seb's savings barometer fourth quarter 2010 graphs

Savings Barometer Fourth Quarter 2010

Savings Barometer

QIV 2010


SEB Savings BarometerFourth Quarter 2010

Total household savings = bank deposits, life insurance, mutual funds, bonds, government savings plans, premium pensions and - when noted - directly held equities and housing.

Sources: Statistics Sweden, Bank of Sweden, Swedish National Board of Student Aid (CSN), Swedish Insurance Federation, Swedish Mutual Fund Association, Svensk Fondstatistik/MoneyMate, NASDAQ OM Stockholm Exchange, NGM/NDX, SHB, Nordea Life, SEB Trygg Life, Swedish Pensions Agency, maklarstatistik.se, interim and annual reports of companies.

Compiled by Carl Holm, SEB Trygg Life


Development Fourth Quarter 2010

•New savings were 49bn kronor, of which 30bn were the yearly allocation to premium pensions and 36bn were saved in bank deposits. Bond savings showed a negative figure of 15bn.

•On the Stockholm Stock Exchange (NASDAQ OM) the AGFX index increased by 7.4 per cent.

•Housing prices decreased by 0.3 per cent.

•Households increased borrowing by 1.5 per cent during the fourth quarter. For twelve months the increase was 7.4 per cent.

•SEB had a 12.2 per cent market share and Swedbank 14.4 per cent. Alecta had 9.8 per cent, Skandia 9.2, Nordea and Handelsbanken 8.7 each.


Development Fourth Quarter 2010

SEK bnValue, beginning of quarter 9,989Savings +49Value, shareholdings directly held +57Value, housing -12Value, other assets +86Value, end of quarter 10,169Loans -2,704Net assets 7,465


Swedish Household Savings

0

500 0001 000 000

1 500 0002 000 000

2 500 000

3 000 0003 500 000

4 000 0004 500 000

5 000 000

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Bank depositsTrad insuranceUnit-linked insuranceMutual fundsBondsPremium PensionsShareholdingsHousing

Total household savings have increased by 37.9% since year-end 2005, from SEK 7,376 bn to SEK 10,169 bn.

SEK m


Total Household Savings MarketMarket Shares December 31 2010 (September 30 2010)

Others13.3 (12.8)%

Government3.4 (3.2)

Alecta9.8 (9.8) %

Folksam4.8 (5.1)%

LF4.6 (4.8)%

AMF7.6 (7.6)%

SPP3.2 (3.3)%

Handelsbanken8.7 (8.5)%

Nordea8.7 (8.8)%

Skandia9.2 (9.3)%

Swedbank14.4 (14.4)%

SEB12.2 (12.4)%


Household SavingsMarket Shares December 31 2010

Share, per cent Bank Trad. U-L Mutual Bonds Prem Totaldeposits insur. insur. funds Pens

SEB 11.7 9.9 26.1 13.6 9.4 1.8 12.2Alecta 26.8 9.8 Skandia 2.7 17.2 19.6 0.0 1.1 9.2LF 3.5 6.6 9.4 0.6 3.0 4.6Folksam 10.6 7.9 4.8AMF 17.2 3.9 0.8 8.5 7.6Handelsbanken 18.5 1.9 6.9 12.9 18.5 3.0 8.7Storebrand/SPP 5.4 6.4 6.1 3.2Nordea 16.2 1.2 1.9 20.6 9.7 3.8 8.7Swedbank 23.9 1.0 14.2 29.3 9.0 18.5 14.4Government 35.3 27.1 3.4Others 23.6 2.2 3.6 22.3 18.1 27.2 13.3


”Security Savings”

Bank depositsTrad insuranceU-L insurancePremium PensionsMutual fundsBondsShares

December 31 2000 December 31 2010

44.6% 48.4%


Total Household Savings

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

HousingShareholdingsPremium PensionsBondsMutual fundsU-L insuranceTrad insuranceBank deposits


Total Household SavingsMarket Shares (excluding shareholdings and housing)December 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Others 13.3% (10.3)Government 3.4% (3.4)Folksam 4.8% (4.0)Alecta 9.8% (10.9)AMF 7.6% (7.8)LF 4.6% (5.0)Storebrand 3.2% (-)Handelsbanken 8.7% (11.2)Nordea 8.7% (8.9)Skandia 9.2% (11.1)Swedbank 14.4% (14.4)SEB 12.2% (13.1)


Bank Deposits, Market SharesDecember 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Other banks 23.6% (21.2)

Swedbank 23.9% (25.6)

Nordea 16.2% (18.3)

Handelsbanken 18.5% (15.9)

LF 3.5% (3.1)

Skandia 2.7% (3.7)

SEB 11.7% (12.2)


Traditional Insurance, Market SharesDecember 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Others 2,2% (1,5%)

Swedbank 1,0% (0,2)

AMF 17.2% (16.7)

Nordea 1.2% (1.2)

Alecta 26.8% (26.2)

Storebrand 5.4% (-)


Folksam 10.6 (6.9)

LF 6.6% (7.2)

Skandia 17.2% (20.0)

SEB 9.9% (12.8)


Unit-linked Insurance, Market SharesDecember 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Others 3.6% (1.6)

AMF 3.9% (2.9)

Swedbank 14.2% (16.1)

Storebrand 6.4% (-)


Nordea 1.9% (2.2)

Folksam 7.9% (6.5)

LF 9.4% (9.2)

Skandia 19.6% (21.8)

SEB 26.1% (25.3)


Mutual Funds, Market SharesDecember 31 2010 (December 31 2005)

0%10%20%30%40%50%60%70%80%90%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Övriga 23.0% (19.4)

Swedbank 29.3% (31.1)

Nordea 20.6% (20.6)


Folksam - (0.8)

LF 0,6% (1.7)

SEB 13.6% (13.5)


Premium Pensions, Market SharesDecember 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Others 27.2% (20.5)

Staten 27.1% (31.1)

Swedbank 18.5% (13.7)

Nordea 3.8% (2.6)

Storebrand 6.1% (-)


AMF 8.5% (8.3)

Folksam - (5.7)

LF 3.0% (3.9)

Skandia 1.1% (1.6)

SEB 1.8% (2.2)


Bonds, Market SharesDecember 31 2010 (December 31 2005)

0%

20%

40%

60%

80%

100%

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Others 18.1% (13.6)

Gov't 35.3% (49.6)

Swedbank 9.0% (12.2)

Nordea 9.7% (5.5)


SEB 8.4% (2.8)

The change in bonds issued bySEB QI 2007 is mainly caused by the

technique used for measurementand is significantly overstating

real changes


Savings - Distributed by Company

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

SEB

Swed

bank

Skan

dia

Nordea

Hand

elsba

nken LF AM

FAle

cta SPP

SEK m 05-IV 06-II 06-IV 07-II 07-IV 08-II 08-IV 09-II 09-IV 10-II 10-IV


0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000

2000000

Bankdeposits

Tradinsurance

Unit-linkedins

Mutual funds Bonds PremiumPensions

SEK m

05-IV 06-II 06-IV 07-II 07-IV 08-II 08-IV 09-II 09-IV 10-II 10-IV

Savings - Distributed by Assets


New SavingsQuarterly figures

-40 000

-30 000

-20 000

-10 000

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

06-I 06-II 06-III 06-IV

07-I 07-II 07-III 07-IV

08-I 08-II 08-III 08-IV

09-I 09-II 09-III 09-IV

10-I 10-II 10-III 10-IV

SEK m

Excluding Premium Pensions


New Savings12 month figures

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000

180 000

200 000

06-I 06-II 06-III 06-IV 07-I 07-II 07-III 07-IV 08-I 08-II 08-III 08-IV 09-I 09-II 09-III 09-IV 10-I 10-II 10-III 10-IV

SEK m

Excluding Premium Pensions


New SavingsFourth Quarter 2010

-20 000 -10 000 0 10 000 20 000 30 000 40 000

Bank deposits

Trad insurance

U-L insurance

Mutual funds

Bonds

Premium Pensions

SEK m


New SavingsFourth Quarter 2010

-4 000 -2 000 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000

SEB

Skandia

LF

Folksam

Handelsbanken

Nordea

Swedbank

AMF

Alecta

SPP

SEK m


Change of Total SavingsFourth Quarter 2010

-20 000 -10 000 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000

Housing

Shareholdings

Bank deposits

Trad insurance

U-L insurance

Mutual funds

Bonds

Premium Pensions

SEK m


Change of Total SavingsFourth Quarter 2010

-5 000 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000

SEB

Skandia

LF

Nordea

Swedbank

AMF

SHB

SPP

Alecta

Gov't

Others

SEK m


New Savings and Change of Savings Stock

-300 000

-200 000

-100 000

0

100 000

200 000

300 000

06-I 06-II 06-III 06-IV 07-I 07-II 07-III 07-IV 08-I 08-II 08-III 08-IV 09-I 09-II 09-III 09-IV 10-I 10-II 10-III 10-IV

New SavingsChange of Savings Stock

SEK m


Houshold Assets

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

00-IV 01-II01-IV 02-II

02-IV 03-II03-IV 04-II

04-IV 05-II 05IV 06-II06-IV 07-II

07-IV 08-II08-IV 09-II

09-IV 10-II10-IV

SEK bn Fixed-income Equities Housing


”Balance sheet” of Households

0

2 000 000

4 000 000

6 000 000

8 000 000

10 000 000

12 000 000

00-IV 01-II01-IV 02-II

02-IV 03-II03-IV 04-II

04-IV 05-II05-IV 06-II

06-IV 07-II

07-IV 08-II08-IV 09-II

09-IV 10-II10-IV

SEK m Assets Liabilities


Share Prices in Stockholm

0

50

100

150

200

250

300

350

400

450

20012002

20032004

20052006

20072008

20092010

AGFX, 1995-12-30=100 (linked to SIX GX)


New houshold loans QIIIcompared with corresponding quarter previous yearQIV 2010

QIV 2009

QIV 2008

QIV 2007

QIV 2006

QIV 2005

+ 41 bn

+ 61 bn

+ 39 bn

+ 53 bn

+ 61 bn

+ 57 bn


Household loans(Change in per cent compared to previous year)

Decembere 31 2001

September 30 2010

June 30 2010

March 31 2010

December 31 2009

+ 7.4%

+ 8.3%

+ 8.3%

+ 8.8%

+ 8.5%


Household Assets and LiabilitiesDecember 31 2010

0

2 000

4 000

6 000

8 000

10 000

12 000

Assets Liabilities

Housing/Mortgage loans Equities/Bank loans Fixed-income/Consumer credits

SEK bn


Household Assets and LiabilitiesDecember 31 2010

0

2 000

4 000

6 000

8 000

10 000

12 000

Ass'97

Liab'97

Ass'00

Liab'00

Ass'03

Liab'03

Ass'06

Liab'06

Ass'10

Liab'10

Housing/Mortgage loans Equities/Bank loans Fixed-income/Consumer credits

First Quarter of Indicated Year, SEK bn., for 2010 Fourth Quarter


Loans

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1 400 000

1 600 000

1 800 000

05-IV 06-IV 07-IV 08-IV 09-IV 10-IV

Mortgage loansBank loansConsumer creditsGov't student loans

SEK m SEK 200bn reclassifiedfrom mortgage to bank

loans in QIV 2007


Households’ liability/asset ratio

0

5

10

15

20

25

30

35

01-IV 02-II02-IV 03-II

03-IV 04-II04-IV 05-II

05-IV 06-II06-IV 07-II

07-IV 08-II08-IV 09-II

09-IV 10-II10-IV

Per cent Liability/ asset ratio


Savings - Distributed by Company

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

SEB Swedbank Skandia Nordea Handelsbanken LF AMF Alecta

SEK m

01-I 01-III 02-I 02-III 03-I 03-III 04-I 04-III 05-I 05-III 06-I 06-III 07-I 07-III 08-I 08-III 09-I 09-III 10-I 10-III

Slide not updated


Savings - Distributed by Assets

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000

2000000

Bank deposits Trad insurance U-L insurance Mutual funds PremiumPensions

Bonds

SEK m

01-I 01-III 02-I 02-III 03-I 03-III 04-I 04-III 05-I 05-III 06-I 06-III 07-I 07-III 08-I08-III 09-I 09-III 10-I 10-III

Slide not updated

seb's savings barometer fourth quarter 2010 graphs

Economy & Finance

savings barometer qiv

new savings

bond savings

thefourth quarter

government savings plans

iv10ivsavings barometer

total household savings100

bank of sweden