Nordea Liv has reported a strong end to 2025, supported by solid portfolio returns, positive market conditions and continued growth across pensions and life insurance.

The insurer recorded a pre-tax profit of NOK 1,767m for the full year, up 3 per cent on 2024.

Profit for the fourth quarter alone reached NOK 496m, representing a 13 per cent increase compared with the same period a year earlier.

Premium income for 2025 totalled NOK 36.5bn, reflecting growth of 5 per cent, while assets under management stood at NOK 284bn at the end of the fourth quarter, up 13 per cent year on year.

Commenting on the results, Nordea Liv interim chief executive officer, Maria Seim, said the company had delivered a particularly strong finish to the year.

“We have delivered solid results in 2025, with a particularly strong finish in the last quarter of last year,” she continued.

“Good returns in the portfolios and positive market developments have contributed to the results, while we are growing within pensions and life insurance.”

Investment performance was a key contributor to results, with Nordea Liv reporting good returns across its portfolios during 2025.

Seim noted that several of the company’s most widely used pension profiles were among the best-performing in the market.

“Good returns are crucial for customers’ pensions over time.

“Several of our most used pension profiles were among the best in the market in 2025, and this directly benefits customers.”

Meanwhile, interest in individual pension savings (IPS) increased significantly over the year, with sales accelerating after the government budget was presented.

The strongest growth was recorded in the fourth quarter, with December marking the strongest IPS month on record in terms of assets under management.

Nordea Liv said two-thirds of IPS sales during the year were completed digitally, reflecting the impact of new digital purchasing solutions and higher savings limits.

“With increased savings limits and new digital purchasing solutions, IPS has become more accessible to more customers,” Seim observed.

“We see this clearly in the sales development towards the end of the year.”

Within self-selected pension accounts, the insurer continued to gain market share, with assets under management rising to NOK 22.5bn.

This corresponds to a market share of 29 per cent.

Looking ahead, Seim said Nordea Liv was well-positioned for further expansion.

“With strong underlying operations and increased digital availability, we are well-positioned for further growth in 2026,” she added.

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