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Folksam group surpasses SEK 500bn in AUM

Sweden's largest insurance group improves Q1 returns but notes a small negative effect on sales in parts of the life insurance division due to the pandemic.

Ylva Wessén, Folksam CEO | Photo: Folksam Group/PR

Swedish insurance group Folksam published its Q1 figures today, reporting an almost 16 percent increase in assets under management compared to Q1 2020, rising to SEK 512bn (EUR 50bn) from SEK 442bn (EUR 43.6bn).

In a short digital presentation and comment on the report, CEO Ylva Wessén calls reaching over SEK 500bn (EUR 49.32bn) in assets under management a milestone for the company.

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