Key Figures

PensionDanmark is among the largest pension funds in Denmark based on premiums and members. PensionDanmark is the third largeste pension funds in Denmark and one of the 50 largest pension funds in Europe.

In terms of assets, PensionDanmark is the third largest labor-market pension fund in Denmark as well as the fifth largest company in the life insurance – and pension industry sector.

PensionDanmark is thoroughly consolidated; by the end of 2018, the capital base amounted to EUR 0.55bn, with an estimated required regulatory capital of EUR 0.13bn, giving PensionDanmark significant excess solvency.

Key figures - five years

DKKm 2018
2017 2016 2015 2014
Total premiums net of reinsurance 12,965 13,595 12,758 12,138 12,489
Total insurance benefits net of reinsurance -8,248 -7,845 -6,888 -5,892 -8,136
Total investment return -3,211 16,647 12,977 7,072 16,094
Profit/loss for the year 125 423 219 182 150
Total equity 4,282 4,156 3,733 3,784 3,602
Total assets 235,872 233,174 221,539 183,104 170,951
Members at end of the year 732,000 713,000 695,000 683,581 662,107

Key ratios - five years

  2018
2017 2016 2015 2014
Return ratios, unit-linked contracts          
Return before pension yield tax, %          
 - Life Annuity under age 41 -2.6 9.9 7.1 5.2 10.5
 - Life Annuity, age 50 -2.3 9.5 7.2 4.8 10.8
 - Life Annuity, age 60 -0.6 7.8 7.3 3.6 10.6
 - Life Annuity, age 65 0.2 6.9 7.3 3.0 10.6
Expense ratios          
Expenses as a percentage of provisions 0.11 0.12 0.12 0.03 0.17
Expenses in DKK per insured 301 298 289 71 378
Business ratio          
Return on equity after tax, % 3.0 10.7 5.8 4.9 4.3
Capitalisation ratio 1)          
Solvency ratio, % 424 417 378 357 675

1) The solvency ratio in 2014 is based on earlier regulation and not comparable to the present. The 2015-figure is calculated as of January 1st 2016 based on the present regulation.