Länsförsäkringar Hypotek: Year-end Report 2022

"Länsförsäkringar Hypotek’s retail mortgages continued to perform well during the year, reporting healthy volume growth and strong earnings. The year was generally characterised by marked changes in the macro environment with high inflation, rising interest rates and reduced growth prospects. The housing market also started to see a weaker trend with falling prices and lower sales volumes. Retail mortgage customers also started experiencing higher costs and higher mortgage rates. Given our diligent and conservative credit assessments and the consistently high credit quality, customers are deemed to have good margins for managing increases in interest rates and the more difficult external conditions. High competition remains a feature of the mortgage market. Although volume growth was lower than last year, Länsförsäkringar still remained competitive and again this year captured a larger share of growth than our market share. With Länsförsäkringar Hypotek’s very high credit quality and strong financial position, we are convinced that we will continue to offer security in people’s everyday lives by providing a competitive mortgage offering.”, says Anders Larsson, President of Länsförsäkringar Hypotek.


The period in brief:

  • Operating profit declined 1% to SEK 1,423 M (1,433) and the return on equity amounted to 7.5% (8.1).
  • Net interest income declined 4% to SEK 2,692 M (2,796).
  • Credit losses amounted to SEK 4 M (-4), net, corresponding to a credit loss level of 0.00% (0.00).
  • Operating profit was impacted by fees levied of SEK 214 M, of which risk tax comprised SEK 113 M.
  • Lending increased 7% to SEK 296.9 billion (278.5).
  • The Common Equity Tier 1 capital ratio amounted to 18.9% (18.4*) on 31 December 2022.

Figures in parentheses pertain to the same period in 2021.
* Pertains to 30 June 2022.

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For further information, please contact:

Anders Larsson, President, Länsförsäkringar Hypotek AB,
+46 (0)8-588 411 54, +46 (0)73-964 11 54

Martin Rydin, CFO Länsförsäkringar Bank AB,

+46 (0)8-588 412 79, +46 (0)73-964 28 23


Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank AB,

+46 (0)10-4987029, +46 (0)720-84 36 34





This report contains such information that Länsförsäkringar Hypotek AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication on 8 February 2023 at 12:00 a.m. CET.

The Länsförsäkringar Alliance is comprised of 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and life and non-life insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring, total solutions for reliable mortgage transactions through Länsförsäkringar Fastighetsförmedling, and financing services such as leasing, instalment payments, and loans through Wasa Kredit.

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