Pressmeddelande -

Notification

Two typing errors have been discovered on page 31 in the Q4 2004 results press release, which was released on 28 February 2005. The correct numbers for Return on equities for Euro Countries for the period to 31 Dec, 2004 is 6.20-6.30% The correct number for Test M in the Sensitivity to changes in other assumptions ‘Effect using actual solvency rate at beginning of period’ for the Value of business in force is -392. Please find the amended page 31 attached. All amendments have been made in the results materials available on our website, www.skandia.com. We regret any inconvenience this may have caused. For further information, please contact: Jan Erik Back, Chief Financial Officer, tel. +46-8-788 3720 ASSUMPTIONS FOR CALCULATING SURPLUS VALUES OF UNIT LINKED BUSINESS IN FORCE Long-term govt. bond rate Return on equities 2004 2003 2004 2003 % 31 Dec. 31 Dec. 31 Dec. 31 Dec. UK 4.54 4.79 6.97 7.24 Sweden 3.97 4.78 6.47 7.28 Euro countries 3,66-3,80 4,28-4,40 6,20-6,30 6,78-6,90 Inflation Discount rate 2004 2003 2004 2003 % 31 Dec. 31 Dec. 31 Dec. 31 Dec. UK 4.00 3.90 7.00 7.30 Sweden 2.80 3.10 6.50 7.30 Euro countries 2,50-3,50 2,50-3,40 6,20-6,30 6,80-6,90 SENSITIVITY ANALYSIS, UNIT LINKED ASSURANCE SEK million Effect on operating result for unit linked assurance (before tax) of a one percentage point increase in interest-rate, growth and inflation assumptions applied in valuing the in-force business Test A Test B Test C Test D Discount Equity Bond Expense Total Exposure1) rate return return inflation effect Value of business in force at 31 Dec. 2004 UK 12,368 -636 +325 +123 -40 -228 Sweden 7,766 -686 +435 -25 -99 -375 Other markets 7,332 -416 +203 -35 -173 -421 Total in force 27,466 -1,738 +963 +63 -312 -1,024 Present value of new business for the year, unit linked UK 662 -157 +192 +72 -15 +92 Sweden 377 -61 +35 -1 -10 -37 Other markets 831 -118 +53 -4 -54 -123 Total new business 1,870 -336 +280 +67 -79 -68 Present value Value of of new business Sensitivity to changes in other assumptions business for the year, Test in force unit linked E One-time effect of a 1% decrease in stock market 2) -120 F One-time effect of a 1% increase in stock market 2) +105 G 10% increase in internal maintenance expenses -514 -116 H 10% increase in internal acquisition costs -174 I 10% increase in surrender assumptions -773 -153 J Increase of 5 b.p. in distribution compensation for funds under management +725 +109 K 10% increase in mortality rates for ages greater than 65 +7 +3 L Impact of using end-of-period assumptions - -38 M Effect using actual solvency rate at beginning of period -392 -34 1) Value of business in force is based on end-of-period assumptions. Present value of new business for the year, unit linked, is based on assumptions at the start of the year. Before deduction of taxes and deferred acquisition costs. 2) The difference in the one-time effect is due to a change in the tax situation for Skandia Life UK.

Ämnen

  • Ekonomi, finans