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Skandia history
Skandia company history timeline
In 1986 the company acquired the share capital of Almendahl Investment Co. and Internationell Assurans AB. It also began a series of real estate acquisitions with 20 percent of the shares in Fastighetsbolagets Hufvudstaden and the majority of the shares in Fastighets AB Stockholm Badhus.
In 1987, Skandia opened a member financial services company, American Skandia Life Assurance, in Shelton Connecticut.
1990: Skandia is listed on the London Stock Exchange.
In 1993, Skandia took the theory one step further and began supplementing its annual report--which reports on the company's traditional assets--with an IC report.
In 1996 it represented nearly 50 percent; a year later, that total was 70 percent, and Skandia was garnering praise in Europe and the United States for the strength of its products.
The company became a global Fortune 500 company in 1997.
American Skandia's business flourished, and by the year 2000 had more than US$36 billion in client assets.
After a peak in the first half of 2000, the world's stock markets experienced sharply falling prices--and the United States (where Skandia had significant interests) was particularly hit hard.
2000: Skandia CEO Lars-Eric Petersson declares that the restructuring of Skandia into a savings and assets management company is complete.
In 2003 the operations in North America, American Skandia, were acquired by Prudential Financial.
In 2005 South African financial services group Old Mutual launched a $6.5bn (£3.6bn) bid to acquire majority control of Skandia, which was met with resistance from some of Skandia's shareholders and directors.
In March 2012 Old Mutual sold the Nordic businesses (Sweden, Denmark, Norway) to the Swedish-based Skandia Liv, a partly mutual assurer, in an all-cash deal for £2.1bn.
Skandia UK, Skandia International and the Skandia European businesses outside the Nordic region were rebranded as 'Old Mutual Wealth' in September 2014.
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Skandia competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Aviva plc | 2000 | $59.3B | 31,000 | 35 |
| Axis Capital, Inc. | - | - | - | 79 |
| Fidelity National Bank | - | $420,000 | 50 | - |
| MarketAxess | 2000 | $689.1M | 527 | 14 |
| FT Partners | 2001 | $14.0M | 201 | 14 |
| Deutsche Leasing | 1962 | $250,000 | 7 | - |
| DANSKE | - | $68.0M | 50 | - |
| Symphony Technology Group | - | $572.7M | 67 | - |
| Solvent | 2019 | $2.7M | 16 | 6 |
| Wipro Limited | 1945 | $11.3B | 231,671 | 327 |
Skandia history FAQs
Zippia gives an in-depth look into the details of Skandia, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Skandia. The employee data is based on information from people who have self-reported their past or current employments at Skandia. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Skandia. The data presented on this page does not represent the view of Skandia and its employees or that of Zippia.
Skandia may also be known as or be related to Skandia, Skandia Inc and Skandia, Inc.