Skandia: February sales SEK 12.0 billion


SWEDEN, March 9, 2001 (PRIMEZONE) -- Skandia's sales through February amounted to SEK 25.0 billion (36.5). In addition to sales of SEK 25.0 billion, paid-in premiums to Skandia Liv totalled SEK 2.9 billion (2.2).

The continued negative trend and turbulence in the stock markets have had an adverse effect on sales in 2001.

Of total sales, SEK 16.4 billion (23.4) pertain to unit linked assurance, SEK 7.1 billion (11.6) to mutual fund savings products, and SEK 1.1 billion (1.1) to direct sales of funds.

In the USA, sales of variable annuities amounted to USD 0.8 billion (1.6), and sales of mutual funds totalled USD 0.5 billion (1.1).

In the UK, sales amounted to GBP 0.5 billion (0.5), and in Sweden, sales by SkandiaLink totalled SEK 1.7 billion (1.9). Sales in new markets totalled SEK 2.6 billion (3.1).

Recalculated to average exchange rates, sales were favourably affected by currency movements in the amount of SEK 1.5 billion.

Sales figures for the month of March will be released on 18 April 2001.

The tables is available to download from the enclosed link.