Länsförsäkringar Hypotek: Interim Report January-September 2004

10/26/2004 5:53 AM EST

Summary
· Operating income amounted to SEK 19.2 M (38.7).
· Mortgage lending rose by 53% since September 2003 to SEK 22.0 billion (14.4).
· The market share for lending to private homes and tenant-owned apartments
increased to 2.4% (1.8).
· The number of home mortgage customers amounted to 47,000.
· Capital adequacy was 12.2% (9.9) and the Tier 1 ratio 9.9% (9.4).
· New lending during the first nine months of the year totaled SEK 7.5 billion (7.4).
· Loan losses remain at a low level. Loan recoveries exceeded losses by SEK 1.9 M (2.1).

Figures in parentheses pertain to January - September 2003.

You will find the report at www.lansforsakringar.se/info

For further information, contact:

Bengt Jerning, Managing Director Länsförsäkringar Hypotek +46 8 588 415 81
  +46 73 964 15 81

Christer Baldhagen, Senior Vice President Corporate Communications +46 8 588 415 01
  +46 70 579 70 66


Länsförsäkringar, with 24 independent regional insurance companies and the jointly owned Länsförsäkringar AB, is Sweden's only customer-owned and locally based banking and insurance group. Länsförsäkringar has Sweden's most satisfied customers and is the most competitively priced bank with the most loyal customers according to the Swedish Quality Index. Länsförsäkringar is the "Life Assurance and Non-life Insurance Company of the Year" for the second consecutive year according to the Affärsvärlden business weekly and was named "Bank of the Year 2002" by the Privata Affärer business magazine. Länsförsäkringar offers a broad range of insurance and financial services for companies and private individuals. Länsförsäkringar is the market leader in the Swedish non-life insurance segment, with a market share of 32%. The market share in life and pension assurance is 10.9% and 2.9% in banking. Länsförsäkringar also includes Agria Djurförsäkring (animal insurance). Länsförsäkringar manages assets of SEK 140 billion.