PFA in brief

PFA Pension was founded in 1917 as an independent company by a number of labour organisations, with the sole purpose of ensuring a financially secure future for the employees and their families. Today, PFA has approximately 1.2 million individual customers from a wide range of the largest companies and organisations in Denmark. And the ambition hasn’t changed – our focus has always been, and still is, to create maximum value for our customers.

The four cornerstones of PFA’s value creation

PFA’s business model is built on four cornerstones that form the basis of PFA’s value creation and ensure maximum profit for our customers.


PFA and CustomerCapital

PFA has a unique profit-sharing model that ensures maximum value for our customers through CustomerCapital. CustomerCapital gives the customers an extra high return on 5 % of their pension payments. The profit-sharing model is also a way to distribute risk as CustomerCapital forms part of the financial buffer that must cover any losses that PFA sustains.


PFA is independent

Being an independent pension company allows PFA to give top priority to the customers’ interests. Both when it comes to distributing profit through CustomerCapital and to advising the customers on their pension options. Finally, being independent also allows PFA the investment freedom needed to generate the strongest investment returns – and PFA is the only pension company in Denmark to have generated positive investment returns every year since 2001.


PFA and economies of scale

With more than DKK 500 billion under management and approximately 1.1 million individual customers, PFA is the largest commercial pension company in Denmark. This means that we can keep costs low, that we have access to attractive investment options as well as that we are able to attract some of the best investment experts in the country.


PFA is market-oriented

PFA’s business model has been developed with the purpose of performing well in a competitive market characterised by a strong focus on the ability to deliver the best investment returns, products and services. Through a constant market-oriented approach and an ongoing dialogue with our customers, PFA continues to offer the best pension and service solutions on the market.

Selected key figures (2016)

  • Total payments: DKK 31.8 billion
  • Payouts: DKK 17.2 billion
  • Net profit for the year before tax: DKK 372 million
  • Net profit for the year after tax: DKK 219 million
  • Equity: DKK 6.9 billion
  • Customer Capital: DKK 28.8 billion
  • Capital base for PFA Pension: DKK 33.5 billion
  • Capital base for PFA Holding: DKK 16.5 billion
  • Solvency ratio for PFA Pension (Solvency II): 285 %
  • Solvency ratio for PFA Holding (Solvency II): 137 %
  • Balance sheet total: DKK 607 billion
  • Approx. 1.2 million individual customers
  • Approx. 1,276 employees