Svenska Handelsbanken : Handelsbanken Liv Annual report 2022

Annual Report

2022

Liv

Contents

About Handelsbanken Liv	2
The year in brief	3
THE CHIEF EXECUTIVE'S COMMENTS	4
Administration report	6
Five-year overview	12
FINANCIAL REPORTS
Alternative income statement	13
Income statement	14
Statement of comprehensive income	14
Analysis of results	15
Balance sheet - assets	16
Balance sheet - liabilities	17
Statement of changes in equity	18
Cash flow statement	19
Notes	20
SIGNATURES OF THE BOARD
AND CHIEF EXECUTIVE	37
AUDITOR'S REPORT	38
BOARD AND MANAGEMENT	41
DEFINITIONS	42

Handelsbanken Liv Försäkrings AB Corporate identity number: 516401-8284 Registered office: Stockholm handelsbanken.se/liv

This Annual Report is also available in Swedish.

HANDELSBANKEN LIV | ANNUAL REPORT 2022 1

About Handelsbanken Liv

Insurance for a more secure life and a richer future

Handelsbanken Liv is Handelsbanken's life insurance company and is a wholly owned subsidiary. The life insurance company's insurance policies are distri­ buted through Handelsbanken's branch offices in Sweden, and the vision is to ­contribute towards greater security in life and a richer future. Handelsbanken Liv has assets under management of approximately SEK 220 billion and employs around 100 people.

The year in brief

Highest average return Handelsbanken Liv's unit-linkedinsurance has yielded the highest average returns within individual occupational pensions over the past 10 years, according to a summary compiled by the Swedish Consumers' Insurance Bureau in 2022.

Simplified digital services

New services were launched for our corporate customers, who are now able to organise and manage parts of their insurance entirely online, making administration simpler.

Expanded product range

Our occupational pension offering was developed, introducing a new entry solution which is Sweden's first Nordic Swan Ecolabelled pension. The new service was launched in early 2023.

	Assets under			Financial
	management	Customers	performance
	220		1.1	881
	billion SEK	million insurance	million SEK
		contracts
	Emission intensity in	Percentage of sustainability-­
	our investments	classed funds in our range
	-13%	95%
	Decreased from 7.8 to	Classified as article 8
	6.8 tonnes CO	e/SEK m	or article 9 funds1
	2
Pleasing recognition for responsible	Taking a clear position through	Sharper focus on gender-equal
investment	international initiatives	pensions
In terms of its range of funds for occu­	In 2022, Handelbanken Liv committed	In order to raise awareness and
pational pensions, Handelsbanken	to the global Fossil Fuel Non-Prolifer­	highlight­	the pension gap between
Liv has the lowest exposure to con­	ation Treaty Initiative, and adopted	women and men, Handelsbanken Liv
troversial sectors and the highest	the UN's Principles for Sustainable	published a survey on days off work
fulfilment­	of the Sustainable Develop­	Insurance (PSI). The company also	taken by men vs. women to care for
ment Goals according to the	participated in the Stockholm+50	sick children, and also launched a
"Responsible ownership 2022" survey	international climate summit.	Part-Time calculator on Handels­
undertaken by Max Matthiessen.			banken's website which customers
1 Article 8 means that the fund promotes environmental or social characteristics.		can use to calculate the impact of
	part-time work on their pension.
Article 9 means that the fund has sustainable investment as its objective.

HANDELSBANKEN LIV | ANNUAL REPORT 2022 3