Swedish insurance and occupational pension companies' assets decreased by almost SEK 197bn in the first quarter of 2025 (Q1), according to Insurance Sweden, equating to a 2.6 per cent drop.

At the end of Q1, Swedish insurance and occupational pension companies had total assets of SEK 7,544bn.

“The decrease in the size of the assets is mainly due to the decline in the stock market during the quarter as a result of President Trump's imposition of tariffs and threats of further tariffs,” Insurance Sweden economist, Jonas Söderberg, said.

The assets of occupational pension companies at the end of March 2025 amounted to SEK 3.167bn, a decrease of 1.1 per cent (SEK 36bn). The size of life insurance companies' assets was SEK 3.884bn, representing a decrease of 3.8 per cent (SEK 154bn).

For life insurers, assets in unit-linked insurance decreased by 6.9 per cent and in deposit insurance by 2.1 per cent in Q1. By contrast, assets in traditional life insurance remained broadly unchanged (-0.3 per cent).

For occupational pension companies, unit-linked insurance decreased by 5.9 per cent and traditional life insurance by 0.6 per cent during the quarter.

“In unit-linked and custodial insurance, the share of equities and equity funds is higher, which largely explains why these decreased more than traditional life insurance during the quarter,” Söderberg explained.

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