DOCSLIB.ORG

We Enable Our Customers to Make the Most of Their Financial Position, Life Situation and Health

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
We Enable Our Customers to Make the Most of Their Financial Position, Life Situation and Health Annual Report 2002 We enable our customers to make the most of their financial position, life situation and health. Content: Key Figures Group page 2 Accounts: Main Events of 2001 page 3 Storebrand ASA page 50 Storebrand at a Glance page 4 Storebrand Group page 52 In the words of the CEO page 8 Cash Flow Analysis page 54 Report of the Board of Directors page 12 Storebrand Livsforsikring Group page 56 Notes to the Accounts - Contents page 57 Storebrand Life Insurance page 20 Audit Report for 2001 page 58 Storebrand Investments page 26 Notes to the Accounts of Storebrand’s Banking Activities page 30 Storebrand ASA page 61 Non-Life Insurance page 36 Notes to the Accounts of the Storebrand Group page 70 Corporate Social Responsibility page 40 N GAAP and US GAAP page 83 Corporate Governance page 42 International Accounting Standard page 84 Shareholder Matters page 46 Storebrand Group Companies page 85 Terms and Expressions page 86 Storebrand´s Executive Management page 88 Addresses page 89 Storebrand Annual Report 2002 page 1 Storebrand made pension and insurance payments of over NOK 5 billion in 2002. This is one of the figures that underline the importance of the group's activities, not just for private individuals and companies but for society as a whole. We help ensure that our customers enjoy a more secure future by meeting their needs for financial predictability and independence. page 2 Key Figures Group Storebrand Annual Report 2002 Key Figures Group NOK million 2002 2001 2000 1999 1998 Operating profit -2 713 -1 837 4 475 5 347 1 888 Group profit -1 701 -1 430 523 1166 603 Total assets 148 551 152 214 156 744 149 647 126 531 Equity capital 8 536 9 617 10 545 10 113 6 421 No. of employees (full time equivalents) 1 337 1 473 1 478 1 636 4 001 Capital ratio (%) 16.0% 12.9% 12.7% 14.0% 13.4% Key figures per share Average number of ordinary shares (000's) 277 715 277 554 277 464 277 209 277 079 Earnings per ordinary share*) -3.73 -4.15 1.67 12.23 1.98 Dividend per ordinary share excl. extraordinary items**) -3.73 -4.15 1.67 3.54 1.98 Dividend per ordinary share (NOK) 1.10 1.00 *) Calculation is based on profit for the year adjusted for the year's legally required post-tax allocations to security reserves etc. for non-life insurance. **) Calculation base for 1999 has been adjusted for capital gain on sale of non-life insurance after tax and extraordinary items. OPERATING PROFIT (NOK million) GROUP PROFIT (NOK million) 5 347 1 166 4 475 603 523 -1 430 -1 701 1 888 -2 713 -1 837 98 99 00 01 02 98 99 00 01 02 TOTAL ASSETS (NOK million) EQUITY (NOK million) 10 545 10 113 9 617 156 744 152 214 149 647 148 551 8 536 126 531 6 421 98 99 00 01 02 98 99 00 01 02 Main Events of 2002 page 3 Main Events of 2002 >> January In parallell with new falls in the equity markets, the Storebrand Bank approves a reorganisation involving group's life insurance company makes major changes to its a reduction in headcount. Finansbanken decides to investment portfolio in order to protect its buffer capital. concentrate its Norwegian activities at its head office This also ensures a very competitive investment return. in Oslo. >> September >> March In response to the results of the major pensions and Storebrand ASA issues an exchangeable bond. The issue savings survey carried out earlier in the year, Storebrand is heavily oversubscribed. The proceeds of the issue are arranges 24 customer seminars around the country used to strengthen Storebrand ASA's liquidity and repay with a particular focus on pension arrangements for outstanding borrowings. employees. >> April >> October Storebrand and MMI carry out a nationwide savings and The Labour Court announces its ruling. The municipali- insurance market research survey. 3 500 Norwegians ties involved are given until 1 July 2003 to bring their reply to questions on their personal finances. pension arrangements in line with the Court's interpre- tation of the main collective employment tariff. In order The most extensive court hearing of a labour market to ensure a competitive marketplace, Storebrand applies dispute ever seen in Norway commences. Proceedings for permission to offer the same product as KLP. are brought against 11 municipalities because they have chosen to transfer their pension schemes from KLP to >> November private companies. Standard & Poor's publishes a ranking of all the mutual funds sold in Norway. Storebrand and Delphi achieve the >> May highest average score of all companies. The Boards of Directors of DnB and Storebrand announce that they have entered into an agreement The Board of Directors of Storebrand ASA approves under which the two companies intend to merge. the issue of a NOK 1.5 billion bond to refinance the company's existing bond that matures in June 2003. >> June Following the decision by DnB on 29 June to cancel the The decision is taken to merge Storebrand Bank and integration agreement, Storebrand’s Board of Directors Finansbanken. The name of the merged bank is to be votes unanimously on 30 June to abandon the merger Storebrand Bank ASA. negotiations. >> December >> July Storebrand establishes an Executive Committee as its Deloitte & Touche is appointed by Storebrand to carry main management body, responsible for the group's out an independent review of the discrepancies that strategic positioning and overall profitability. The owner- DnB claimed to have identified in Storebrand’s accounts. ship interest in If (22.47%) was sold from Storebrand The review concludes that Storebrand’s accounts are in Skadeforsikring AS to Storebrand ASA, in a move to accordance with generally accepted accounting principles. make Storebrand Non-Life a pure run-off company. page 4 Storebrand at a Glance Storebrand Annual Report 2002 Activities Market position Storebrand Group Storebrand is a leading player in the markets Storebrand seeks to create value through for savings and life insurance. We have a strong customer focus, highly motivated strong position in life, pensions and health employees and profitable operations. The insurance as well as in banking services and company's activities combine environmental, asset management. Storebrand has an owner- social and financial targets. Storebrand is an ship interest in non-life insurance through its knowledge-based company, and is committed shareholding in If Skadeförsäkring. to the personal development of its employees through targeted training and other meas- ures. Through satisfied customers and skilled Employees Group 100% employees, Storebrand will provide a satisfac- tory return on the capital employed. Storebrand Storebrand Life Insurance is a leading pen- Storebrand maintained its market position Life Insurance sions and life insurance company, with a 29% in most of its areas of activity in 2002. share of the Norwegian market measured in In addition the company strengthened its terms of customers' funds under manage- position in new areas, including the market ment. The company’s main areas of focus are for public sector pensions and the health pensions, life insurance and health insurance insurance market. products for private individuals, corporate cus- tomers, Norwegian municipalities and inde- pendent public sector entities. Employees Life Insurance 43.9% Storebrand Storebrand Investments manages assets Storebrand increased its market share for Investments totalling NOK 140 billion for pension funds, mutual funds in 2002. Its share of the equity private and public sector institutions, private funds market increased by 1 percentage individuals and the Storebrand group compa- point. Gross inflows from new and existing nies. Storebrand offers discretionary asset institutional customers amounted to almost management services, a wide range of NOK 4 billion, despite a weak market for new Norwegian and international mutual funds investment. 68% of the discretionary port- and investment products with a particular folios outperformed the relevant benchmark focus on socially responsible investment (SRI) indices, while 33 of Storebrand’s 57 mutual for both Norwegian and international cus- funds produced a return before management Employees Investments 9.9% tomers. fees better than their benchmark return. Storebrand Bank Storebrand has until now carried out its bank- It was decided in November 2002 that the ing activities through two separate banks, two banks should be merged. By bringing Storebrand Bank and Finansbanken. together its banking activities into a single Storebrand Bank has been responsible since unit Storebrand will create a stronger and 2000 for the Storebrand group's distribution, more efficient banking operation, with total customer service and marketing of financial assets of approximately NOK 29 billion and products and services to the retail market. some 75 000 customers. Creating a new bank Finansbanken is a specialist bank for high net and ensuring closer collaboration with other worth individuals and selected segments of parts of the Storebrand group will give Employees Bank 35.6% the corporate market. Storebrand a more powerful presence in the Norwegian banking market. Storebrand at a Glance page 5 Key figures (NOK) Ambitions Number of employees:*) 1 361 We are committed to being seen as dependable, Life insurance policyholders' funds 102.5 billion forward-looking, easy to work with and a creator of Other funds under management 37.2 billion new opportunities. These core values form the basis Total assets of the group's banking activities 28.5 billion for Storebrand to enable customers to make the *) Incl. subsidiaries and 36 employees in Storebrand ASA most of their finances, life situation and health. Number of employees 641 Storebrand Life Insurance intends to retain and strengthen Funds under management (including unit linked products) 102.5 billion its position as the market leader for sales of pensions and Group pension schemes2) 7 084 life insurance products to the Norwegian corporate and Employees of companies, public sector entities and other organisations 202 522 retail market.
Load more

Recommended publications
  • Company Descriptions
    STATE-OWNED COMPANIES Company descriptions The following section contains descriptions of companies with state ownership. The Swe- dish Government Offices are responsible for the company descriptions and the assess- ments. The figures are based on data reported to the Government Offices by the compan- ies. In some cases, the information may differ from the company’s annual report due to the application of different accounting principles or different key ratio calculations. DEFINITIONS Return on equity Net profit/loss as a percentage of average shareholders’ equity. Return on total assets Profit/loss after financial items with the reinstatement of financial expen- ses as a percentage of average total assets. Return on capital employed Profit/loss after financial items plus financial expenses as a percen- tage of average capital employed. Return on operating capital Operating profit/loss as a percentage of average operating capital. Net indebtedness Current and long-term interest-bearing liabilities and interest-bearing provi- sions less interest-bearing current assets and fixed assets. Equity/assets ratio Shareholders’ equity including minority as a percentage of the balance sheet total. Average number of employees Recalculated as yearly employees. Dividend For 2001, dividends refer to the proposed dividend. For 2000, dividends refer to the actual dividend paid. Total assets Balance sheet total. Capital employed Balance sheet total less non-interest bearing liabilities. Operating capital Balance sheet total less non-interest bearing liabilities and interest-bearing assets. Industry-specific key ratios Property companies Yield = operating surplus divided by average book value of properties. Finance companies Income/expense ratio including loan losses = total operating income divided by total operating expenses Capital adequacy ratio = capital base divided by risk-weighted amount.
    [Show full text]
  • Skandia Group—Case Study Creating Shared Value in Sweden’S Financial Sector Authors
    Skandia Group—Case Study Creating Shared Value in Sweden’s Financial Sector Authors Mark Kramer, Managing Director and Co-Founder, FSG Senior Fellow, CSR Initiative, Harvard Kennedy School of Government [email protected] Marc Pfitzer, Managing Director, FSG [email protected] Nina Reichert, Associate Director, FSG [email protected] Flynn Lund, Senior Consultant, FSG [email protected] Acknowledgments We are grateful to our partner, Tommy Borglund (Assistant Professor Örebro University; Director CSR), and his team at Hallvars- son and Halvarsson, who provided valuable input, support, and guidance over the course of the project as experts in the Swedish context. This study would not have been possible without the passion and support of Skandia’s Sustainability team, Lena Hök (Head of Sustainability) and Karin Dahlin Thomas (Project Leader, Sustainability), and all of those at Skandia Group who lent us their valuable time for interviews and input, from which many of the insights for this case study were gathered. Finally, we would like to thank Magnus Frostenson, Associate Professor at the Örebro University School of Business, and Sven Helin, Head of School and Associate Professor at Örebro University School of Business, for contributing their expertise to the paper as part of our advisory committee. This report was first published in March, 2016. FSG is a mission-driven consulting firm supporting leaders in creating large-scale, lasting social change.Through strategy, eval- uation, and research we help many types of actors—individually and collectively—make progress against the world’s toughest problems. FSG was co-founded by Professor Michael E.
    [Show full text]
  • If P&C Insurance Holding Ltd (Publ)
    PROSPECTUS DATED 15 MARCH 2021 IF P&C INSURANCE HOLDING LTD (PUBL) (a company incorporated under the laws of Sweden with reg. no. 556241-7559) SEK 1,500,000,000 Floating Rate Dated Subordinated Notes Due June 2051 Issue price:100 per cent. The SEK 1,500,000,000 Floating Rate Dated Subordinated Notes (the "Notes") are issued by If P&C Insurance Holding Ltd (publ) (the "Issuer"). The Notes will bear interest on their principal amount from and including 17 March 2021 (the "Issue Date"), payable quarterly in arrear on 17 June, 17 September, 17 December and 17 March in each year at a rate of interest equal to STIBOR plus the applicable Margin, as more fully described herein. Terms used but not defined in this Prospectus shall have the same meaning as ascribed to them in the Conditions. All payments of interest and principal are conditional upon the Issuer being "Solvent" at the time of payment and immediately thereafter, as further described in "Terms and Conditions of the Notes – Status and Subordination". The Issuer has the right (and, in certain circumstances, is required) to defer the payment of interest in certain circumstances all as further described in "Terms and Conditions of the Notes — Deferral of Payments", and is required to suspend the payment of principal in certain circumstances all as further described in "Terms and Conditions of the Notes — Redemption, Purchase, Substitution and Variation — Issuer suspension of redemption date". The Notes will mature on the Interest Payment Date falling in June 2051 (the "Maturity Date") and the Issuer may, subject to the prior approval of the Issuer Supervisor (as defined in "Terms and Conditions of the Notes"), redeem the Notes at their principal amount together with any accrued interest and Arrears of Interest (as defined in "Terms and Conditions of the Notes") on any date from and including 17 March 2026 to and including 17 June 2026 and on any Interest Payment Date thereafter.
    [Show full text]
  • If P&C Insurance Ltd Annual Report 2018
    ANNUAL REPORT 2018 If P&C Insurance Ltd, 516401-8102 CONTENTS Board of Directors’ Report .............................................................................................3 Five-year summary ........................................................................................................ 5 Income statement ...............................................................................................................6 Statement of comprehensive income ....................................................................... 7 Balance sheet .........................................................................................................................8 Changes in shareholders’ equity ............................................................................... 10 Cash flow statement ........................................................................................................ 11 Notes........................................................................................................................................12 Accounting policies, considerations and assessments ...................................12 Risk and risk management ...................................................................................... 20 Income statement ......................................................................................................34 Balance sheet ................................................................................................................44 Signatures ............................................................................................................................
    [Show full text]
  • Storebrand Provides Security Today and a Future to Look Forward To
    Ved å sette kunden først og investere bærekraftig skal Storebrand være best på sparing til pensjon Storebrand provides Wenche Martinussen jobber kontinuerlig securityfor å gjøre pensjon enkelt today for våre kunder and a future to look forward to AnnualÅrsrapport Report 2015 2016 Årsrapport 2014 Storebrand ASA 1 1 History of Storebrand ”Den almindelige Storebrand’s ownders Brand-Forsikrings- estaablish Norway’s frst Anstalt” is established in privately owned insurance Copenhagen. company “Idun” 1760 1780 1800 1820 1840 1860 1767–1919: ROOTS 1925 1990–1999: CRISIS AND CHANGE Storebrand changes its name from ”Chris- 1767 tiania Almindelige Forsikrings-Aksjeselskap” 1990 ”Den almindelige Brand-Forsikrings- (renamed in 1915) to ”Christiania Almindelige Storebrand and UNI Forsikring agree to Anstalt” is established in Copenhagen. Forsikrings-Aksjeselskap Storebrand”. This merge, and the merger receives ofcial name is kept until 1971. permission in January 1991. 1814 Following the split from Denmark, 1936 1992 management of the fre insurance scheme Storebrand acquires Europeiske, the leading UNI Storebrand’s negotiations with Skandia is transferred to Christiania, as the capital travel insurance company in Norway. concerning establishing a major Nordic of Norway was called at that time. In 1913 company fail to reach agreement. the scheme is converted into a public sector 1962 company called Norges Brannkasse. Storebrand initiates a new wave of acqui- 1996 sitions and mergers by acquiring Norrøna, The company changes its name to 1847 which was experiencing fnancial problems. Storebrand ASA and establishes On 4 May 1847, the P&C insurance company Storebrand Bank ASA. ”Christiania Almindelige Brand- 1963 forsikrings-Selskab for Varer og Efecter” Storebrand acquires Norske Fortuna.
    [Show full text]
  • SKANDIA INTERNATIONAL to BECOME OLD MUTUAL INTERNATIONAL Frequently Asked Questions SKANDIA INTERNATIONAL to BECOME OLD MUTUAL INTERNATIONAL
    SKANDIA INTERNATIONAL TO BECOME OLD MUTUAL INTERNATIONAL Frequently Asked Questions SKANDIA INTERNATIONAL TO BECOME OLD MUTUAL INTERNATIONAL 1. WHAT IS HAPPENING? Skandia International will change its name to Old Mutual International on Monday 22 December 2014.The companies that are part of Skandia International will also change name (see question 3). Skandia International has been an integral part of the Old Mutual Group since 2006 so this change is a logical move to align ourselves more with our parent company. Becoming Old Mutual International will combine the expertise of Skandia International with the strength of Old Mutual under a single brand name. Our new name will be applied across everything that is currently branded with the Skandia International name including our logo, stationery, websites, and certain product and fund names. THERE WILL BE NO CHANGE TO: • the way your account works (your terms and conditions will not be affected and the administration of your account will continue to be dealt with in the same way) • the features of the product in which you are invested • your relationship with your financial adviser nor the relationship your adviser has with us • our phone numbers • the support you receive from AIVA. 2. WHO IS OLD MUTUAL? Old Mutual is an international, FTSE®100 company listed on both the London and Johannesburg stock exchanges. It provides long-term savings products, protection and investments for 16 million customers worldwide. Based in London, it was established in 1845, employs over 55,000 people and oversees $513.9 billion in customer investments (as at 30 June 2014).
    [Show full text]
  • Annual Report 2019
    Sbanken Annual Report 2019 sbanken.no Sbanken Annual Report 2019 Content Important events 4 Key figures 6 Letter from the CEO 8 Sbanken’s history 10 Sbanken’s values 12 Sbanken’s business 15 Norway’s most recommended brand 16 Top innovator – also in 2019 18 Working at Sbanken 20 Corporate social responsibility in Sbanken 22 Data protection and information security 30 Prevention of economic crime and financing of terrorism 31 Macroeconomic development in Norway in 2019 32 The capital market 33 Financial targets 2020–2021 35 Corporate governance 36 Management 44 Board of Directors 46 Board of Directors’ report 50 Annual accounts and notes 61 Alternative performance measures 151 Statement 154 Auditor's report 155 2 3 Sbanken Annual Report 2019 Important events Q1 First quarter Q3 Third quarter • Sbanken is ranked second in the country on the • Sbanken consolidates its position as a funds distributor Norwegian School of Economics’ (NHH) Innovation Index and makes saving cheaper for customers by cutting for 2018. The same index puts the bank in seventh place the price of 400 funds. Under the new price model, the for social innovation in the business, which means that kickback fees the company receives are distributed to customers consider the bank to be among the best in the customers. The goal is to remove incentives for distri- country in terms of innovation and development. butors to recommend some funds over others, without regard for customers’ interests. The initiative received • In partnership with the start-up company Zeipt, Sbanken praise from the Norwegian Consumer Council, and several starts offering solutions for digital delivery and payment other fund providers soon followed suit.
    [Show full text]
  • Investor Presentation Q2 2019
    Investor Presentation Q2 2019 Compelling combination of self-funded savings growth and capital return from maturing guaranteed back-book 1 Important information: This document may contain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may be beyond the Storebrand Group’s control. As a result, the Storebrand Group’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in these forward-looking statements. Important factors that may cause such a difference for the Storebrand Group include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) market related risks such as changes in equity markets, interest rates and exchange rates, and the performance of financial markets generally. The Storebrand Group assumes no responsibility to update any of the forward looking statements contained in this document or any other forward-looking statements it may make. 2 . Delivered on financial targets . Transformed business from guaranteed to non- guaranteed Key Takeaways . Well positioned to capture capital light and profitable savings growth . Back book capital consumption has peaked: increased capital return to shareholders 3 Strategy 4 250 years of pioneering in the Nordic financial industry 1767 1847 1861 1917 1995 2006 Foundation Expanded into Pioneered Pioneered Pioneered First - among the first other P&C Life Insurance Occupational sustainable fully digital Norwegian P&C insurance Pensions investments P&C operation companies delivering fire insurance 5 Storebrand - An Integrated Financial Service Group Insurance .
    [Show full text]
  • Storebrand CMD 2020 Presentation
    On the Right Side of History Leading the way in sustainable value creation ✓Compelling combination of self- funded growth and capital return for shareholders ✓Value beyond return for customers CAPITAL MARKETS DAY December 10, 2020 1 | Important Information This document may contain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may be beyond the Storebrand Group’s control. As a result, the Storebrand Group’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in these forward-looking statements. Important factors that may cause such a difference for the Storebrand Group include, but are not limited to: (i) the macroeconomic development, (ii) change in the competitive climate, (iii) change in the regulatory environment and other government actions and (iv) market related risks such as changes in equity markets, interest rates and exchange rates, and the performance of financial markets generally. The Storebrand Group assumes no responsibility to update any of the forward looking statements contained in this document or any other forward-looking statements it may make. 2 | Agenda Topic Presenter Karin Greve-Isdahl Welcome EVP Communications & Sustainability Odd Arild Grefstad Sustainable Nordic Savings and Insurance Group Group CEO Staffan Hansén Digital Leader in the Swedish Pension Market EVP, CEO SPP Geir Holmgren Market Leader in a Growing and Changing Norwegian Pension Market EVP, CEO Storebrand Livsforsikring AS Jan Erik Saugestad Nordic Powerhouse in Asset Management EVP, CEO Asset Management Heidi Skaaret Accelerating Growth in the Norwegian Retail Market EVP Retail Norway Lars Aa.
    [Show full text]
  • Corporate Social Responsibility at Skandia Sweden with Passion And
    Corporate Social Responsibility at Skandia Sweden with passion and commitment? by Karin Greenberg Master thesis: Management and Leadership, spring 2009 Supervisor: Vedran Omanovic Abstract There is always a story waiting to be told. This is the story about the long and committed work with Corporate Social Responsibility (CSR) at Skandia Sweden. CSR work at Skandia has touched many hearts within the company as well as outside, in other companies, in the Swedish society and in many individuals. Can such a story be forgotten? What were the arguments of yesterday that convinced stakeholders of the necessity to work with CSR and what are the arguments today? The aim of this research is to further the understanding of the mechanisms involved when an organization decides to direct its focus on CSR issues. CSR efforts are carried out on a long- term basis, often in a turbulent business environment. Through interviews and theoretical analysis I have studied events in Skandia’s history of social commitment since 1987. My own background as a former employee, together with the many dedicated employees of today as well as yesterday, comprises the backbone of this work. Since Skandia’s pioneering work in the area of CSR is unique in Sweden, I have chosen to write in English in order to share my findings with a wider readership. Karin Greenberg, August 2009 Illustration 1: Skandia Diversity Policy (2001) 2 Acknowledgements Writing this thesis has been a challenge. Combining it with my work in politics, I backtracked into the history of my employment. CSR was not just another task, but a personal commitment, above and beyond the commitment of the management.
    [Show full text]
  • Annual Report 2020
    Sbanken Annual Report 2020 sbanken.no Sbanken Annual Report 2020 Content Important events 2020 4 Key figures (group) 6 Letter from the CEO 8 Sbanken’s history 10 Sbanken’s values 12 Sbanken’s business 15 Norway’s most recommended brand 16 Best in Norway on digital innovation 18 Corporate social responsibility and sustainability 20 How Sbanken’s ESG work is managed at the overarching level 21 Sbanken’s customers 22 Sbanken’s employees 27 Sbanken and society 30 Owners and social responsibility 34 UN SDGs in Sbanken’s work with ESG 35 Macroeconomic development in Norway in 2020 40 The capital market 41 Financial targets 2021–2023 43 Corporate governance 44 The management of Sbanken ASA 52 Board of Directors 54 Board of Directors’ report 58 Annual accounts and notes 69 Alternative perfomance measures 173 Statement 176 Auditor's report 177 Climate risk reporting based on the recommendations of the Task Force on Climate Related Financial Disclosure (TCFD) 182 Stakeholder engagement for Sbanken 2020 186 GRI Index 2020 188 2 3 Sbanken Annual Report 2020 Important events 2020 Q1 First quarter Q3 Third quarter • Sbanken is ranked first in the industry on the Norwegian • After Sbanken announces the lowest-ever fixed interest School of Economics’ (NHH) Innovation Index for 2019. rate offered to Norwegian customers – 1.39 per cent – as a Sbanken comes in second overall on perceived innovation measure to ensure predictability in a period of uncertainty, and in eighth place on social innovation, which means that the proportion of fixed rate mortgages increases markedly. customers consider the bank to be among the best in the The initiative also enables the bank to offer more Sbanken country in terms of innovation and development.
    [Show full text]
  • Skandia Global Exponering
    Skandia Fonder Halvårsredogörelse 2021 Skandia Global Exponering Skandia Global Exponering är en aktiefond med en bred Förvaltningsarvode 0,25 % per år inriktning och hållbart fokus. Fonden investerar i globala aktier Exempel på ett sparandes nettovärde efter uttag av förvaltningsarvode och fördelade över olika branscher, länder och valutor. Förvaltningen av affärstransaktionskostnader fonden är indexnära och strävar efter att efterbilda avkastningen Insatt belopp Förvaltnings- Nettovärde 2021- kostnad 06-30 på sitt skräddarsydda jämförelseindex, vilket utesluter bolag som Engångsinsättning utvinner eller genererar kraft från fossila bränslen, producerar 2020-07-01 10 000 kr 28 kr 12 712 kr Månadssparande vapen, tobak, cannabis eller kränker internationella normer. I 2020-07-01 - 2021-06-30 12 x 100 kr 2 kr 1 408 kr tillägg premieras bolag som förvaltaren bedömer vara ledande Årlig avgift inom sina branscher på att hantera relevanta hållbarhetsrisker 0,26 % och möjligheter. Ansvarig förvaltare Mattias Kellner (SIM) En placering i den globala aktiemarknaden har historiskt präglats Pensionsmyndigheten Fonden ingår i premiepensionsvalet av en relativt låg risknivå för en placering i aktier tack vare god riskspridning mellan olika länder, branscher och valutor. Därför Genomsnittlig avkastning Period Fonden Index Årsavkastning snitt (2 år) 2019-07-01 - 2021-06-30 14,9 % 14,6 % kan det förväntas att fonden även i fortsättningen kommer att Årsavkastning snitt (5 år) 2016-07-01 - 2021-06-30 14,9 % 15,0 % uppvisa låg risk i jämförelse med andra aktiefonder med Volatilitet snitt (2 år) 2019-07-01 - 2021-06-30 15,5 % 15,6 % Tracking error (2 år) 2019-07-01 - 2021-06-30 0,4 % inriktning på vissa branscher, regioner eller aktier i mindre bolag.
    [Show full text]