KLP: Strong results in Q4

– The good results allow us to add NOK 37.7 billion to the customers' premium fund and strengthen the customers' buffer fund with NOK 13.9 billion, says CEO Sverre Thornes at KLP.

Greater choice – greater need for good guidance

The new pension rules that came into effect from the New Year for those born in 1963 or later give employees of KLP's customers greater freedom to combine work and pension. KLP's new pension calculator now makes it possible for these individuals to make good choices for their own future. KLP is investing in new technology, including artificial intelligence and cloud-based solutions, to continuously improve services, increase security, and reduce costs.

Continued climate commitment

As the first company in Norway, KLP has had its climate targets approved under the international climate framework SBTi's (Science Based Targets initiative) new standard for financial institutions, with a goal of net zero emissions by 2050. The approval underscores KLP's commitment to investing in line with the climate goals of the Paris Agreement.

– As a long-term investor, KLP has a great interest in supporting companies that take climate challenges seriously. The approval of our climate targets is an important confirmation that our plans are ambitious and concrete and will help reduce emissions in line with the Paris Agreement, says Thornes.

You can read the full report here.

Key facts for the fourth quarter:

• 9.0 percent return on pension funds in the common portfolio and 1.8 percent in the fourth quarter.
• NOK 37.7 billion added to the customers' premium fund.
• The customers' buffer fund strengthened by NOK 13.9 billion.
• The solvency margin for the Group is 298 per cent