Continued Strong Recovery of Market Positions for Skandia in Sweden, for the Second Quarter in a row

Stockholm, SWEDEN


STOCKHOLM, Sweden, Nov. 16, 2005 (PRIMEZONE) -- Today, 16 November, the Swedish Insurance Federation published the industry's quarterly statistics for the third quarter of 2005. Since these statistics also include information on Skandia's market shares, Skandia is commenting on them here. Market shares

Moving twelve-month basis

Skandia's market position in the life assurance market improved strongly during the third quarter, for the second quarter in a row. Skandia is strengthening its position as the largest player in the Swedish life assurance market with respect to newly written business. Skandia's market share in the life assurance market on a moving twelve-month basis was 20.8% at the end of the third quarter, compared with 19.6% a quarter earlier.

Skandia is also retaining its leading position in the life assurance market with respect to premium income. During the third quarter Skandia's market share was 20.7%, compared with 20.3% a quarter earlier.

For Skandia Unit Linked Assurance, the market share was 18.6% during the third quarter of 2005, compared with 18.1% a quarter earlier. The corresponding market share for Skandia Liv in traditional life assurance was 23.6%, compared with 21.4% a quarter earlier. Skandia's strengthened position is attributable to greater marketing activity and a higher presence in the market. In unit linked assurance, business is developing favourably in the key corporate segment, but also in the private segment.

Skandia Liv strengthened its market position substantially during the third quarter. Several independent analyses of the Swedish life assurance market have been presented during the period. In these, Skandia Liv has been shown to be one of the strongest life companies in the market, thanks in large part to its strong solvency.

Third quarter alone

Skandia's share of the life assurance market on a quarter-by-quarter basis was 28.5% for the third quarter of 2005, compared with 23.3% for the third quarter of 2004. In unit linked assurance, Skandia's market share for the third quarter alone was 21.0%, compared with 18.9% for the same period a year ago. The correspon!ding figures for Skandia Liv were 38.9% and 28.8%, respectively.


                                            Premiums
                    New business            written         Rank M12
                Moving      Quarter-on-      Moving       New    Premiums
               12 months      quarter      12 months    business written
               2005   2005   2005   2004   2005    2005     2005     2005
                 Q3     Q2     Q3     Q3     Q3      Q2       Q3       Q3
 Unit linked
 assurance    18.6%  18.1%  21.0%  18.9%  19.0%   19.4%       #2       #2
 Traditional
 life
 assurance    23.6%  21.4%  38.9%  28.8%  22.1%   21.1%       #1       #1
 Total life
 assurance    20.8%  19.6%  28.5%  23.3%  20.7%   20.3%       #1       #1

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=152191&fn=wkr0001.pdf


        

Contact Data