With more than 600,000 customers, we are one of the largest pension providers in Denmark. We have specialised in pension schemes, life insurance and health insurance, and our total pension funds amount to DKK 311 billion, with annual contributions upwards of DKK 27 billion.
Backed by a group
Danica Pension is a wholly-owned subsidiary of the Danske Bank Group. In 2011, we contributed to the Group’s earnings with a profit before tax of DKK 733 billion. Our ten regional offices are situated in major cities around Denmark, and we have subsidiaries in Norway and Sweden.
More than 850 employees in three countries
We have around 850 employees in Danica Pension. The company is headed by CEO Per Klitgård, who, together with Jesper Winkelmann, makes up the Executive Board of Danica Pension.
Satisfying investment results
2011 was a difficult year with volatile markets and political uncertainty in Europe. Therefore, returns on market products were slightly negative by 2.5 percent. However, 1-year returns on pensions should be treated cautiously. The long perspective is important to keep in mind and the average yearly returns on market products on a 3-year period are around 10 percent. The 2011-return on traditional products was 6.8 percent.
Making socially responsible investments is very important to us. For instance, we never invest customers' pension funds in companies that deliberately violate international standards on human rights, environmental protection, employee rights and anti-corruption. We also participate in the CR programme of the Danske Bank Group on sustainability.
Easy to understand
In recent years, we have made efforts to ensure openness on issues that are of interest to our customers. By launching a wide range of initiatives, we have for instance established complete openness about all expenses and returns, and we are currently working on a major project aiming to ensure that we always speak and write to our customers in an easy-to-understand language.