Strikt konfidentiellt

Sweden

2019-09-01

5

Sweden10 M people

National non-life insurance companies’ net premiums written amounted to SEK 84 billion 2018.

LF market leader Non-life insurance 30,3%Motor 40,2 %Pet-insurance 57%.

Our customers reality /Social Trends

Source: SCB

70

74

78

82

86

90

1960 1970 1980 1990 2000 2010 2016 2020 2030 2040 2050 2060

0

50

100

150

200

1 61

11

62

12

63

13

64

14

65

15

66

16

67

17

68

18

69

19

61

01

106

111

116

121

126

131

136

141

146

151

156

161

166

171

176

1975 1985 201520051995

Source: SCB och Riksbanken

0

2

4

6

8

10

12

1996 2001 2006 2011 2016

Source: Riksbanken

Low interest rate

Household debt grow

%

0

100

200

300

400

1995 2000 2005 2010 2015

Thou

san

ds

Source: Försäkringskassan

Increasing sick leave

Life expectancy increasesYear

Women Men

Prognos

Intern

Climate change

7

The glaciers melts

The oceans are rising

Intensive cloudburst Warmer

More rainfall

Climate Change

Intern

Who can we trust?

8

Strikt konfidentiellt

Länsförsäkringar Alliance - the first company was founded in 1801.

9

The regional insurance companies are where we meet our customers.

We cooperate through Länsförsäkringar AB, which serves as the hub of the Länsförsäkringar Alliance.

9

10

Insurance - the foundation for all societies and provides opportunities for growth and development

Local and mutual is the future!

10

Being customer-owned and localcreates the basis for being

close, provide best service andwork in the long term.

Our customers needs us!

Strikt konfidentiellt

9/1/2019

Ranked number 1 by the Swedish Quality Index in five categories; Non-life Insurance, Motor insurance, Bank, Pension and Real-estate brokerage.

Multi-award-winning mobile app.

Sweden’s most satisfied retail customers and a multi-award-winning app

Non-life insurance trend in SwedenPremium income in EUR billion

Intern

2019-09-01

13

Reinsurance and Specialty AgriaHealth

Business with small market volume

Greenhouse business

Special solutions that demands special non-life competence

New products to meet our customers needs

Agria Breed of dog insurance

Senior-insuranceAgria Breed of cat -

insuranceBo kvar- insurance

– for everyone!

Agria Incident

We insure the whole world!

Boat accident

Saftey for small and medium-sized companies

Länsförsäkringar Alliance and Sak

Cyber insurance Brand and Warranty InsuranceHealthcare

One more opportunity! - Single householdsOf Sweden's more than ten million inhabitants, 4.6 million live in households.A total of 1.8 million of these are “one person”

0

200.000

400.000

600.000

800.000

1.000.000

1.200.000

1.400.000

1.600.000

1.800.000

2.000.000

Singlehouseholds

without children

Single withchildren 0-24

year

Single withchildren 25+

year

Couple withoutchildren

Couple withoutchildren 0-24

year

Otherhouseholds

without children

Otherhouseholds

with children 0-24 year

2017Soure: SCB

Our customers reality /Social Trends

Source: SCB

70

74

78

82

86

90

1960 1970 1980 1990 2000 2010 2016 2020 2030 2040 2050 2060

0

50

100

150

200

1 61

11

62

12

63

13

64

14

65

15

66

16

67

17

68

18

69

19

61

01

106

111

116

121

126

131

136

141

146

151

156

161

166

171

176

1975 1985 201520051995

Source: SCB och Riksbanken

0

2

4

6

8

10

12

1996 2001 2006 2011 2016

Source: Riksbanken

Low interest rate

Household debt grow

%

0

100

200

300

400

1995 2000 2005 2010 2015

Thou

san

ds

Source: Försäkringskassan

Increasing sick leave

Life expectancy increasesYear

Women Men

Prognos

Strikt konfidentiellt

Whatweoffer…

21

Bank

Life

UnitLinked

None-life

Real estate… gives further

opportunities

Intern

Climate change

22

The glaciers melts

The oceans are rising

Intensive cloudburst Warmer

More rainfall

Climate Change

Disasters in the world

Cloudburst Copenhagen, Denmark 3 July 2011

Typhoon Jebi, Japan 26 August 2018

Explosion Tianjin, China 12 August 2015

Hurricane Matthew Haiti, USA 8 October 2016

Catastrophes in Sweden

0

500.000.000

1.000.000.000

1.500.000.000

2.000.000.000

2.500.000.000

3.000.000.000

3.500.000.000

Anato

l

Erw

in / G

udru

n

Ha

nno

/ Per

Win

ter 2

010

Berit

Da

gm

ar

Sim

one

Sve

n

Ivar

Fore

st F

ire 2

014

Sum

mer F

loods

Egon

Gorm

Fore

st F

ire 2

018

1987199319951996 1999 2001 2002 2003200520072010 2011 2012 2013 2014 2015 2016 2018

Winter losses Storm Forest Storm Non-forest Flood / Thunderstorm Forest Fire

3 073 MkrHurricane Gudrun

415 MkrHurricane Per

337 MkrForest Fire 2014

Reinsurance is goodto have!

Reincurance - as central 2019 as in 1936

0 M

2 000 M

4 000 M

6 000 M

8 000 M

10 000 M

12 000 M

14 000 M

10 200 Skadekostnad

Intern

Peril Does the current Cat Reinsurance Program cover 200 year-scenario?

How big is the uncertainty?

Forecasted risk trend from a climatechange perspective

Uncertainty from a climate changeperspective

Storm Small Large

Storm combined withStorm-Flood

Medium Small

Cloudburst Small Small

Flood Medium Small

Forest Fire Medium Medium

Winter losses Medium Small

Dam Burst Large Medium

Landslide Large Small

Hail Large Large

Ice storm Large Medium

”Predicitions are difficult, especially those concerning the future” - Niels Bohr

2018 – one of the hottest summers ever

Torrential rain, heat waves, drought and forest fire = consulation service

!Our focus on

sustainability is more important than ever!

World-class loss prevention

30

Intern

UN asks for our knowledge...about prevention, risk calculation and

actuarial analyzes

Focus on risks and

opportunitiesAssets of the world's insurance companies

should be invested responsibly.

33 trillions dollar.

31

Intern

32

“The world needs your leadership to meet the climate challenge.”– Ban Ki-moon

Intern

UN in 2016 A strategic meeting about

the consequences of climate change

33

2/3of the annual

natural damage in

the world is

uninsured, in

terms of value.

Intern

The insurance companies have never before agreed - but now there is a good platform

34

Inga Beal CEO Lloyds, Ann Sommer CEO

LF Non-Life and Kathy Bardswick CEO

The Cooperators, Canada.

We know loss prevention and risk calculation.

We can make a change!

“Invest in the

Agenda 2030 and

create a better

world for all.”

Intern

Focus on the goals that are most relevant to our industry…

36

…but not at the expense of the other goals

Strikt konfidentiellt

UN, Climate week, New York 2017UN Private Sector Forum and Sustainable Investment Forum, September 2017.

The Forum theme was Financing the 2030 Agenda: Unlocking Prosperity.

High-level plenary at

New York Climate Week´s Sustainable Investment Forum

“Invest in

the Agenda

2030 and

create a

better world

for all.”

– Antonio

Guterres

Strikt konfidentiellt

We have signed 3 UN initiatives:

38

Responsible business Responsible Investment Sustainable Insurance

“Länsförsäkringar Sak is pleased

to become the first Swedish

insurance company to sign the

Principles for Sustainable

Insurance”.December 2016.

40

Tens of billions of people and their animals living

a safe and good life, within the limits of the

earth's resources.

VISION 2050