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
Reports
2020
KLP Group - Financial Reports
Quarterly Report
Q1/2020
Q2/2020
Q3/2020
Q4/2020
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
2019
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
2018
KLP Group - Financial Reports
Quarterly Report
Q1/2018
Q2/2018
Q3/2018
Q4/2018
Presentation
Q1/2018
Q2/2018
Q3/2018
Q4/2018
Subsidiaries - Financial Reports
KLP Banken - Quarterly Report
Q1/2018
Q2/2018
Q3/2018
Q4/2018
KLP Kommunekreditt - Quarterly Report
Q1/2018
Q2/2018
Q3/2018
Q4/2018
KLP Boligkreditt - Quarterly Report
Q1/2018
Q2/2018
Q3/2018
Q4/2018
SRI - Reports
Climate Certificate - Annual report
Solvency and Financial Condition Report (SFCR)
KLP Group - SFCR 2018
KLP - SFCR 2018
2017
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
2016
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
2015
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
2014
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
2013
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
2012
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
2011
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
2010
KLP Group - Financial Reports
Quarterly reports
Q1/2010
Q2/2010
Q3/2010
Q4/2010
2010
Presentations
Q1/2010
Q2/2010
Q3/2010
Q4/2010
Subsidiaries - Financial Reports
KLP Banken
2010
KLP Kommunekreditt
Q3/2010
Q4/2010
2010
KLP Kreditt
2010
KLP Skadeforsikring
2010
SRI - Reports
1/2010
2/2010
Corporate Responsibility - Reports
Investment policy
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.
Rating
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
| 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
Key figures
The documents listed below show an overview of the key figures from KLP.
Years and key figures
2010
2009
2008
2007
2006
2005
2004
Investor information KLP Banken (Group)
Financial calendar KLP Banken (Group)
Financial year 2018
Quarterly Report Q4 – 06.02.2019
Annual Report – 13.03.2019
Financial year 2019
Quarterly Report Q1 – 03.05.2019
Quarterly Report Q2 – 14.08.2019
Quarterly Report Q3 – 23.10.2019
KLP Banken AS
Here you will find the listing document
Investor presentation
Investor presentation May 2016
Quarterly presentation
Quarterly presentation Q3 2020
Quarterly presentation Q2 2020
Quarterly presentation Q1 2020
Quarterly presentation Q4 2019
Quarterly presentation Q3 2019
Quarterly presentation Q2 2019
Quarterly presentation Q1 2019
Quarterly presentation Q3 2018
Quarterly presentation Q2 2018
Quarterly presentation Q1 2018
Quarterly presentation Q4 2017
Rating
Rating Action Moodys 18.08.2016
Credit Opinion Moodys
KLP Banken AS bonds
| LOAN NUMBER | BOND AGREEMENT NORDIC TRUSTEE | TERM SHEET |
|---|---|---|
| NO0010836935 | ||
| NO0010833924 | ||
| NO0010721046 | ||
| NO0010740210 | ||
| NO0010755770 |
Contact
Christopher Steen
Head of Treasury
+47 952 24 953
KLP Kommunekreditt AS
Here you will find:
- the Registration Document
- the Base Prospectus
- Ammended Agreement
- a translated version of the "Summons of Bondholder Meeting 17.06.2016"
- Notice from the Bondholder Meeting 01.07.16
Investor presentation
Quarterly presentations (including Cover pool information)
- Querterly presentation Q1 2019
- Quarterly presentation Q3 2018
- Quarterly presentation Q2 2018
- Quarterly presentation Q1 2018
- Quarterly presentation Q4 2017
Rating reports
KLP Kommunekreditt AS covered bonds issued
| COVERED BONDS | COVERED BONDS AGREEMENT/TRANCHE 1 | SECURITIES NOTES/TRANCHE 2 | |
|---|---|---|---|
| NO0010592900 | |||
| NO0010756711 | |||
| NO0010774474 | |||
| NO0010787997 | |||
| NO0010793573 | |||
| NO0010835473 | |||
| NO0010881949 |
Contact
Christopher Steen
Head of Treasury
+47 952 24 953
KLP Boligkreditt AS
Here you will find:
Investor presentation
Quarterly presentations
- Quarterly presentation Q1 2019
- Quarterly presentation Q3 2018
- Quarterly presentation Q2 2018
- Quarterly presentation Q1 2018
- Quarterly presentation Q4 2017
Cover pool information
- Cover pool Q3 2020
- Cover pool Q2 2020
- Cover pool Q1 2020
- Cover pool Q4 2019
- Cover pool Q3 2019
- Cover pool Q2 2019
- Cover pool Q1 2019
- Cover pool Q3 2018
- Cover pool Q2 2018
- Cover pool Q1 2018
- Cover pool Q4 2017
Rating reports
KLP Boligkreditt AS covered bonds
| LOAN NUMBER | COVERED BONDS AGREEMENT | SECURITIES NOTES |
|---|---|---|
| NO0010723018 | ||
| NO0010747553 | ||
| NO0010729486 | ||
| NO0010822380 | ||
| NO0010881501 |
Contact
Christopher Steen
CEO
+47 952 24 953