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Danica Pension International

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Danica Pension International

Overview:

With more than 600,000 customers, we are one of the largest pension providers in Denmark. We have specialised in pension schemes, life insurance and health insurance, and our total pension funds amount to DKK 281 billion, with annual contributions upwards of DKK 24 billion.

Backed by a group
Danica Pension is a wholly-owned subsidiary of the Danske Bank Group. In 2010, we contributed to the Group's earnings with a profit before tax of DKK 2.3 billion. Our ten regional offices are situated in major cities around Denmark, and we have subsidiaries in Norway, Sweden and Ireland.

More than 900 employees in four countries
We have around 800 employees in Denmark and 130 employees in our foreign subsidiaries. The company is headed by CEO Jørgen Klejnstrup, who, together with Jesper Winkelmann, makes up the Executive Board of Danica Pension.

Handsome investment returns
2010 saw favourable investment returns. The investment returns on the market products Danica Balance and Danica Link totalled DKK 4.8 billion, or 12.9% before tax on pension returns. The return on traditional products was 5.8%.

Socially responsible
Making socially responsible investments is very important to us. For instance, we never invest customers' pension funds in companies that deliberately violate international standards on human rights, environmental protection, employee rights and anti-corruption. We also participate in the CR programme of the Danske Bank Group on sustainability.

Easy to understand
In recent years, we have made efforts to ensure openness on issues that are of interest to our customers. By launching a wide range of initiatives, we have for instance established complete openness about all expenses and returns, and we are currently working on a major project aiming to ensure that we always speak and write to our customers in an easy-to-understand language.

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