Länsförsäkringar Hypotek

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 115 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 Larsson
President, Länsförsäkringar Hypotek AB
+46 8 588 411 54
+46 73 964 11 54

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

Financial Information

January-June 2023

The period in brief

  • Operating profit rose 15% to SEK 730 M (637) and return on equity was 7.2% (6.8).
  • Net interest income fell 13% to SEK 1,163 M (1,343).
  • Credit losses amounted to SEK 2 M (0), net, corresponding to a credit loss level of 0.00% (0.00).
  • Operating profit was impacted by fees levied of SEK 120 M, of which risk tax comprised SEK 65 M.
  • Lending increased 7% to SEK 306 billion (287).
  • The Common Equity Tier 1 capital ratio amounted to 18.8% (18.9*) on 30 June 2023

Figures in parentheses pertain to the same period in 2022.
* Pertains to 31 December 2022.

Read the full report from Länsförsäkringar Hypotek

Financial calendar 2023
Date Report

February 9 2024

Year-end report 2023

Five Year Financial Summary (pdf)

Financial Reports Archive


EMTN Prospectuses

EMTN Prospectuses

In nominal values and excluding repurchase agreements, as of June 30, 2022.

Funding programmes
  Limit Nom Outstanding Nom Remaining average term
Benchmark Unlimited SEK 173.5 billion 3.2 years
Medium Term Covered Note SEK 30 billion SEK 15.7 billion 3.1 years
Euro Medium Term Covered Note EUR 6 billion SEK 34.7 billion 3.3 years
Total   SEK 224.0 billion 3.3 years 

EMTN Prospectuses

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.

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, 2023

  • Core Tier 1 and Tier 1 capital amounted to SEK 16,084 M
  • Core Tier 1 and Tier 1 ratio was 18.8%
  • Capital base amounted to SEK 16,084 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. 
  • Susanne Calner, born 1969. Board member since 2022.
  • Bengt Clemedtson, born 1964. Board member since 2022.
  • Jonas Ekegren, born 1971. Board member since 2022.
  • Martin Rydin, born 1968. Board member since 2022.
  • Tobias Ternstedt, born 1972. Board member since 2022.


  • Anders Larsson born 1965, President

Länsförsäkringar Hypotek Corporate Governance Reports