STOCKHOLM, Sweden, Nov. 13, 2003 (PRIMEZONE) -- The Swedish Insurance Federation today will be publishing insurance industry statistics for the third quarter of 2003. These statistics also include data about Skandia's sales development for the third quarter in Sweden. In view of Skandia's obligations under the stock exchange listing agreement, Skandia has therefore decided to release information today on sales for the third quarter of 2003.
Consolidated sales 1) for Skandia rose 3% in Swedish kronor and 11% in local currency (see also appended table). Sales of unit linked assurance in local currency rose 7%. New sales of unit linked assurance also rose 7%. In markets outside Sweden, combined sales rose 14% in local currency.
Sales in Sweden (excluding Skandia Liv) amounted to SEK 2.4 billion (2.7) during the third quarter. Sales of unit linked assurance were essentially unchanged, at SEK 1.9 billion (2.0). Savings in mutual fund savings products decreased, however, to SEK 0.5 billion (0.7). New sales of unit linked assurance were unchanged.
Sales for Skandia Liv amounted to SEK 2.8 billion (3.1).
Financial effects through September 2003 will be published on 14 November 2003. Skandia's interim report for the third quarter of 2003 will be released on 24 November 2003.
The sales development pertains to the third quarter of 2003 compared with the corresponding period a year ago.
% SEK Local currency Group 3 11 of which, unit linked assurance -1 7 Sweden (excl. Skandia Liv -9 -9 of which, unit linked assurance -1 -1
1) Does not include Livforsakringsaktiebolaget Skandia, which is run on a mutual basis. All comparison figures pertain to September 2002 unless stated otherwise.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/11/13/20031113BIT00070/wkr0001.doc
http://www.waymaker.net/bitonline/2003/11/13/20031113BIT00070/wkr0002.pdf