# DANICA PENSION, LIVSFORSIKRINGSAKTIESELSKAB > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/danicapensionlivsforsikringsaktieselskab). ## Overview Danica Pension, Livsforsikringsaktieselskab is a Danish life insurance and pension company based in Copenhagen. It provides retirement savings, life insurance, and health-related insurance products, and also manages customer funds through investment-linked pension solutions and other insurance investment products. ## Products & services • Occupational pension schemes • Private pension savings • Unit-linked and market-rate pension products • Life insurance coverage • Health and sickness insurance • Investment management of pension assets - **Pension savings** (55%) — Retirement savings and pension accumulation products for individuals and employers. - **Unit-linked / market-rate pensions** (20%) — Pension contracts where customer savings are invested in market-based portfolios. - **Life insurance** (10%) — Policies that provide death and survivorship benefits to policyholders and beneficiaries. - **Health and sickness insurance** (10%) — Insurance coverage for illness, disability, and related protection benefits. - **Investment and asset management** (5%) — Management of pension assets, investment contracts, and related financial portfolios. - Occupational pension schemes - Private pension savings - Unit-linked and market-rate pension products - Life insurance coverage - Health and sickness insurance - Investment management of pension assets ## Customers The company serves employers that sponsor pension plans for employees, along with individual customers who save for retirement through private pension arrangements. It also underwrites protection coverages for policyholders needing life, health, or disability-related benefits. Because the business combines insurance protection with long-duration savings products, customer relationships tend to be sticky and contract-based. - **Corporate pension sponsors** (primary) — Employers that buy occupational pension schemes and related employee benefits. - **Private pension savers** (primary) — Individuals who purchase retirement savings and pension accumulation products. - **Protection insurance customers** (secondary) — Policyholders who buy life, sickness, and disability-related coverage. - **Investment-linked policyholders** (primary) — Customers using unit-linked or market-rate products where benefits track investment returns. - Employers buying occupational pension schemes for staff - Individuals seeking private retirement savings products - Policyholders needing life protection and survivor benefits - Customers buying health and sickness coverage - Pension savers choosing market-linked investment solutions ## Geography Danica Pension is headquartered in Copenhagen and operates primarily in Denmark. Its business is tied to the Danish pension market, where employment-based pensions and regulated retirement savings are central to distribution and product design. The report also shows that the group is presented as a consolidated Danish financial institution with domestic reporting in Danish kroner. - Headquartered in Copenhagen, Denmark - Core business tied to the Danish pension market - Domestic reporting currency is Danish kroner - Operations are structured as a Danish insurance group - Exposure is concentrated in one national market ## Strategy The company’s business model centers on long-duration pension savings, protection insurance, and investment management under an integrated life insurance structure. Its strategic position depends on maintaining customer trust, managing investment risk, and offering products that fit Danish pension regulation and employer-sponsored retirement schemes. - **Maintain competitive pension and insurance offerings** (medium-term) — The business depends on retaining employers and individuals in long-duration savings contracts. - **Manage asset-liability and market risk** (short-term) — Investment returns, guarantees, and insurance liabilities are closely linked in a pension insurer. - **Preserve capital and solvency strength** (medium-term) — Solvency is central to policyholder confidence and regulatory capacity in life insurance. - Preserve a strong position in Danish pensions - Offer integrated savings and protection products - Manage investment risk across policyholder portfolios - Maintain solvency and capital strength - Use long-term customer relationships to support retention ## Risks The main risks stem from market volatility, longevity and insurance claim experience, and the need to manage large balance-sheet investments against long-term liabilities. As a Danish pension insurer, the company is also exposed to regulatory capital requirements, valuation uncertainty in financial instruments, and model-driven accounting estimates. - **Market risk on investment portfolio** [high] — Pension products are backed by large investment portfolios whose values move with equity, credit, and interest-rate markets. - **Insurance and longevity risk** [high] — Life and pension liabilities depend on mortality, longevity, disability, and sickness assumptions. - **Solvency and capital requirement risk** [high] — The business must maintain regulatory capital above required levels to support policyholder commitments. - **Valuation uncertainty in financial instruments** [medium] — A substantial share of assets are measured at fair value using market prices or valuation models. - Investment market swings can affect asset values and hedging results - Longevity and morbidity trends affect pension and insurance liabilities - Solvency capital requirements can constrain growth and distributions - Fair value estimates rely on models for illiquid securities - Interest-rate changes affect both assets and insurance obligations ## Accounting The report shows a major accounting transition to IFRS 17, which changes how insurance contracts, premiums, and liabilities are recognized compared with IFRS 4. Fair value measurement is also central because the company holds financial instruments, derivatives, investment properties, and unlisted assets that require model-based valuation when market prices are unavailable. - **IFRS 17 insurance accounting** — Affects comparability with earlier periods and the timing of profit recognition - **Fair value measurement** — Can create earnings and equity volatility from valuation changes - **Hedge accounting for interest-rate risk** — Determines where gains and losses are recognized and when - **Intangible asset amortization and impairment** — Affects operating expenses and balance-sheet carrying values - IFRS 17 affects insurance revenue and liability presentation - Premiums and investment contracts are defined differently from insurance revenue - Derivatives are used to hedge interest-rate risk and affect OCI/P&L timing - Fair value models matter for unlisted funds and OTC instruments - Impairment testing applies to customer relationships and software --- *Last updated: 2026-10-24T15:04:55.096480+00:00*