AMWatch

Divestment of Swedish pension business doubles Danica's profits

Danske Bank's pension division Danica reports more than a doubling of its profits before tax in the first nine months of the year compared to the same period the year before. The development is mainly thanks to the divestment of Danica Pension Sweden, which was fully completed in the second quarter. However, the total payment of premiums is down.

Danica CEO Ole Krogh Petersen. | Photo: PR/Danica

Danica Pension reports a remarkable increase in profits before tax; from EUR 161.5m last year to EUR 366.7m this year.

This significant growth is mainly thanks to the divestment of Danica Pension Sweden, which was completed in Q2.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Oil fund 2021 returns almost reach 15 percent

The three last years have been the best in the sovereign wealth fund's history, in NOK terms. CEO Nicolai Tangen and Deputy CEO Trond Grande don't expect the same good times going forward, however.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch