SH Pension: Positive development in the first half of 2023

16 August 2023

SH Pension reports a strong return of 5.2 percent for the first half of 2023 with positive development across assets, especially shares. SH Pension continues the journey of success with a diversified portfolio and the intermediary cooperation with Portfolio Försäkra.

The return in SH Pension’s traditional management amounted to 5.2 percent in the first half of 2023. All asset classes have had a positive development and especially stocks have performed strongly. The result of SEK 299 million is mainly affected by developments in the financial markets. Premium volumes in traditional management rose by 84 percent in the first half of the year compared to the same period last year, and if we look at the total premium volume increase, including unit-linked insurance, it rose by 58 percent. The total return for the last 5 years has been 5.54 percent on average and if we look over longer time periods it has been 6.88 percent (10 years) and 6.27 percent (15 years). In occupational pension associations, it is the risk-sensitive capital requirement ratio (RKK) that shows the company’s stability and strength. RKK amounted to 181, compared to 188 at the turn of the year. The collective consolidation rate amounted to 120 percent, with 118 percent at the turn of the year.

– SH Pension has a good mix in the portfolio with both shares, interest, directly owned properties and alternative investments, which is good for risk diversification and the total return stands up very well given the comparison index. Our growth journey has begun and we have good premium development, says CEO Annelie Helsing. We see the biggest increase in our intermediary collaboration with Portfolio Försäkra and we look forward to continuing that journey.

Highlights in the first half of 2023:

  • Positive development on all asset types in SH Pension’s traditional management
  • Stable repayment rate, which is now 7 percent.
  • Premiums have increased by 84 percent for traditional management compared to the first

    half of 2022.
  • SH Pension has deepened the collaboration with the asset manager Mercer to ensure

    a good return and reduced risks.
  • Good premium development in SH Pension’s intermediary collaboration with Portfolio Försäkra
Source: SH Pension
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