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Summary: Lansforsakringar Sak Forsakrings AB (publ) Sep 06
Standard & Poors, September 2006
The ratings on Sweden-based non-life insurer L-nsf-rs-kringar Sak F-rs-krings AB (publ) (LF Sak) reflect its core status within L-nsf-rs-kringsgruppen, known as the L-nsf-rs-kringar 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 is ultimately owned by the 24 regional mutual insurance companies that make up the Alliance. Its immediate holding company is L-nsf-rs-kringar AB (publ) (A-/Stable/--). LF's leadership in the Swedish...
Companies mentioned in this report are: Lansforsakringar Sak Forsakrings AB,Agria Ins. Co. Ltd. (Unsolicited Ratings),Lansforsakringar Bank,Lansforsakringar AB
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Lansforsakringar Sak Forsakrings AB,Agria Ins. Co. Ltd. (Unsolicited Ratings),Lansforsakringar Bank,Lansforsakringar AB