Life

Full Year
SEK m	2019	2018	2017	2016	2015	2014
Net interest income	-16	-28	-65	-60	-43	-51
Net fee and commission income	2,531	2,655	2,686	4,059	4,600	3,931
Net financial income	711	953	1,644	1,764	1,339	1,565
Net other income	77	-8	15	-17	85	117
Total operating income	3,304	3,572	4,279	5,746	5,981	5,562
Staff costs	-860	-1,017	-1,218	-1,560	-1,669	-1,648
Other expenses	-706	-615	-591	-984	-1,144	-1,126
Depreciation of assets	-21	-20	-29	-45	-58	-72
Total operating expenses	-1,587	-1,653	-1,838	-2,589	-2,871	-2,846
Profit before credit losses etc	1,716	1,920	2,441	3,157	3,110	2,716
Gains less losses from assets
Net expected credit losses	-1	-2
Net credit losses		0
Operating profit before Items affecting comparability	1,715	1,917	2,441	3,157	3,110	2,716
Items affecting comparability			0
Operating profit	1,715	1,917	2,441	3,157	3,110	2,716
Cost/Income ratio	0.48	0.46	0.43	0.45	0.48	0.51
Business equity, SEK bn	5.4	5.8		11.6	8.7	8.3
Return on equity after tax, %	29.4	29.4		23.5	30.3	27.9

Quarter	2019				2018				2017				2016				2015				2014
SEK m	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
Net interest income	-5	-5	-3	-3	-7	-7	-7	-7	-18	-18	-17	-13	-17	-14	-15	-14	-12	-11	-9	-11	-16	-12	-11	-12
Net fee and commission income	648	647	635	600	607	690	705	653	704	676	674	633	1,229	982	931	917	1,058	1,042	1,171	1,329	1,089	1,049	934	859
Net financial income	207	152	199	154	118	195	328	313	386	479	421	359	484	441	472	367	449	218	227	445	434	354	401	376
Net other income	15	14	-2	51	-8	-11	-1	12	4	0	0	11	-82	11	36	18	23	13	35	14	31	23	23	40
Total operating income	866	808	829	801	710	866	1,025	971	1,076	1,137	1,077	989	1,614	1,420	1,424	1,288	1,518	1,262	1,424	1,777	1,538	1,414	1,347	1,263
Staff costs	-221	-215	-206	-218	-210	-219	-271	-317	-307	-300	-306	-305	-415	-367	-404	-374	-372	-423	-413	-461	-424	-404	-427	-393
Other expenses	-183	-172	-178	-172	-177	-148	-152	-138	-161	-154	-150	-127	-243	-251	-258	-232	-318	-275	-273	-278	-329	-276	-281	-240
Depreciation of assets	-5	-5	-5	-5	-4	-4	-6	-7	-7	-8	-7	-7	-10	-11	-11	-13	-13	-14	-15	-16	-18	-20	-17	-17
Total operating expenses	-410	-393	-390	-395	-392	-371	-428	-462	-475	-461	-463	-438	-668	-629	-673	-619	-703	-712	-701	-755	-771	-700	-725	-650
Profit before credit losses etc	456	415	439	406	319	496	597	509	601	675	614	551	946	791	751	669	815	550	723	1,022	767	714	622	613
Gains less losses from assets					0		0	0								0								0
Net expected credit losses			-1		-1		-1	-1
Net credit losses																								0
Operating profit before Items affecting comparability	456	415	438	406	318	495	596	508	601	675	614	551.0464109304	946	791	751	669	815	550	723	1,022	767	714	622	613
Items affecting comparability									0
Operating profit	456	415	438	406	318	495	596	508	601	675	614	551	946	791	751	669	815	550	723	1,022	767	714	622	613
Cost/Income ratio	0.47	0.49	0.47	0.49	0.55	0.43	0.42	0.48	0.44	0.41	0.43	0.44	0.41	0.44	0.47	0.48	0.46	0.56	0.49	0.42	0.50	0.50	0.54	0.51
Business equity, SEK bn	5.4	5.4	5.4	5.4	5.4	5.4	6.2	6.1	8.9	8.8	11.0	8.8	11.7	11.7	11.6	11.5	8.7	8.7	8.7	8.7	8.3	8.3	8.3	8.3
Return on business equity, per cent	31.2	28.5	30.2	27.8	20.1	31.4	32.9	28.7	23.2	26.4	27.4	21.5	27.9	23.3	22.4	20.1	31.7	21.3	28.2	39.7	31.6	29.4	25.6	25.2