Leadership in the Swedish non-life sector Strong capitalization Strong underwriting performance Concentration of business predominately in the Swedish non-life market Potential volatility of earnings resulting from exposure to equities The ratings on Sweden-based non-life insurer Länsförsäkringar Sak Försäkrings AB (publ) (LF Sak) reflect its core status within Länsförsäkringsgruppen, known as the Länsförsäkringar Alliance (LF or the Alliance). Therefore, the ratings on LF Sak reflect the financial strength characteristics of LF. The Alliance's strong financial strength characteristics derive from its leadership in the Swedish non-life market, strong capitalization, and strong underwriting performance. These strengths are offset, however, by LF's concentration of business predominately in the Swedish non-life market and the potential volatility of earnings resulting from exposure to equities. LF Sak...
Companies mentioned in this report are:
- Lansforsakringar Sak Forsakrings AB
- Agria Ins. Co. Ltd.
- Lansforsakringar Bank
- Lansforsakringar AB
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Research Type: Full Analysis