Financial information

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

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

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

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 2021

Quarterly Report Q4 – 08.02.2022
Annual Report – 09.03.2022

Financial year 2022

Quarterly Report Q1 – 27.04.2022
Quarterly Report Q2 – 11.08.2022
Quarterly Report Q3 – 25.10.2022

KLP Banken AS

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
NO0010836935	PDF
NO0010843683	PDF
NO0011033003	PDF
NO0012525031	PDF

Contact

Christopher Steen
Head of Treasury
+47 952 24 953

KLP Kommunekreditt AS

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
NO0010868771	PDF	PDF
NO0010787997	PDF
NO0010835473	PDF
NO0010881949	PDF	PDF
NO0011140428	PDF

Contact

Christopher Steen
Head of Treasury
+47 952 24 953

KLP Boligkreditt AS

Here you will find:

The registration document

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
NO0012550179	PDF

Contact

Christopher Steen
CEO
+47 952 24 953