Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Pension sector almost regains loss from 2022
Danish insurance and pension companies achieved a return of kr. 344 billion in 2024. Overall, the nominal return has been kr. 675 billion over the past two years, which means that the loss in 2022 has almost been recovered. A loss that was mainly due to capital losses in the financial markets due to, among other things, inflation, and interest rate increases. The high return in 2024 is primarily driven by the gains on the US stock market, and more than half of the pension return in 2024 came from listed US stocks; in particular, shares in technology companies such as NVIDIA, Apple and Amazon contributed with significant gains. Investments in the US account for a quarter of total pension investments and thus have a significant impact on Danish pension returns. The positive returns benefit not only pension customers, but also government finances through increased tax revenues from the so-called pension return tax, PAL tax.
The pension sector achieved a return of kr. 344 billion in 2024
Note:
Danish insurance and pension companies' returns on investments 2018-2024. Life insurance companies and pension funds as well as ATP are included in the statistics. Find chart data in the Statbank.