Danish pension company Danica reported a pre-tax profit of DKK 714m for the first half of the year, marking a decline of DKK 235m compared to DKK 949m in the same period last year.

Danica credited this profit drop to a DKK 220m provision in the first quarter, set aside to cover risks tied to legacy life insurance products in liquidation.

However, the company reported that contributions rose by 18.4 per cent from DKK 21.6bn in the first half of 2024 to DKK 25.5bn in the first half of 2025.

Danica credited this growth to an influx of 2,324 new corporate customers and independent companies, as well as increased sales through Danske Bank. This growth is above the targets of Danica's new strategy, which was initiated in 2025.

Commenting on the results, Danica CEO, Mads Kaagaard, said he is “pleased” with Danica’s overall performance in the first half of the year and especially the second quarter, where many of the various sub-elements of the business are “pointing in the right direction”.

“In particular, I am very pleased that we have now created high growth in the business over a longer period of time,” he continued.

“This development has been created on a foundation of satisfied customers, whom we work every day to provide the market's most attractive solutions that will make pension and health easily accessible to them. This is all part of the work in our new strategy.”

The company explained that the return in the first half of the year has been characterised by “great” geopolitical turmoil and uncertainty concerning international trade.

In light of this, in the first half of the year, a customer with 20 years to retirement and medium risk received a 0.8 per cent return.

“So far, 2025 has been a challenging year, with the financial markets moving with large fluctuations,” Kaagaard noted.

“Therefore, I am very pleased that we have delivered positive returns to all our typical customer profiles in Danica Balance in the range of 0.5-1 per cent.

“Over five years, we have delivered a stable high return to our customers of approximately 10 per cent per year, and this is after all in a period that has also presented plenty of challenges in the world.

“So, overall, we have to say that our investment strategy works in terms of delivering competitive returns to our customers.”

In 2024, Danica's customers received the highest return of the largest commercial pension companies across all customer profiles.

Over the past five years, the return for a typical customer profile is 49.2 per cent, which Danica said places it ahead of the largest commercial companies.

Danica Balance is the main market‑based pension scheme offered by Danica Pension.

---