2024 was a year with a good return for SH Pension’s traditional insurance of 9.1 percent. During the year, important decisions were also made about the strategic direction of asset management going forward. SH Pension believes that it is possible to achieve higher returns through better risk diversification and somewhat more aggressive investments.
SH Pension is now summing up 2024, and it is a year in which traditional insurance showed strength. The total return amounted to 9.1 percent for the full year and the bonus rate has averaged 5.7 percent. Currently, the bonus rate is a full 6 percent and has been so since last spring.
– 2024 was a turbulent year with war, elections in the US, disinformation and deliberate attempts to spread concern. Despite this, our traditional insurance has continued to show strength with a really good return. And that is exactly what it is meant to be, traditional insurance should be a safe and stable choice over time, says Annelie Helsing, CEO of SH Pension.
A strong contributing factor is the exposure to global equities, which despite the concerns had very good returns. Mainly due to declining inflation, but also to expectations of expansionary economic policies in the US, among others. Our savers received a further boost through the currency strategy we have chosen for foreign equities. This means that even customers who have chosen unit-linked insurance received a good return.
New strategic direction for the portfolio
At the end of the year, we decided on a new investment strategy that we expect will yield even better returns over time in our traditional insurance. It involves slightly more aggressive investments, without compromising on security and stability.
– The goal is to create a higher return over time than the large mutual alternatives. The most important change is that we will gradually reduce the proportion of directly owned properties. This gives us the opportunity to continue investing in alternative investments. Properties have been a good investment historically, but we believe that alternative investments can provide a higher return going forward and at the same time have a stabilizing effect. The change, which is now beginning, will also enable us to lower our costs and further strengthen the sustainability of the management, says Annelie Helsing.
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