News

Folksam acquires SalusAnsvar from DNB

September 7, 2012

Folksam General has signed an agreement with DNB on acquiring SalusAnsvar AB for around SEK 480 million. “Acquiring SalusAnsvar strengthens our position in the Swedish insurance market,” says Anders Sundström, CEO at Folksam. “SalusAnsvar currently distributes Folksam’s home and vehicle insurance via our subsidiary Svenska Konsumentförsäkringar. By expanding our partnership with salaried employees and academics,....

Interim report, January – June 2012

August 16, 2012

Continued strong growth “By committing ourselves to the things our customers care about, Folksam continues to go from strength to strength,” says Anders Sundström, Group CEO Folksam. All Folksam companies show strong growth while the financial strength continue to increase. Assets under management grew by SEK 23 billion, totalling SEK 308 billion on 30 June.....

Interim report for the first quarter 2012

May 11, 2012

Strong start to the year
“By committing ourselves to the things our customers care about, Folksam continues to go from strength to strength,” says Anders Sundström, Group CEO Folksam. During the first quarter, the total premium volume continued to grow while financial strength improved further. Assets under management grew by SEK 19 billion, totalling SEK 304 billion on 31 March. Total return for the period was 1.2 per cent in Folksam Life and 1.4 per cent in KPA Pension.

Folksam buys one of the world’s most ecosmart buildings

April 27, 2012

Folksam is buying the internationally noted office property Kungsbrohuset from Jernhusen. This property is located in the expanding Västra City district of Stockholm and is one of the most modern buildings in Sweden in terms of both environmental thinking and technical solutions. The total investment is around SEK 2.1 billion and is shared between KPA Pension and Folksam Life.

Folksam – Life Insurance Company of the Year 2011

March 7, 2012

On 5 March, Folksam Liv was named Life Insurance Company of the Year by financial and insurance broker Söderberg & Partners.

Yield report, January–December 2011

February 16, 2012

For the period of January to December 2011, Folksam Life reported a total return of 6.5 per cent and KPA Pension 5.6 per cent. 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. 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.

Folksam begins strategic partnership in Finland

January 27, 2012

Folksam is set to acquire 51% of the shares in insurance provider Aktia Skadeförsäkring after reaching an agreement with Finland-based Aktia ABP. Aktia Skadeförsäkring has a turnover of around €70 million and is primarily active in areas along the Finnish coast. The purchase price for the shares is €24 million. “We are expanding Folksam’s business....

Yield report, January–September 2011

October 25, 2011

Folksam Life Key ratios, January–September 2011 (Comparative figures relate to the corresponding period in the previous year) Total return 2.7 (8.1) per cent Solvency ratio 131 (146) per cent Assets under management SEK 114 (111) billion Collective consolidation ratio 113.1 (117.2) per cent Bonus interest 6.0 (5.0) per cent Bonus interest for KP business area....

Interim report for the first six months of 2011

August 26, 2011

Financial position still strong for Folksam and its subsidiaries –  The strong performance of the business continues,” says President and CEO Anders Sundström. During the first six months of the year, premium volumes increased and we have gained market shares in several areas. –  Our efforts to provide customers with secure and profitable growth are....

Folksam invests in six wind farms

August 17, 2011

Together with FAM – which is wholly owned by Wallenbergstiftelserna – and Proventus, Folksam is to become a partner in the wind power company PWP AB.  The company owns six land-based wind farms with an annual capacity of 0.26 TWh. Folksam’s share of the investment amounts to roughly SEK 200 million.