KLP is Norway's largest pension company

KLP's first-quarter figures are characterised by turbulent markets. The return was 0.0 percent, resulting in a customer result of minus NOK 3.9 billion. The company's profit was NOK 160 million. KLP has built up solid buffers to deal with such negative periods.  

KLP ended 2024 with strong results in all business areas. The return on pension funds in the common portfolio was 1.8 percent for the quarter. This contributed to an annual return of 9 percent.

KLP and the KLP Funds (KLP) have decided to exclude Caterpillar Inc from their investment portfolios due to the risk that the US company may be contributing to human rights abuses and violation of international law in the West Bank and Gaza.

KLP’s good results from 2023 are being maintained into 2024, and the company can show a solid return on the pension assets in the first quarter of the year.

Good returns in 2023 allowed KLP to return NOK 21.4 billion to Norwegian local municipalities and healthcare customers this year. 

KLP has delivered solid results so far this year after a quarter marked by generally weak growth in the financial and property markets.

KLP delivered an investment result of NOK 13.2 billion in the first quarter. 

Weak financial markets persisted for the whole of last year, but solid buffers and higher interest rates give room to transfer NOK 3.2 billion to customers premium funds.

KLP maintains good financial strength in the face of a demanding market so far this year.

Kommunal Landspensjonskasse (KLP) will from today not receive rating service from Standard & Poor’s.

KLP and the KLP Funds have decided to exclude the two US companies Core Civic and GEO Group for violating human rights and labour rights at their refugee reception centres

KLP achieved an investment result (the return in excess of that guaranteed by the company to its customers) of NOK -20.3 (7.2) billion in the second quarter. The return on the common portfolio was -2.1 per cent year to date.

KLP’s first-quarter results were affected by weaker equity markets and higher interest rates. Good buffers built up in good times provide stability our fund management, and the rise in interest rates we are now seeing will result in higher revenues going forward. The first quarter saw large inflows into KLP’s funds, making the company the largest in Norway in sales to the retail market.  

• Value-adjusted return: 1.1 per cent for the quarter and 5.6 per cent so far this year
• Book returns so far this year are 3.5 per cent
• Good profit contribution from the subsidiaries

• Value-adjusted return: 2.9 per cent for the quarter and 4.4 per cent for the first half-year
• Good profit contribution from the subsidiaries