Interim report january 1 - march 31, 2007

 | Source: Invik & Co. AB Invik & Co. AB 

Development during the first quarter of 2007:

* Total revenues amounted to SEK 514.1 million (432.6),
    corresponding to an increase of 19%.
  * Operating income totaled SEK 110.3 million (95.7), corresponding
    to an increase of 15%.
  * Profit after tax amounted to SEK 82.4 million (69.8),
    corresponding to an increase of 18%.
  * Earnings per share amounted to SEK 2.72 (2.64). Earnings per
    share after dilution totaled to SEK 2.64 (2.28).
  * Modern Insurances Non-Life's combined ratio, excluding the
    product insurance operations, improved to 86.3% (92.2%) during
    the quarter.
  * Modern Insurances Life showed continued sales success, and the
    sales value of unit-linked insurance products amounted to more
    than SEK 3 billion for the quarter, which is almost three times
    the corresponding sales value during the first quarter of 2006.
  * Banque Invik's total revenue increased by 27% and the operating
    income improved considerably during the first quarter of 2007,compared with the corresponding period in the preceding year.
  * Combined fund assets in Invik Funds amounted to more than SEK
    18.2 billion at March 31, 2007, an increase of 21% compared with
    year-end 2006.

For further information, please visit www.invik.se or contact:


Anders Fällman, President and CEO +46 (0)8 562 000 20
Mattias Björk, CFO                +46 (0)8 562 000 58


                 __________________________________

Invik is a finance group with a broad product profile focusing on
insurance, banking and fund management. Invik is active in a number
of carefully selected segments in which the Group can create high
growth and build long-term, successful companies, while consistently
focusing on profitability. Group companies are distinguished by their
constant efforts to seek new avenues for growth in profitable niches
in the financial sector.

Invik  is  made  up  of  five  major  financial  operations:   Modern
Insurances Non-life, with its direct insurance operations focusing on
individuals and small companies; Modern Insurances Life, which offers
life, pension and  endowment insurances;  Assuransinvest manages  the
remaining run-off portfolio;  Banque  Invik, a private bank based  in
Luxembourg with operations in  asset management, card operations  and
corporate services and Invik Funds, which pursues fund operations  in
Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock
Exchange Mid Cap under the name INVKB.


The full report with tables and the PDF version of the press
release can be downloaded from the following links:

Attachments

Interim report january 1 - march 31 2007
GlobeNewswire