December 19, 2014 6:53 AM ET

Insurance

Company Overview of SPP Livförsäkring AB (publ)

Company Overview

SPP Livförsäkring AB (publ), doing business as SPP Liv AB, offers pension and insurance products in Sweden. The company’s products include occupational pension plans, tick-the-box pension plans, supplementary pensions, and private pensions. It also provides benefit pension plans, as well as related risk covers, such as family pensions, disability pensions, and disability waiver of premium. The company was founded in 1994 and is based in Stockholm, Sweden. SPP Livförsäkring AB (publ) operates as a subsidiary of Storebrand Livsforsikring AS.

Vasagatan 10

Stockholm,  105 39

Sweden

Founded in 1994

Phone:

46 84 51 70 00

Key Executives for SPP Livförsäkring AB (publ)

Chief Executive Officer
Age: 38
Chief Investment Officer
Age: 44
Chief Accounting Officer
Head of Legal Department
Communications Director
Compensation as of Fiscal Year 2014.

SPP Livförsäkring AB (publ) Key Developments

Svea Court of Appeal Rules in Favour of SPP Livförsäkring AB

Svea Court of Appeal has ruled in favour of Storebrand's Swedish subsidiary, SPP Livförsäkring AB, in the dispute against Svenskt Näringsliv. As a customer, Svenskt Näringsliv had filed a lawsuit regarding the interpretation of the insurance contracts in the Defined Benefit (DB) portfolio. SPP Livförsäkring AB announced that Svea Court of Appeal's interpretation of the insurance contracts complies with that of the company and Stockholm City Court. The verdict will not affect the financial position of SPP Livförsäkring AB as the outcome was expected. Svenskt Näringsliv has 4 weeks to decide whether or not to appeal to the Supreme Court.

SPP Announces Earning Results for the Fourth Quarter and Full Year Ended December 31, 2012

SPP announced earning results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported financial result of NOK 90 million against loss of NOK 182 million a year ago. Pre-tax profit was NOK 68 million against pre-tax loss of NOK 103 million a year ago. The income increased by 5% during the quarter due to growth in assets under management. For the year, the company reported financial result of NOK 395 million against loss of NOK 226 million a year ago. Pre-tax profit was NOK 447 million against pre-tax loss of NOK 67 million a year ago. The income increased by 4% during the year due to growth in assets under management.

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