”I am proud, as the new President of Länsförsäkringar Bank, to present the interim report for the first quarter of 2026. The quarter started with optimism and a strong trend in the financial market, but at end of the quarter was dominated by the sharp increase in geopolitical and macroeconomic uncertainty resulting from the war in Iran. However, the market reactions can currently be considered to be relatively minor and the impact on the bank and our customers is limited.

The mortgage market remains characterised by intense competition, and we continued to be successful at capturing market share. In savings, the underlying inflow into our funds remained healthy, although fund volumes were negatively impacted by weak equity markets during the quarter. We have a positive outlook on future opportunities in savings since our efforts to gradually integrate SAVR into Länsförsäkringar’s offering will enhance the customer experience and strengthen our market position. During the quarter, we continued our successful digitalisation journey for the mortgage process by adding simplicity for both our customers and employees. One benefit of this move is that we can provide customers with faster feedback, which has a positive effect on the business.

We are delivering stable earnings for the first quarter with net interest income that is relatively unchanged compared with the preceding quarter, a cost trend in line with our plan and credit losses that were positively affected by the sale of credit-impaired loan receivables in LF Finans. Credit quality is high and our financial position is strong, which provides excellent conditions for Länsförsäkringar’s banking operations to continue to grow.

As the new President, it is inspiring for me to assume the responsibility of taking over a bank that is growing and that has high customer satisfaction and committed employees. I look forward to continuing to develop the bank together with all employees and I am convinced that Länsförsäkringar’s market position, distribution capabilities and complete offering will present many opportunities for us in the future. With our strong local profile, we play an important role in creating security and opportunities for our customers in an uncertain world.”, says Sara Davidgård, President of Länsförsäkringar Bank

The period in brief, Group:

Operating profit increased 9% to SEK 684 M (626).
Return on equity was 9.3% (8.7).
Net interest income declined 6% to SEK 1,416 M (1,504).
Net commission income, excluding remuneration to the regional insurance companies, increased 12% to SEK 504 M (450).
Operating income increased 3% to SEK 1,544 M (1,500).
Operating expenses increased 19% to SEK 873 M (736), largely due to additional operations in the form of the incorporation of telephone banking and the acquisition of SAVR.
Net credit losses were positive, mainly as a result of sales of credit-impaired loan receivables in LF Finans and amounted to SEK –100 M (33), corresponding to a credit loss level of –0.09% (0.02).
Operating profit was impacted by fees levied of SEK 87 M (105) during the period, of which risk tax comprised SEK 48 M (69).
Business volume increased 7% to SEK 1,071 billion (999).
Lending increased 5% to SEK 428 billion1) (409).
Deposits increased 5% to SEK 163 billion (155).
Fund volumes increased 10% to SEK 481 billion (436).
The Common Equity Tier 1 capital ratio for the Consolidated Situation amounted to 14.7% (14.62)) on 31 March 2026.

Figures in parentheses pertain to the same period in 2025. * Loans to the public excluding deposits with the Swedish National Debt Office and similar items.

** Refers to 31 December 2025.

https://www.lansforsakringar.se/financial-bank/

For further information, please contact:

Sara Davidgård, President Länsförsäkringar Bank AB, sara.davidgard@lansforsakringar.se

Martin Rydin, CFO Länsförsäkringar Bank AB, +46 (0)73 964 28 23

Andreas Larsson, Head of Investor Relations Länsförsäkringar Bank AB, +46 (0)720 84 36 34

This report contains such information that Länsförsäkringar Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication on 24 April 2026 at 12:00 p.m. CEST.

The Länsförsäkringar Alliance is comprised of 23 local and customer-owned regional insurance companies and the jointly owned Länsförsäkringar AB. Customers are provided with a complete offering of banking and life and non-life insurance services through their local, regional insurance companies. We offer animal and crop insurance through Agria Djurförsäkring, total solutions for reliable mortgage transactions through LF Fastighetsförmedling, and financing services such as leasing, instalment payments, and loans through LF Finans.