KPA Pension AUM climb to SEK 244bn in Q1 2021

KPA Pension’s assets under management increased by SEK 21bn to SEK 244bn in the first quarter of 2021, with a total return on capital of 4.6 per cent.

This represents a 21 per cent annual increase as KPA’s assets under management stood at SEK 201bn at the same point in 2020, with KPA citing the recovery of stock exchanges as having allowed it to strengthen its financial position.

A further example of this was the solvency ratio improving further during the first quarter and reaching 188 per cent, compared with 155 per cent after the first quarter of 2020.

Premium income was stable, amounting to SEK 11bn for KPA Pensionsförsäkring AB, which was roughly on a par with the first quarter of the previous year.

KPA Pension, which serves Sweden’s local government sector and manages pensions for almost two million people, also highlighted the quarter had seen Camilla Larsson take over as CEO, the adoption of new climate targets for KPA’s asset portfolios and the company being named most sustainable pension company by the Sustainable Brand Index for the tenth year in a row.

From a sustainability perspective, the company has managed to slash carbon dioxide emissions from its own operations from 104 in 2018 to 11.5 in the first quarter of 2021, while the carbon footprint of its equity portfolio dropped from 10.9 tonnes of carbon dioxide per million SEK to 6.7 tonnes over the same period of time.

Additionally, KPA revealed that its properties’ annual energy consumption had dropped from 113 kWh per square meter to 99.4.

KPA Pension CEO, Camilla Larsson, said: “We start the year strong and increase our customers' pension capital through investments that are characterised by both good returns and care for people and the environment in line with our vision that our customers should feel safe in a sustainable world.”

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