Norway’s pension fund sector posted stronger solvency ratios in the first half of 2025, with all 73 pension funds meeting regulatory capital requirements as of 30 June 2025.
Data from the Financial Supervisory Authority of Norway (Finanstilsynet) revealed that overall, solvency coverage has trended upward from 172 per cent in mid-2023 to 182 per cent this June.
Since the end of 2024, solvency capital coverage has increased by 4 percentage points.
“The main reason for the increase is that eligible capital grew slightly more than the solvency requirement during the period, due to a positive interim result before customer allocations and tax (increased capital in Tier 1) of NOK 15bn,” Finanstilsynet stated.
Private pension funds remained the strongest capitalised, with solvency coverage increasing to 192 per cent as of 30 June 2025, up from 186 per cent at 31 December 2024.
Municipal funds posted a more modest rise to 171 per cent at the end of June, up from 169 per cent at the end of 2024.
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