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 2016, the capital base amounted to EUR 0.5bn, with an estimated required regulatory capital of EUR 0.13bn, giving PensionDanmark significant excess solvency.
Key figures - five years
|Total premiums net of reinsurance||12,758||12,138||12,489||10,738||10,653|
|Total insurance benefits net of reinsurance||-6,888||-5,892||-8,136||-4,674||-3,961|
|Total investment return||12,977||7,072||16,094||9,075||12,029|
|Profit/loss for the year||219||182||150||-695||450|
|Members at end of the year||695,000||683,581||662,107||642,178||633,556|
Key ratios - five years
|Return ratios, unit-linked contracts|
|Return before pension yield tax, %|
|- Life Annuity under age 41||7.1||5.2||10.5||9.3||10.9|
|- Life Annuity, age 50||7.2||4.8||10.8||7.1||10.2|
|- Life Annuity, age 60||7.3||3.6||10.6||5.0||9.4|
|- Life Annuity, age 65||7.3||3.0||10.6||3.9||9.0|
|Expenses as a percentage of provisions||0.12||0.03||0.17||0.19||0.22|
|Expenses in DKK per insured||289||71||378||378||400|
|Return on equity after tax, %||5.8||4.9||4.3||-18.3||11.5|
|Capitalisation ratio 1)|
|Solvency ratio, %||378||357||675||554||640|
1) The solvency ratio in 2012-2014 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.