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KiranAziz-2 (1)

KLP excludes Caterpillar Inc

28.06.24

KLP and the KLP Funds (KLP) have decided to exclude Caterpillar Inc from their investment portfolios due to the risk that the US company may be contributing to human rights abuses and violation of international law in the West Bank and Gaza.

Sverre_Thornes_7

KLP delivers solid return on pension assets

16.05.24

KLP’s good results from 2023 are being maintained into 2024, and the company can show a solid return on the pension assets in the first quarter of the year.

Sverre Thornes

KLP returns record sum to the municipalities

19.02.24

Good returns in 2023 allowed KLP to return NOK 21.4 billion to Norwegian local municipalities and healthcare customers this year. 

Sverre Thornes

Stable results in turbulent times

15.11.23

KLP has delivered solid results so far this year after a quarter marked by generally weak growth in the financial and property markets.

Sverre Thornes

Good start to the year for KLP 

24.05.23

KLP delivered an investment result of NOK 13.2 billion in the first quarter. 

Sverre Thornes

Transfers over NOK 3 billion to the customers

20.02.23

Weak financial markets persisted for the whole of last year, but solid buffers and higher interest rates give room to transfer NOK 3.2 billion to customers premium funds.

Sverre_Thornes-1

Rising interest rates and falling equity markets influence KLP’s results

07.11.22

KLP maintains good financial strength in the face of a demanding market so far this year.

Bilde av gangbro til Bjørvika i Oslo

KLP has withdrawn rating service from Standard & Poor’s.

13.10.22

Kommunal Landspensjonskasse (KLP) will from today not receive rating service from Standard & Poor’s.

Kiran Aziz

KLP excludes US refugee reception centre operators

26.09.22

KLP and the KLP Funds have decided to exclude the two US companies Core Civic and GEO Group for violating human rights and labour rights at their refugee reception centres

Group CEO Sverre Thornes
Group CEO Sverre Thornes

Sluggish financial markets reflected in KLP’s first half-year results

25.08.22

KLP achieved an investment result (the return in excess of that guaranteed by the company to its customers) of NOK -20.3 (7.2) billion in the second quarter. The return on the common portfolio was -2.1 per cent year to date.

Quarterly results affected by weak equity markets and higher interest rates

16.05.22

KLP’s first-quarter results were affected by weaker equity markets and higher interest rates. Good buffers built up in good times provide stability our fund management, and the rise in interest rates we are now seeing will result in higher revenues going forward. The first quarter saw large inflows into KLP’s funds, making the company the largest in Norway in sales to the retail market.  

Good result for KLP

05.11.21

  • Value-adjusted return: 1.1 per cent for the quarter and 5.6 per cent so far this year
  • Book returns so far this year are 3.5 per cent
  • Good profit contribution from the subsidiaries

Very good second quarter

24.08.21

  • Value-adjusted return: 2.9 per cent for the quarter and 4.4 per cent for the first half-year
  • Good profit contribution from the subsidiaries