Definitions

In addition to the financial definitions under IFRS and the Capital adequacy rules, Alternative Performance Measures are used to describe the development of the underlying business and increase the comparability of the periods.

Term Definition
C/I before credit losses, % Expenses before credit losses in relation to operating income.
C/I before credit losses (excl. Insurance), % Expenses before credit losses exclusive of the Insurance segment in relation to operating income exclusive of the Insurance segment.
Capital base The sum of Tier 1 capital and Tier 2 capital.
Claims ratio, % Insurance compensation in relation to premium earned.
Combined ratio, % The sum of insurance compensation and operating expenses as a percentage of premium earned.
Common Equity Tier 1 ratio, % Common Tier 1 capital in relation to risk-weighted amount as per the Swedish Financial Supervisory Authority’s directive.
Credit loss ratio, % Net credit losses in relation to the average balance of loans to the public.
Earnings per share, SEK Net income attributable to shareholders in relation to average number of shares.
Lending to the public Total lending to the public less reserves for expected credit losses.
Lending to the public, excl. exchange rate differences Total lending to the public in local currency, excl. exchange rate differences.
NBI margin, % Operating income exclusive of the Insurance segment in relation to the average balance of loans to the public.
Net interest income/expense (excl. Insurance) Interest income less interest expenses less interest income and expenses Insurance segment.
Operating income (excl. Insurance) Operating income less operating income Insurance segment.
NIM, % Interest income less interest expense exclusive of the Insurance segment in relation to the average balance of loans to the public.
Premium earned, net Premium earned, net is calculated as the sum of premium income and the change in unearned premiums after deduction of reinsurers’ share. Premium earned, net refers to revenue received by an insurance company for providing insurance coverage during a specific period.
Return on equity excl. intangible assets, (RoTE), % Net profit for the period as a percentage of average equity less intangible assets.
Return on equity excl. intangible assets, given 12.5% Common Equity Tier 1 ratio (RoTE), % Net profit for the period as a percentage of average equity less intangible assets when the Common Equity Tier 1 ratio level is 12.5%.
Risk adjusted NBI margin, % NBI margin adjusted for credit loss ratio.
Technical result Premium earned, net minus claims- and operation expenses net including allocated investment return transferred from non-technical account and other technical income.
Tier 1 capital The sum of Common Equity Tier 1 capital and other Tier 1 capital.
Tier 2 capital Mainly subordinated loans that cannot be counted as Tier 1 capital.
Total capital ratio, % Total capital in relation to risk-weighted amount as per the Swedish Financial Supervisory Authority’s directive.