Largest life insurance companies in Sweden 2023, by market share

Published by Jennifer Rudden, Nov 1, 2024
In early 2023, the largest life insurance company in Sweden was Folksam. Based on premium income, this company held a market share of roughly 12.3 percent. The life insurance company with the second-highest market share during that period was Alecta, followed by Skandia and Avanza.

 Folksam

    Folksam operates both within the life and non-life insurance business, however, the main product of the insurance company is life insurance. Most of the company’s total premium income was generated from life insurance. Folksam’s premium income peaked in 2019.

 Non-life insurance companies 

   In terms of premium income, the largest non-life insurance company in Sweden was Länsförsäkringar in 2022. Länsförsäkringar does not feature in the list of the top 10 Swedish life insurers by premium income.

Largest life insurance companies in Sweden in 1st quarter 2023, by market share

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Release date

April 2023

Region

Sweden

Survey time period

Q1 2023

Special properties

Based on premium income

Supplementary notes

Only insurers with a market share of over five percent have been included.

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