January 30, 2015 12:19 PM ET

Insurance

Company Overview of Danica Pension

Company Overview

Danica Pension provides personal pension schemes, life insurance solutions, and health insurance solutions. The company distributes its products through insurance agents in Denmark. Danica Pension was formerly known as Danica and changed its name to Danica Pension in 1991. The company was founded in 1842 and is based in Kongens Lyngby, Denmark. It has additional offices in Denmark, as well as subsidiaries in Norway and Sweden. Danica Pension operates as a subsidiary of Danske Bank A/S.

Parallelvej 17

Kongens Lyngby,  2800

Denmark

Founded in 1842

Phone:

45 70 11 25 25

Fax:

45 45 14 96 16

Key Executives for Danica Pension

Chief Executive Officer and Member of Executive Board
Chief Financial Officer
Senior Executive Vice President and Member of Executive Board
Age: 56
Executive Vice President
Age: 60
Head of Press Relation
Age: 41
Compensation as of Fiscal Year 2014.

Danica Pension Key Developments

Danica Pension Announces Earnings Results for the Nine Months Ended September 30, 2014

Danica Pension announced earnings results for the nine months ended September 30, 2014. For the period, the company reported net income of DKK 1.3 billion up from DKK 0.5 billion.

Danica Pension Announces Executive Changes

Danica Pension announced that Anders Svennesen is leaving his position as co-CIO at Danish pensions giant ATP to take up a new role as CIO of Danica Pension on December 1, 2014. Svennesen will replace Peter Lindegaard, the Danske-Bank subsidiary's previous CIO, who left the company in August. Svennesen will be responsible for developing Danica's investment department.

Danica Pension Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2014

Danica Pension announced financial results for the second quarter and six months ended June 30, 2014. For the six months, the company reported net income from insurance business was DKK 842 million against net loss from insurance business of DKK 5 million a year ago. Net income was DKK 0.8 billion. For the quarter, the company reported net income from insurance business was DKK 437 million against net loss from insurance business of DKK 346 million a year ago.

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