Länsförsäkringar retained highest credit rating in Sweden

8/4/2004 9:13 AM EST

Länsförsäkringar Sak AB retains its A rating with stable outlook from
the Standard & Poor's rating institute. This is the highest credit
rating of all non-life insurance companies in Sweden. In addition
Länsförsäkringar AB retains its A- rating with stable outlook.

"These high credit ratings confirm Länsförsäkringar's financial
strength, favorable financial earnings and market successes. We will
continue to work with increased efficiency, reduced costs and an even
better return on investments," says Sten Dunér, Group Controller,
Länsförsäkringar AB.

Financial strength, strong market position and improved earnings are
some of the reasons cited by Standard & Poor's for the high credit
rating.

Länsförsäkringar AB is the financial hub of the Länsförsäkring Alliance.
All of which is aimed at providing the regional companies the conditions
for success in their own markets. Operations are conducted through
subsidiaries within life assurance, accident, industrial and animal
insurance as well as reinsurance, banking and mutual funds.

Länsförsäkringar Sak (Non-life) is a wholly owned subsidiary within the
Länsförsäkring Alliance, comprising 24 independent, regional insurance
companies. Länsförsäkringar Sak conducts, business as well as
development and service operations on assignment from the 24 regional
insurance companies. Business activities also include the
Länsförsäkring Alliance's joint reinsurance solutions.

For further information, contact:
Sten Dunér +468-588 411 15
Group Controller Länsförsäkringar AB +46 73-964 11 15
 
Dag Rosander +46 8-588 414 99
Press Officer Länsförsäkringar AB +46 73-964 14 99