Financial information

Financial calendar

  • February 19, 2021  Q4 2020 report
  • March 19, 2021 Annual report 2020
  • May 12, 2021 Q1 report
  • August 24, 2021 Q2 report
  • November 5, 2021 Q3 report

KLP Group - Financial Reports

Quarterly Report
Q1/2021
Q1/2021 (PDF)
Q2/2021
Q2/2021 (PDF)
Q3/2021
Q3/2021 (PDF)

Presentation
Q1/2021
Q2/2021
Q3/2021

Subsidiaries - Financial Reports

KLP Banken - Quarterly Report
Q1/2021
Q2/2021
Q3/2021

KLP Kommunekreditt - Quarterly Report
Q1/2021
Q2/2021
Q3/2021

KLP Boligkreditt - Quarterly Report
Q1/2021
Q2/2021
Q3/2021
 

KLP Group - Financial Reports

Quarterly Report
Q1/2020
Q2/2020
Q3/2020
Q4/2020

Annual report 2020
Annual report 2020 (PDF)

KLP SFCR
KLP Group SFCR

Presentation
Q1/2020
Q2/2020
Q3/2020
Q4/2020

Subsidiaries - Financial Reports

KLP Banken - Quarterly Report
Q1/2020
Q2/2020
Q3/2020
Q4/2020

Annual report

KLP Kommunekreditt - Quarterly Report
Q1/2020
Q2/2020
Q3/2020
Q4/2020

Annual report

KLP Boligkreditt - Quarterly Report
Q1/2020
Q2/2020
Q3/2020
Q4/2020

Annual report

KLP Group - Financial Reports

Quarterly Report
Q1/2019
Q2/2019
Q3/2019
Q4/2019

Annual report 2019

KLP Group SFCR

KLP SFCR

Presentation
Q1/2019
Q2/2019
Q3/2019
Q4 2019

Subsidiaries - Financial Reports

KLP Banken - Quarterly Report
Q1/2019
Q2/2019
Q3/2019
Q4/2019
Annual report 2019

KLP Kommune­kreditt - Quarterly Report
Q1/2019
Q2/2019
Q3/2019
Q4/2019
Annual report 2019

KLP Bolig­kreditt - Quarterly Report
Q1/2019
Q2/2019
Q3/2019
Q4/2019
Annual report 2019

KLP Group - Financial Reports

Quarterly Report

Q1/2018
Q2/2018
Q3/2018
Q4/2018

Annual report 2018

Presentation

Q1/2018
Q2/2018
Q3/2018
Q4/2018

Subsidiaries - Financial Reports

KLP Banken - Quarterly Report

Q1/2018
Q2/2018
Q3/2018
Q4/2018

Annual report 2018

KLP Kommune­kreditt - Quarterly Report

Q1/2018
Q2/2018
Q3/2018
Q4/2018

Annual report 2018

KLP Bolig­kreditt - Quarterly Report

Q1/2018
Q2/2018
Q3/2018
Q4/2018

Annual report 2018

SRI - Reports

Climate Certificate - Annual report


Solvency and Financial Condition Report (SFCR)
KLP Group - SFCR 2018
KLP - SFCR 2018

KLP Group - Financial Reports

Quarterly Report
Q1/2017
Q2/2017
Q3/2017
Q4/2017

Annual report 2017

Presentation
Q1/2017
Q2/2017
Q3/2017
Q4/2017

Subsidiaries - Financial Reports

KLP Banken
Q1/2017
Q2/2017
Q3/2017
Q4/2017
2017

KLP Kommunekreditt
Q1/2017
Q2/2017
Q3/2017
Q4/2017
2017

KLP Boligkreditt
Q1/2017
Q2/2017
Q3/2017
Q4/2017
2017

SRI - Reports
Climate Certificate

Solcency and Financial Condition Report
KLP Group - SFCR 2017
KLP - SFCR 2017

KLP Group - Financial Reports

Quarterly Report
Q1/2016
Q2/2016
Q3/2016
Q4/2016
2016

Presentation
Q1/2016
Q2/2016
Q3/2016
Q4/2016

Subsidiaries - Financial Reports

KLP Banken
Q1/2016
Q2/2016
Q3/2016
Q4/2016
2016

KLP Banken - Management report
2016

KLP Kommunekreditt
Q1/2016
Q2/2016
Q3/2016
Q4/2016
2016

KLP Boligkreditt
Q1/2016
Q2/2016
Q3/2016
Q4/2016
2016


SRI - Reports

Climate Certificate
2016

Solvency and Financial Condition Report
KLP Group - SFCR 2016
KLP - SFCR 2016

KLP Group - Financial Reports

Quarterly Report
Q1/2015
Q2/2015
Q3/2015
Q4/2015
2015

Presentation
Q1/2015
Q2/2015
Q3/2015
Q4/2015
2015

Subsidiaries - Financial Reports

KLP Banken
Q1/2015
Q2/2015
Q3/2015
Q4/2015
2015

KLP Banken - Management report
2015

KLP Kommunekreditt
Q1/2015
Q2/2015
Q3/2015
Q4/2015
2015

KLP Boligkreditt
Q1/2015
Q2/2015
Q3/2015
Q4/2015
2015

KLP Skadeforsikring
2015

SRI - Reports
Climate Certificate
2015

KLP Group - Financial Reports

Quarterly Report
Q1/2014
Q2/2014
Q3/2014
Q4/2014
2014

Presentation
Q1/2014
Q2/2014
Q3/2014
Q4/2014

Subsidiaries - Financial Reports

KLP Banken
Q1/2014
Q2/2014
Q3/2014
Q4/2014
2014

KLP Kommunekreditt
Q1/2014
Q2/2014
Q3/2014
Q4/2014
2014

KLP Boligkreditt
Q3/2014
Q4/2014
2014

KLP Skadeforsikring
2014
 

SRI - Reports

Climate Certificate
2014

KLP Group - Financial Reports

Quarterly Report
Q1/2013
Q2/2013
Q3/2013
Q4/2013
2013

Presentation
Q1/2013
Q2/2013
Q3/2013
Q4/2013


Subsidiaries - Financial Reports

KLP Banken
Q1/2013
Q2/2013
Q3/2013
Q4/2013
2013

KLP Kommunekreditt
Q1/2013
Q2/2013
Q3/2013
Q4/2013
2013

KLP Skadeforsikring
2013


SRI - Reports
Climate Certificate
2013

KLP Group - Financial Reports

Quarterly Report
Q1/2012
Q2/2012
Q3/2012
Q4/2012
2012

Presentation
Q1/2012
Q2/2012
Q3/2012
Q4/2012


Subsidiaries - Financial Reports

KLP Banken
Q1/2012
Q2/2012
Q3/2012
Q4/2012
2012

KLP Kommunekreditt
Q1/2012
Q2/2012
Q3/2012
Q4/2012
2012

KLP Skadeforsikring
2012

SRI - Reports
Climate Certificate 2012
CDP 2012

KLP Group - Financial Reports

Quarterly Report
Q1/2011
Q2/2011
Q3/2011
Q4/2011
2011

Presentation
Q1/2011
Q2/2011
Q3/2011
Q4/2011

Subsidiaries - Financial Reports

KLP Banken
Q3/2011
Q4/2011
2011

KLP Kommunekreditt
Q1/2011
Q2/2011
Q3/2011
Q4/2011
2011

KLP Kreditt
2011

KLP Skadeforsikring
2011

SRI - Reports
Climate Certificate 2011
CDP 2011

Non-financial reports
Sustainability report CO2 2011

SRI - Reports
1/2011
2/2011

KLP is a mutual insurance company, in other words, our insurance customers are also our owners. And as owners our customers have a special interest in KLP's financial strength and earnings.

Therefore KLP gives great priority to providing its customers and owners with a competitive, but at the same time stable, return on their pension savings. The Company places emphasis on building the financial strength that provides the necessary freedom to take calculated risks in financial management.

KLP's risk profile

KLP has an investment mix in which almost 15 per cent is invested in the equity markets where both the earnings opportunities and risks associated with the investments are greatest. As a balancing factor almost 50 per cent of the remainder is invested in stable investments that provide good current returns. These are generally hold-to-maturity bonds, lending with good collateral and investments in high quality property with long leases. The remainder of the financial portfolio comprises mainly short term bonds and money-market investments.

KLP continuously monitors its risk picture and follows a trading rule that triggers reduction of the most risk-exposed financial investments in falling markets, whereas good markets provide the freedom to increase the risk in the portfolio.

Low costs

The objective is to make the asset management as efficient and cost-saving as possible. KLP has therefore developed advanced models that make it possible to run what is known as index-tracking management at very low cost. Index-tracking management means that one invests in securities portfolios with a value gradient barely deviating from the value gradient in the market in which one is investing, whether it is the Oslo Børs, the New York Stock Exchange or an international bonds market. The majority of our international securities investments aim to follow the markets, not to beat them.

But we also have a specialised team whose task is to manage smaller, specialised securities portfolios in which the aim is to select individual securities or industries with better development than the average in the market - and in this way to create an additional return.

Cost-effective funds for everyone

KLP’s index-tracking management also forms the building blocks in KLP Kapitalforvaltning's index-tracking funds, which have received a broad and good acceptance in the market.

Not only can broader customer groups enjoy the benefits of KLP's expertise in index-tracking management, but it also contributes to spreading the management costs across a larger number of customers - which produces a more reasonable pension product.

Since 2004 the credit rating bureau Standard & Poor’s has rated KLP. From the beginning KLP has achieved an A- rating. In connection with KLP Kommunekreditt's establishment of an international borrowing programme for covered bonds KLP has from 2010 been assessed by Moody’s Investor Services.

COMPANY FSR* CCR** FUTURE PROSPECTS

KLP 

A-

A-

Stable

* FSR: Financial Strength Rating
** CCR: Counterparty Credit Rating
www.standardandpoors.com

Moody's
COMPANY * RATING PROSPECTS

KLP

A2

  

Stable

KLP Banken

  

A2

Stable

KLP Kommunekreditt covered bonds

  

Aaa

Stable

KLP Boligkreditt covered bonds

  

Aaa

Stable

* IFSR: Insurance Financial Strength Rating

www.moodys.com

The documents listed below show an overview of the key figures from KLP.

Years and key figures
2010
2009
2008
2007
2006
2005
2004

Financial year 2020

Quarterly Report Q4 – 10.02.2021
Annual Report – 10.03.2021

Financial year 2021

Quarterly Report Q1 – 28.04.2021
Quarterly Report Q2 – 12.08.2021
Quarterly Report Q3 – 27.10.2021

Here you will find the listing document

Quarterly presentation

Quarterly presentation Q3 2021
Quarterly presentation Q2 2021
Quarterly presentation Q1 2021
Quarterly presentation Q3 2020
Quarterly presentation Q2 2020
Quarterly presentation Q1 2020
 

Rating


Credit Opinion Moodys

KLP Banken AS bonds

Bonds KLP Banken AS    
LOAN NUMBER BOND AGREEMENT NORDIC TRUSTEE TERM SHEET
NO0010836935 PDF PDF
NO0010721046 PDF PDF
NO0010740210 PDF PDF
NO0010755770 PDF PDF

Contact

Christopher Steen
Head of Treasury
+47 952 24 953

Here you will find:

Cover pool information

Rating reports

KLP Kommunekreditt AS covered bonds issued

Covered bonds issued
COVERED BONDS COVERED BONDS AGREEMENT/TRANCHE 1 TRANCHE 2  
NO0010756711 PDF    
NO0010868771 PDF PDF  
NO0010787997 PDF    
NO0010793573 PDF    
NO0010835473 PDF    
NO0010881949 PDF PDF  
NO0011140428 PDF    

Contact

Christopher Steen
Head of Treasury
+47 952 24 953

Here you will find:

Cover pool information


Rating

 

KLP Boligkreditt AS covered bonds

Covered bonds issued
LOAN NUMBER COVERED BONDS AGREEMENT SECURITIES NOTES
NO0011147076 PDF  
NO0010877772 PDF  
NO0010864606 PDF PDF + PDF
NO0010822380 PDF PDF + PDF
NO0010881501 PDF PDF
NO0011019010 PDF PDF

Contact

Christopher Steen
CEO
+47 952 24 953