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Home > Company Index > Insurance > Multiline Insurance > Skandia Insurance Company Ltd.

Skandia Insurance Company Ltd.
 PROFILE
Skandia Insurance still sells insurance worldwide, but financial services focusing on long-term savings are becoming its new target. Skandia offers life, health, and property/casualty insurance; banking; and investment management. The firm targets business with such products as commercial, industrial, marine, offshore, and aviation insurance. Operating units include Assurance and Financial Services, Asset Management, Health and Welfare Products, and SkandiaBanken. The company is cutting almost 15% (some 150 jobs) of its US workforce due to decreasing sales.

 COMPETITION
American International Group, Inc. (AIG)
Allianz AG (AZ)
Assicurazioni Generali S.p.A. (G)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 15,994.70
1-Yr. Sales Growth: (16.1)%
Employees: 7,161
Revenue per employee: $2,233,584.69

 KEY PEOPLE
• Lars-Eric Petersson
    CEO
• Ulf Spang
    CFO

 CONTACT INFO
Sveavagen 44
S-103 50 Stockholm, Sweden
Phone: 46-8-788-1000
Fax: 46-8-788-3080
Online: Web Site

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