. We continue to hold this position, but after the past year I would be so bold as to say that we are also Sweden’s best life-assurance company, with the best return to our savers of all of Sweden’s pension companies and with finances that have been further strengthened....

Correction: Länsförsäkringar Bank: Year-end report 2007

2/21/2008 6:51 AM EST
The Year-end report 2007 from Länsförsäkringar AB was unfortunately released under the wrong company name. Länsförsäkringar AB Year-end report 2007 should have been Länsförsäkringar Bank Year-end report 2007.
– 2007 was the best year in our history, with the strongest volume growth and earnings to date within all areas. Länsförsäkringar’s focus on service, personal meetings and strong local presence, combined...

Correction: Länsförsäkringar Hypotek: Year-end report 2007

2/21/2008 6:48 AM EST
The Year-end report 2007 from Länsförsäkringar AB was unfortunately released under the wrong company name. Länsförsäkringar AB Year-end report 2007 should have been Länsförsäkringar Hypotek Year-end report 2007
– I am extremely proud of the position that Länsförsäkringar captured in the mortgage market in 2007. We experienced market growth of nearly 7% during the year, which is double the amount of our market...

YEAR - END REPORT 2007

2/21/2008 6:00 AM EST
Summary
• Income before loan losses amounted to SEK 290 (236) M and operating income amounted to SEK 238 M (198), an increase of 20%.
• Revenue was up 8% to SEK 1,106 M (1,023).
• Net interest income rose by 10% to SEK 1,017 M (927).
• Operating expenses increased by 4% to SEK 816 M (787).
• The cost/income ratio declined to 0.74 (0.77).
• Loan losses remained low, amounting to SEK 51 M (38).
• Return on...

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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