Yield report, January–December 2011

Folksam Life

Key ratios, January–December 2011

(Comparative figures relate to the corresponding period in the previous year)

• Total return 2011 6.5 (8.7) per cent

• Total return, average, 5 years (2007–2011): 5.6 (5.1) per cent

• Solvency ratio 134 (159) per cent

• Assets under management SEK 118 (112) billion

• Collective consolidation ratio 115.6 (116.3) per cent

• Bonus interest 4.5 (6.0) per cent

• Bonus interest for Folksam Life 11.0 (11.0) per cent

 

KPA Pensionsförsäkring

Key ratios, January–December 2011

(Comparative figures relate to the corresponding period in the previous year)

• Total return 2011 5.6 (8.2) per cent

• Total return, average, 5 years (2007–2011): 5.8 (5.0) per cent

• Solvency ratio 143 (186) per cent

• Assets under management SEK 77 (69) billion

• Collective consolidation ratio always 100 per cent

• Rate of return 5.5 (8.3) per cent

 

Folksam confirms its financial strength

For a number of years and under various market conditions, we at Folksam have shown that we are able to manage risks and opportunities in asset management in order to achieve good long-term returns for our investors.

During the year, assets under management have grown by a further SEK 17 billion, amounting to SEK 285 billion at the turn of the year. The total return for 2011 is well above average for the industry and, in a five-year comparison, Folksam and KPA both end up at the very top.

“Folksam’s financial strength allow us to give our customers good long-term returns and thus secure pensions,” says Anders Sundström, Group CEO at Folksam.

 

Folksam Life

For the whole of 2011, Folksam Life reported a total return of 6.5 (8.7) per cent. The solvency ratio* was 134 (159) per cent.

At 31 December 2011, the collective consolidation ratio** for defined-contribution policies was 115.6 (116.3) per cent.

 

KPA Pensionsförsäkring

For the whole of 2011, KPA Pensionsförsäkring AB reported a total return of 5.6 (8.2) per cent. The solvency ratio* was 143 (186) per cent.

KPA Pensionsförsäkring uses a rate of return that stood at 5.5 (8.3) per cent at 31 December 2011. Rate of return means that all yield is distributed immediately after each quarter to investors’ accounts. For this reason, the consolidation ratio is always 100 per cent.

 

Among other companies, Folksam consists of Folksam General, Folksam Life and KPA Pension. On the last day of December 2011, the total assets under management amounted to SEK 285 (268) billion.

 

*The solvency ratio shows the company’s assets at fair value in relation to the guaranteed commitments in respect of investors.

**The consolidation ratio shows the company’s assets at fair value in relation to the total commitments, guaranteed and non-guaranteed, in respect of investors.

 

For further information:

Christopher Casselblad, Investor Relations, Folksam, tel. +46 (0)8-772 66 34, +46 (0)722-30 20 80

 

About Folksam

Folksam is a customer-owned company. We offer insurance and pension investments. Almost one in two Swedes is insured with Folksam and we are one of Sweden’s biggest asset managers. Our vision is that people should feel secure in a sustainable world. Read more at www.folksam.se

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