Folksam LO Pension and Swedbank Insurance have topped a list comparing Swedish pension companies’ fund returns over the past 10 years.

Risk & Insurance compared the returns of 13 different occupational pension and insurance companies that offer unit-linked insurance.

Folksam LO Pension and Swedbank Insurance each had an average return of 9.5 per cent between 2014 and 2023, according to Risk & Insurance.

AMF Pension came in third with an average return of 9.1 per cent over the decade, followed by KPA Occupational pension insurance (8.8 per cent), Nordea Life (8.6 per cent), and Handelsbanken Liv (8.4 per cent).

Risk & Insurance’s analysis detailed the fluctuations of the global stock market over the 10 years, with the funds largely following these trends.

In 2017, the average return for the companies’ fund savers was 9 per cent, before falling to 3.9 per cent in 2018.

Average fund returns then rose to 19 per cent in 2019, then decreased to 6.1 per cent in 2020.

In 2021, average fund returns increased again to 21.6 per cent, before dropping sharply in 2022 to an average of -14.6 per cent.

Last year saw a 27.8 percentage point swing back up to a positive average return of 13.1 per cent.

Commenting on the pension company’s performance over the past 10 years, KPA Pension individual market business area manager, Johan Sjöström, said: “As the pension company for employees within municipalities and regions, we are happy to continue to be able to say that we take care of our customers' money in a long-term, secure and sustainable way.”

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