FuturPension Försäkrings AB (2019)

FuturPension (formerly Danica Pension Försäkrings AB) is a market leading Swedish life insurer with a capital-light and self-financing business model, similar to an AuM savings platform. FuturPension exclusively provides unit-linked life insurance policies and pensions to private and corporate clients.

The life insurance company operates like a FinTech with its end-to-end digitalization and fully digitalized client interaction on their cloud-based IT infrastructure. The proprietary and state-of-the-art IT infrastructure enables FuturPension to manage its AuM at an unrivalled administration cost ratio of 0.3% of premiums (more than 10x better than the market average), making it the cost leader in Sweden. The excellent IT infrastructure enables FuturPension to strongly grow in AuM at almost unchanged administration costs, expanding the unreachable competitive cost advantage every year by default, and resulting in an unlimited scalability of FuturPension’s business.

In the past, FuturPension exhibited an extraordinary growth journey and grew exponentially by an average of 24% and 28% p.a. since 2012 in respectively AuM and premiums. As a result, the market share in premiums has more than tripled from 3,2% (Q4 2012) to 11,1% (Q4 2021), now top 3 in the Swedish life insurance market.

Within two years since our investment in 2019, AuM have grown by +140% to SEK 190bn. (€19bn.). We continue to support the management in implementing its successful growth strategy in a spirit of partnership, in concert with our investment partner Polaris Private Equity. For this investment, Acathia acts as lead investor through the investment vehicle Viking Life SCS, which is backed by German insurers and pension funds.

Investment details

  • Exponentially growing FinTech-like life insurer with €19 bn assets under management

  • Excellent market position based on cost and service leadership through full end-to-end digitalization

  • Supporting the management in its continued development of FuturPension

 

Seller

  • Danske Bank

Buyer

  • Viking Life SCS, Polaris Private Equity, Co-Investors

News

02.03.2022

The extraordinary growth journes of Futur Pension continues in 2021.

Record year for Swedish life insurer Futur Pension

08.06.2021

Futur Pension continues to outperform the Swedish life insurance market and reports excellent half year results.

All time high half year 2021 results

04.01.2021      

FuturPension with record € 13bn. AuM in 2020 (+20%). AuM have grown by almost 60% from €8 bn. to €13 bn. within 2 years since our investment beginning of 2019.

Record performance of FuturPension 2020

02.06.2020       

Exceptional 2019 results of Acathia´s portfolio company FuturPension

Key figures 2019

02.05.2019       

Acathia completes acquisition of Danica Pension Sweden

Press release – Acathia completes acquisition of Danica Pension Sweden.pdf

11.12.2018       

Acathia together with co-investors acquires life insurer Danica Sweden

Press release – Acathia together with co-investors acquires life insurer Danica Sweden.pdf