Futur Pension was born digital, and with a passion for building strong customer relations. From the very foundation of the company in 1999, we have been a forerunner in insurtech. At that time, we were the Swedish link of Danish Danica Pension. We can thus combine a long insurance tradition with a new, modern way of working and a cost-effective administration.
Futur Pension is a Swedish life insurer operating like a fintech with a capital-light and self-financing business model. We are focusing on providing exclusively unit-linked life insurance policies and pensions to private and corporate clients.
Embracing change, and with a customer centric attitude, our systems are an extension of our thinking. As the cost and service leader in Sweden, Futur Pension excels with its fully digitalized client interaction on our cloud-based IT infrastructure. The cost ratio outperforms the whole Swedish life insurance market, and the unreachable competitive advantage expands every year by default.
The platform framework is built on latest Microsoft technology and the Angular platform for building mobile and desktop web applications, developed by Google. It gives us world class speed and performance. The scalability permits us to grow and extend our offering or handle new demands from our customers rapidly. When combined with a domain-driven and sometimes event-driven architecture we can instantly trace and react to any changes made within our systems.
It is important for us to be independent. We have no funds of our own and are not tied to any fund managers. The selection of funds offered, is made in consultation with independent valuation institutions. Our primary focus is on creating insurance solutions that appeal to our customers, and create a positive experience, now and in the future.
Being an independent business gives us a unique position in the market. With our own technical platform, we have a long history of acting autonomously and being able to develop our offers according to the needs of our customers. Our field is the long-term savings, where simplicity in our processes and security in technology and regulations will create safety and trust. To always be ahead and to find the most optimal solutions for our customers and partners is our driving force.
Every day we do our best to make every encounter with us a positive experience. That is what characterises all we do for our partners, customers and colleagues. That is the ambition in every service or product we develop. Our vision embraces everything we stand for and believe in. It is not just a guide for what we do and how we do it, but a description of the role that we play for people, now and in the future.
Our values describe the behaviours we praise and help us realise our vision. They also guide us in our daily work.
To create a positive experience, now and in the future, is our vision. This vision is most definitely reflected in our sustainability approach. It revolves around savings and Futur Pension as a workplace and employer. The foundation of our work is built on the national and international laws and guidelines, and the development goals regarding sustainability. To mention a few examples; we have joined the UN Global Compact, we are members of Swesif and we have signed the UN PRI.
Fulfilling our vision is not just about a fair, ethical and respectful approach. It is just as much a responsibility. A responsibility for what we create today should live up to these expectations in 10, 20 or 30 years. In order for this to happen, it takes honesty, transparency and a long-term commitment.
We are convinced that the better information we provide to our customers about how their investments will affect the environment, social matters and corporate governance, the better investment decisions they will make. Working actively for this objective along with our partners is the most significant way for us to support a sustainable development. By doing so, we can contribute to a sustainable development with our assets under management of 100 billion SEK.
Setting an example
We follow our own values and ambitions in order to create a better customer experience, which includes our product offers and attitudes, an environmentally and financially sound society, and a company with high aspirations when it comes to work environment, equality, diversity and caring for our climate.
With our new owners, we now have the opportunity to create an ambitious and positive plan to continue advancing our work dedicated to sustainability. Our approach is simple: what we like – we give emphasis to. What we can effect for the better, we will. What we do not like and cannot effect, we dismiss. All in order to create a positive experience, now and in the future. For our customers, for our colleagues and for the society we live in.
Born 1975, joined the company in 2021
Born 1972, joined the company in 2007
Born 1965, joined the company in 1999
Born 1965, joined the company in 2019
Born 1975, joined the company in 2016
Born 1979, joined the company in 2014
Born 1976, joined the company in 2013
Born 1983, joined the company in 2007
Born 1962, joined the board in 2019 Other appointments 6
Born 1963, joined the board in 2019 Other appointments 11
Born 1981, joined the board in 2019 Other appointments 2
Born 1964, joined the board in 2019 Other appointments 2
Born 1958, joined the board in 2021 Other appointments 4
Born 1971, joined the board in 2022 Other appointments 5
Polaris is a Danish-Swedish capital fund with their headquarters in Copenhagen, founded in 1999. They invest in middle-sized companies in Scandinavia.
Acathia Capial dates back to 2003, investing in European companies within the financial sector.
Morgan Sandström, Authorised Public Accountant
In 2021, premium income increased by 99% to 45 billion SEK and assets under management increased by 51% to 194 billion SEK. The strong increase in premium income landed us as the second largest life insurer in Sweden calculated by premium income. The profit increased with 65% from 110 million SEK to 182 million SEK. The basic business is robust with stable growth. The board of directors and management look forward to future progress with confidence.
Futur Pension (formerly known as Danica Pension) has been carrying out successful capital and pension business with distribution through independent intermediaries, Danske Bank and private banks/depository institutions, for over 20 years.
Futur Pension carries out direct life insurance business in the form of unit-linked insurance, and also portfolio bonds within the framework of traditional life insurance without guarantee. Both forms of insurance let the policyholder bear the investment risk. Futur Pension offers no guarantees regarding return on capital.
The basis of the business model consists of the insurance company charging fees on the assets under management and occasionally on premiums. The fees must then cover stock commissions and premium commissions to distributors and advisors as well as own operating costs. This indicates that the size of the assets under management is a key factor to be considered when assessing the company.
To be able to carry out an overall assessment of the company's size, potential and efficiency, a combination of key indicators such as the size of assets under management (earnings) with premium income (potential), administration costs (efficiency) and number of employees (efficiency) provides a satisfactory picture. The Solvency Capital Requirement is a measurement calculated in accordance with the solvency regulations. The measurement shows the ratio between, on the one hand, the risks associated with the company's commitment and, on the other, the size of the company's own funds to cover those risks.
AuM in 2021
Premium income in 2021