2004 in summary: • Operating profit rose by 25 percent to SEK 11,912 M (9,564) • Profit for the year rose by 35 percent to SEK 8,592 M (6,343) • The return on equity rose to 20.5 percent (15.9) • Earnings per share rose by 37 percent to SEK 16.42 (12.02) • Total income rose by 8 percent to SEK 26,474 M (24,453) • The sale of FI-Holding generated a capital gain of SEK 1,290 M • The decrease in expenses excluding profit-based staff costs and costs for personnel changes was 2 percent. • Loan losses decreased by 50 percent to SEK 495 M (987) • Robur’s market share for new fund contributions rose to 24 percent (20) • Spintab consolidated its position as Sweden’s leading mortgage lender, with a market share of 31 percent (31) • The proposed dividend is raised 13 percent to SEK 6.50 (5.75)