Länsförsäkringar Hypotek

About Länsförsäkringar Hypotek

One of Sweden’s largest mortgage institutions

Länsförsäkringar Hypotek is one of Sweden's largest mortgage institutions. The strategy is based on the Länsförsäkringar Alliance's large customer base, a strong brand and local presence through the customer-owned regional insurance companies.

Mortgages are primarily offered to the slightly more than 3.9 million customers of the Länsförsäkringar Alliance. Customer contact takes place during personal meetings at 128 of the regional insurance companies' branches throughout Sweden and via digital services and telephone.

The aim is, based on low risk, to continue to have growth in volumes and profitability, have the most satisfied customers and increase the share of customers who have both banking and insurance with Länsförsäkringar.


Länsförsäkringar Hypotek AB (publ)
Street address: Tegeluddsvägen 11-13
Postal address: SE-106 50 Stockholm
Telephone: +46 8 588 400 00

Anders Borgcrantz
President, Länsförsäkringar Hypotek AB
+46 8 588 412 51
+46 73 96 412 51

Martin Rydin
CFO, Länsförsäkringar Hypotek AB
+46 8 588 412 79
+46 73 964 28 23

Stefan Karkamanis
Investor Relations Länsförsäkringar Bank AB
+46 8 588 402 90
+46 72 310 00 80

Financial Information

January - June 2019

The period in brief, Group

  • Operating profit increased 9% to SEK 587.8 M (541.7) and the return on equity amounted to 7.9% (7.9).
  • Net interest income rose 6% to SEK 1,270 M (1,198).
  • Credit losses amounted to SEK –0.5 M (–0.8), net, corresponding to a credit loss level of –0.00% (–0.00).
  • Lending increased 11% to SEK 232.6 billion (210.4).
  • The Common Equity Tier 1 capital ratio amounted to 17.8% (18.1*) on 30 June 2019.
  • According to Statistics Sweden (SCB), Länsförsäkringar Hypotek was by the end of May, the player on the mortgage market that had captured the largest share of market growth since the start of the year.

    Figures in parentheses pertain to the same period in 2018.
    * Pertains to 31 March 2019.

Read the full report from Länsförsäkringar Hypotek

Financial calendar
Date Report
February 7 Year-end report 2018

March 27

Annual report 2018

April 26

Interim report, January – March 2019
July 18                Interim report, January – June 2019
October 24       Interim report, January – September 2019

Five Year Financial Summary

Financial Reports Archive

Current Rating – Covered Bonds

Long Term Credit Rating

  • Standard & Poor's: AAA/Stable
  • Moody's: Aaa

Historical Ratings

2007 May Länsförsäkringar Hypotek's covered bonds graded Aaa from Moody's.

2007 June Länsförsäkringar Hypotek's covered bonds graded AAA long-term and A-1 + short-term from Standard & Poor's.


EMTN Prospectuses


EMTN Prospectuses


In nominal values and excluding repurchase agreements, as of June 30, 2019.

Funding programmes
  Limit Nom Outstanding Nom Remaining average term
Benchmark Unlimited SEK 124.5 billion 3.7 years
Medium Term Covered Note SEK 30 billion SEK 7.6 billion 5.9 years
Euro Medium Term Covered Note EUR 5 billion SEK 39.5 billion 4.0 years
Total   SEK 171.6 billion 3.8 years 

Risks and Capital Adequacy

Länsförsäkringar Hypotek applies the Internal Ratings Based (IRB) approach. The Foundation IRB Approach is applied to household risk exposure and for counterparty exposures to corporates and the agricultural sector up to SEK 5 M.

The Foundation IRB Approach is applied for counterparty exposures to corporates and the agricultural sector above SEK 5 M. The Standardised Approach is applied to other exposures.

As of June 30, 2019

  • Core Tier 1 and Tier 1 capital amounted to SEK 11,713 M
  • Core Tier 1 and Tier 1 ratio was 17.8%
  • Capital base amounted to SEK 12,374 M
  • The total capital ratio 18.8%

Cover Pool

Collateral comprises only private homes, including single-family homes, tenant-owned apartments and, to a marginal extent vacation homes. Lending only takes place in Sweden and the geographic distribution in Sweden is well-allocated. All lending is in SEK and all foreign currency is swapped to SEK.

Länsförsäkringar Hypotek gives information in accordance with the ECBC "The Covered Bond Label", a common standard for increased transparency in the European covered bond market.

View the full Cover Pool

Read more about The Covered Bond Label

Corporate Governance

Board of Directors

  • Sven Eggefalk Chairman, born 1969. Board member since 2018. 
  • Gert Andersson born 1959, Head of Product & Process. Board member since 2014.
  • Christian Bille born 1962, President of Länsförsäkringar Halland and board member since 2010. Other Board appointments: Board member of Länsförsäkringar Bank AB and Länsförsäkringar Halland.
  • Bengt Clemedtson born 1964, Head of Business at Länsförsäkringar Bank AB and Board member since 2009. Other Board appointments: Chairman of AB Superb Produkt.
  • Göran Zakrisson, born 1953. External, board member since 2017.


  • Anders Borgcrantz born 1961, President
  • Martin Rydin born 1968, CFO

Länsförsäkringar Hypotek Corporate Governance Reports