Swedish pension provider Alecta reported an 8.7 per cent return on its Optimal Pension portfolio for the period from 1 January to 30 September 2024, according to its latest quarterly figures.

This marks a significant increase on the same period in 2023, when the return was 3.5 per cent, representing a 5.2 percentage point increase.

Over the five years ending 30 September 2024, the Alecta Optimal Pension portfolio delivered an average annual return of 8.2 per cent.

The information on Alecta Optimal Pension refers to the pre-selection portfolio with 60 per cent equities.

As of the end of Q3 2024, the assets under management in the total portfolio reached SEK 301bn, up from SEK 248bn a year earlier.

Meanwhile, for Alecta's defined benefit (DB) insurance portfolio, the collective funding ratio stood at 163 per cent on 30 September 2024, compared to 178 per cent the previous year.

In addition to this, assets under management in the total DB insurance portfolio totalled SEK 1,030bn at the end of the period.

At the group level, Alecta's solvency ratio was 198 per cent on 30 September 2024, while the total capital managed by the group over the same period was SEK 1,331bn.

Both the management expense ratio for the group and the asset management expense ratio remained unchanged, at 0.07 per cent and 0.027 per cent respectively.

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