Alecta’s Optimal Pension product made a return of 24.1 per cent in 2021, the pension company has revealed.

Over a five-year period, the annual average return for the product has been 10.9 per cent.
For Alecta’s defined benefit insurance product, the return was 15.2 per cent. The return at an annual rate over a five-year period for this product has been 7.5 per cent.

Alecta, is now an occupational pension company, having had its application approved by the Swedish Financial Supervisory Authority on 1 January 2022.

Alecta CEO, Magnus Billing, said: “In 2021, Alecta has delivered fantastic results in all parts of our business. The return was very high in both the defined-benefit and premium-defined insurance, which results in lower costs for corporate customers and higher pensions for our private customers. For Alecta Optimal Pension, 24.1 percent is the best return since the product was created 15 years ago.

“We have changed our investment strategy and broadened our portfolio with new asset classes to ensure that we continue to deliver the best returns in the industry in the future. Sustainability work has continued to develop for all our asset classes. Alecta's total climate footprint from the equity portfolio has decreased by 40 per cent over the past five years. Today, we have by far the lowest footprint among comparable companies.”

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