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KLP secures 'solid returns' for Q1 2021

Written by Adam Cadle
12/05/2021

KLP has secured “solid returns” of NOK 4.7bn in Q1 2021, with value-adjusted returns on customers’ funds of 1.5% and a book return of 1.4%.

The group’s Q1 financial figures confirmed that it had received premium income, excluding transferred reserves, of NOK 7bn, whilst paid pensions and other claims totalled NOK 5.3bn, and total assets reached NOK 814bn.

In addition to this, it noted that its subsidiaries, KLP Skadeforsikring, KLP Banken and KLP Kapitalforvaltning, have developed “very well” during the period, strengthening their market position and delivering a combined result of NOK 140m.

Commenting on the results, KLP CEO Sverre Thornes said: “We can enjoy a good result with stable operations and good returns for our customers.

"Solid returns in the stock market contributed well to KLP's result in the first quarter.”

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