Alecta’s DC product delivers 8% return in first nine months of 2026

Swedish pension provider Alecta has reported an 8 per cent return for its Optimal Pension defined contribution (DC) product in the nine months to 30 September 2026, up from 5.8 per cent over the same period in 2025.

Its quarterly results revealed that assets under management in the total portfolio for Alecta Optimal Pension, which is invested 60 per cent in equities, amounted to SEK 389bn at the end of September 2026, up from SEK 333bn at the end of September 2025.

Over the past five-year period, Alecta Optimal Pension's total annual return averaged 6.2 per cent.

Meanwhile, in defined benefit (DB) insurance, collective consolidation, which is a financial buffer for Alecta’s insurance commitments against variations in returns and determines customer bonuses, improved year-on-year.

The results showed that collective consolidation stood at 175 per cent at the end of September, up from 167 per cent at the end of Q3 2025.

Assets under management in the total DB portfolio amounted to SEK 1,075bn at the end of Q3 2025, compared with SEK 1,042bn at the end of the same time last year.

Additionally, the interim results showed the group’s solvency ratio rose from 203 per cent at the end of Q3 2025 to 216 per cent at the end of Q3 2026, while its asset management expense ratio increased from 0.026 to 0.028 per cent at the end of Q3 2026.

The consolidated management expense ratio fell slightly from 0.07 per cent to 0.06 per cent.

Furthermore, total capital under management was SEK 1,464bn, an increase from SEK 1,375bn at the end of Q3 2024.



Share Story:

Recent Stories


Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Advertisement