Norwegian public sector pension company KLP returned 5.7 per cent on its investments in the first nine months of 2026, its latest results report has shown.

The positive performance has provided a surplus of NOK 37.4bn for the pension company’s customers.

In the third quarter, its return on pension assets in the collective portfolio was 0.9 per cent amid “turbulent” financial markets.

KLP said that rising interest rates, geopolitical unrest, and fluctuations in technology stocks had dampened equity performance in Q3.

“We invest long-term on behalf of our customers, and are well prepared for periods of turmoil in the financial markets,” stated KLP CEO, Sverre Thornes.

“The results so far this year show the importance of broad and long-term management of pension assets.”

At the end of the third quarter, 45 per cent of KLP's financial assets were invested in climate-friendly investments.

In Q3, KLP invested a net NOK 1.2bn in climate and nature solutions, primarily in renewable energy, bringing its year-to-date responsible investments up to NOK 4bn.

“The need for investments in energy, power grids and other climate and nature solutions is great,” said Thornes.

“The investment in Lofotkraft is a good example of how we can invest long-term in socially critical infrastructure and at the same time obtain an attractive investment on behalf of our customers.”

KLP Kapitalforvaltning was seeing high growth among KLP’s funds, with net new subscriptions amounting to NOK 38.3bn, including NOK 9.7bn of new subscriptions from retail customers.

“We are pleased with the strong growth and that more and more customers are choosing our funds,” said Thornes.

“It shows that we are successful in offering high-quality funds at favourable prices to people other than our pension customers.”

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