Summary: Lansforsakringar AB (publ) Sep 06
- ID: 2024499
- September 2006
- Standard & Poors
The counterparty credit rating on Sweden-based Länsförsäkringar AB (publ) (LF AB) reflects its status as the intermediate holding company for the core operating subsidiaries within Länsförsäkringsgruppen, known as the Länsförsäkringar Alliance (LF or the Alliance). The strong financial strength of the Alliance derives from its leadership in the Swedish non-life market, strong capitalization, and strong underwriting performance. These strengths are offset, however, by LF's concentration on the mature and competitive Swedish non-life sector and potential volatility of earnings resulting from exposure to equities. Positive stand-alone rating factors for LF AB are its diversified income streams, track record of support from owners, and strong debt-servicing ability within the Alliance. These positive factors are offset by the increasing dependence on trends in...
Companies mentioned in this report are:
- Lansforsakringar AB
- Lansforsakringar Sak Forsakrings AB
- Agria Ins. Co. Ltd.
- Lansforsakringar Bank
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