Nordea Liv has reported strong growth in its pension business in the first half of 2026, driven by continued demand for Norway's Individual Pension Account (Egen Pensjonskonto) and higher sales of investment-linked savings products.

The provider's total assets under management (AUM) increased by NOK 29bn since the start of the year to NOK 313bn at the end of the second quarter, while net inflows rose to NOK 13.2bn in the first half, up from NOK 0.2bn a year earlier.

Premium income increased 45 per cent year-on-year to NOK 25.5bn.

Nordea Liv CEO Anders Granstad said the company continued to experience strong growth across both the retail and corporate markets.

" We are seeing growth in life insurance, savings and pensions, while also building a broader product offering that leaves us well positioned for further growth," he said.

Pre-tax profit increased by 33 per cent year-on-year to NOK 1.058bn in the first half of 2026, which Nordea Liv attributed to higher assets under management, strong investment returns from its investment choice portfolio, profit sharing from traditional products and an improved risk result.

Nordea Liv also retained its position as the market leader in Norway's self-selected Individual Pension Account market.

At the end of the second quarter, assets under management in self-selected Individual Pension Accounts stood at NOK 26.9bn, representing a market share of 28.8 per cent.

During the quarter, the company launched a new actively managed investment product for private banking customers and completed the migration of contracts, investment accounts and transactions to Lumera's cloud-based platform as part of a wider transformation programme designed to simplify the development of new digital services and reduce the complexity of its IT systems.

Nordea Liv also reached a sustainability milestone when its office building at Olav Kyrres gate 22 in Bergen became the first building in Norway to achieve an outstanding rating under the new BREEAM-NOR In-Use certification scheme, the highest rating available.

"Competition is becoming increasingly intense, making it even more important that we continue to develop a strong value proposition for our customers. That will be the foundation for our future growth," Granstad added.

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