FuturPension Försäkrings AB (2019)
FuturPension (formerly Danica Pension Försäkrings AB) is a Swedish life insurer operating like a FinTech with a capital-light and self-financing business model. The company focuses on providing exclusively unit-linked life insurance policies and pensions to private and corporate clients.
As the cost and service leader in Sweden, FuturPension excels with its fully digitalized client interaction on their cloud-based IT infrastructure. The cost ratio outperforms the whole Swedish life insurance market and the unreachable competitive advantage expands every year by default. As a result, the market share has more than doubled from 3,4% (Q4 2015) to 8,3% (Q1 2021), now top 5 in the Swedish life insurance market. Over the last ten years, AuM have grown exponentially with an average growth rate of more than 20% per year. Within two years since our investment in 2019 AuM, have grown by +90% to SEK 150bn. (€15bn.) without adding additional staff.
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.
Exponentially growing FinTech-like life insurer with €15 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
Viking Life SCS, Polaris Private Equity, Co-Investors
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.
Exceptional 2019 results of Acathia´s portfolio company FuturPension
Acathia completes acquisition of Danica Pension Sweden
Acathia together with co-investors acquires life insurer Danica Sweden