Insurer profile
Livförsäkringsbolaget Skandia, ömsesidigt (mutual parent) / Försäkringsaktiebolaget Skandia (publ) (insurance subsidiary)
Livförsäkringsbolaget Skandia, ömsesidigt (mutual parent) / Försäkringsaktiebolaget Skandia (publ) (insurance subsidiary) · Sweden
Overview
Skandia is one of Sweden's largest insurance and pension companies, founded in 1855 and operating as a customer-owned mutual entity since 2014. It offers occupational pension, life insurance, health insurance, banking, and savings products to private individuals, businesses, and the public sector. According to its 2025 year-end report, assets under management in the life company grew to approximately SEK 889 billion (up from SEK 863 billion a year earlier), serving close to 2 million customers.
Source19
Products in this market
Company details
- Parent group
- Livförsäkringsbolaget Skandia, ömsesidigt (customer-owned mutual)
- Regulator
- Finansinspektionen (Swedish Financial Supervisory Authority)
- Phone
- +46 771 55 55 00
- [email protected]
Products from Livförsäkringsbolaget Skandia, ömsesidigt (mutual parent) / Försäkringsaktiebolaget Skandia (publ) (insurance subsidiary)
Health10
Health Insurance / Care Insurance (individual)
Individual private health insurance (Vårdförsäkring) giving fast access to private healthcare, specialist visits, hospital care, and rehabilitation without waiting in public queues.
Health Insurance / Care Insurance for Business – Bas, Access & Plus tiers
Employer-paid occupational health insurance in three tiers (Bas, Access, Plus) giving employees fast access to private healthcare, specialist care, and preventive health support via Hälsoslussen.
Health Insurance for Pensioners – Om & Om Extra
Care insurance products designed specifically for retirees (new sign-up 55–70 years, can be kept for life), offering continued access to private healthcare after leaving working life.
Group Health Insurance (Hälsoförsäkring Grupp)
Group preventive health insurance for employers, providing early health interventions and support for employees at risk of sick leave due to stress or mental ill-health.
Group Accident Insurance (Olycksfallsförsäkring)
Group accident insurance covering financial compensation for reduced functional ability or medical costs resulting from an accident, valid around the clock.
Group Sickness Insurance (Sjukförsäkring)
Group income protection insurance that can compensate up to 90% of salary during long-term sick leave exceeding 90 days; includes a preventive health insurance component.
Group Private Care Insurance (Privatvårdsförsäkring – gruppförsäkring)
Group private healthcare insurance available via employer or union group agreement, giving access to private medical care.
Child Insurance (Barnförsäkring)
Child insurance covering both accidents and illness, providing economic compensation for illness-related disability and accident costs for insured children.
Senior Insurance (Seniorförsäkring)
Continuation insurance for those who have reached the group agreement's retirement age, allowing ongoing personal insurance coverage after leaving an employer group.
Crisis Insurance (Krisförsäkring – group)
Group crisis insurance entitling the insured or a family member to crisis therapy if diagnosed with a serious illness or affected by a traumatic event.
Life7
Life Insurance (individual)
Individual life insurance providing a lump-sum payout to the policyholder's family if they die prematurely, with insurable amounts based on income and personal circumstances.
Occupational Pension (Tjänstepension med Hälsa)
Employer-provided occupational pension combined with preventive health insurance, available in traditional management (Skandia Liv), fund management (Skandia Link), or portfolio management (Skandia Depåförsäkring).
Private Pension Insurance – Fund (Pensionsförsäkring Fond)
Private pension savings insurance invested in funds of the customer's choice, with built-in survivor benefit; primarily for those with active business income or lacking occupational pension.
Group Life Insurance (Livförsäkring – gruppförsäkring)
Group life insurance providing a lump-sum death benefit to the insured's next of kin, available through an employer or union group agreement.
Group Capital Assurance (Trygghetskapitalförsäkring)
Group security capital insurance paying a lump sum in the event of death or permanent disability, providing an extra financial safety net.
Occupational Group Life Insurance (Tjänstegrupplivförsäkring – TGL)
Statutory-equivalent group life insurance for employees of companies without collective agreements, providing a tax-free death benefit; can be combined with accident insurance as 'Grundskydd Företag'.
Continuation Insurance (Fortsättningsförsäkring / Jobbavidareförsäkring)
Insurance allowing individuals to retain their personal insurance coverage when leaving a group agreement (e.g., changing jobs), without new health declarations.
Financial2
Capital Insurance (Kapitalförsäkring – fund, custody and traditional)
Flat-rate-taxed savings wrapper offered in three variants — fund insurance, custody insurance (Depå), and traditional insurance — letting customers save in funds or shares without paying capital gains tax on each sale.
Premium Pension Funds (PPM Fonder / Premiepension)
Skandia's fund company offers several PPM (premium pension) funds with different risk profiles and high standards for responsible investment, for use in Sweden's state premium pension system.
Regulatory updates
Livförsäkringsbolaget Skandia, ömsesidigt (Skandia Liv) holds a licence from Finansinspektionen (FI) to conduct insurance business under the Insurance Business Act (2010:2043). In 2020, FI issued a formal warning and a SEK 35 million sanction against Skandia Liv for violations of rules on actuarial reserve calculations and solvency capital requirements (2016–2019). During 2025, Försäkringsaktiebolaget Skandia (publ) agreed with Livförsäkringsbolaget Skandia, Ömsesidigt on a portfolio transfer (beståndsöverlåtelse) of premium waiver insurance tied to occupational pension, as part of the 'Skandia Next' IT migration project moving policies to a new life-insurance platform (Lumera). Skandia's Q4/year-end 2025 report (published February 2026) showed group AUM rising to roughly SEK 889 billion, with total return on the traditional life portfolio at 5.3%, below the prior year's 6.8%.
