If P&C Insurance
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| Industry | Insurance, financial services |
|---|---|
| Founded | 1999 |
| Headquarters | Stockholm, Sweden |
| Area served | Sweden, Norway, Finland, Denmark, Russia and the Baltic countries |
| Key people | Thorbjörn Magnusson CEO |
| Products | Insurance annuities, mutual funds |
| Revenue | US$billion (2007) |
| Operating income | US$(2007) |
| Net income | US$(2nd Quarter 2008) |
| Total assets | US$( 2nd Quarter 2008) |
| Total equity | US$(2nd Quarter 2008) |
| Employees | 6,400 (2008) |
| Website | if-insurance.com |
If P&C Insurance is a property and casualty insurance company with approximately 3.8 million customers in Sweden, Norway, Finland, Denmark, Estonia, Latvia, Lithuania and Russia. The Group has gross premiums written of SEK 39 billion and 7,000 employees.
If P&C Insurance was formed in 1999 through the merger of the property and casualty insurance operations of Storebrand of Norway and Skandia of Sweden. In 2001, If and Sampo’s property and casualty insurance operations merged. Torbjörn Magnusson was appointed President and CEO a year later. In the Spring of 2004, Sampo acquired Storebrand’s, Skandia’s and Skandia Liv’s holdings of If shares.
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