Invik & Co. AB announced today that Modern Insurances Life's has been assigned a Baa3 rating from the international rating agency Moody's. Modern Insurances Life has developed very positively why Moody's assigned a Baa3 Insurance Financial Strength Rating (IFSR). Modern Insurances Life has no prior rating. The rating will enable further expansion possibilities for the life insurance operations in Sweden and abroad. For further information, please visit www.invik.se or contact: Anders Fällman, President and CEO +46 (0)8 562 000 20 Mattias Björk, CFO +46 (0)8 562 000 58 __________________________________ Invik is a finance group with a broad product profile focusing on insurance, banking and fund management. Invik is active in a number of carefully selected segments in which the Group can create high growth and build long-term, successful companies, while consistently focusing on profitability. Group companies are distinguished by their constant efforts to seek new avenues for growth in profitable niches in the financial sector. Invik is made up of five major financial operations: Modern Insurances Non-life, with its direct insurance operations focusing on individuals and small companies; Modern Insurances Life, which offers life, pension and endowment insurances; Assuransinvest manages the remaining run-off portfolio; Banque Invik, a private bank based in Luxembourg with operations in asset management, card operations and corporate services and Invik Funds, which pursues fund operations in Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock Exchange Mid Cap under the name INVKB.
Modern Insurances Life Assigned Rating from Moody s
| Source: Invik & Co. AB