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Year-end report 1 January – 31 December 2009

Strong results for AP3 in 2009.

  • AP3 recorded a net profit of SEK 29.4 billion (-44.8) in 2009. This strong result enabled the Fund to recover much of the decline in asset values from the year before.
  • The total return was 16.3% (-19.8) after expenses and 16.4% before expenses.
  • The active return was 2.2 percentage points (-1.4), or SEK 2.9 billion.
  • Fund capital stood at SEK 206.5 billion (181.0) at year-end. In 2009 the net balance between pension system inflows and outflows was negative and resulted in AP3 having to pay SEK 3.9 billion during the year to help cover the deficit.
  • Fund capital has grown by SEK 72.5 billion since inception in 2001, with AP3’s investment returns accounting for SEK 55.2 billion of this growth.

Kerstin Hessius, CEO AP3, said: “Our record profit in 2009 and our highest active return since launching in 2001 show that perseverance and a long-term approach pay dividends. This excellent result has restored our return on capital to parity with the income index, on which indexation of pensions and pension entitlements is based.” 

AP3’s complete annual report 2009 in Swedish and a short version in English can be downloaded here >>

 

For further information please contact:
Kerstin Hessius, CEO, +46 8 555 17 100
Christina Kusoffsky Hillesöy, Communications Manager, +46 8 555 17 123, christina.hillesoy@ap3.se

The First, Second, Third and Fourth AP funds’ investment profit in 2009 was SEK 134 billion. The First, Second, Third and Fourth AP fund, recorded a net profit of SEK 133.8 billion in 2009, corresponding to an average return of 19.4%.

Total fund capital at year-end stood at SEK 808.8 billion, an increase of SEK 118.2 billion from the start of the year.

In 2009 the net balance between pension system inflows and outflows was negative, resulting in the four AP funds having to pay SEK 15.6 billion during the year to cover the deficit.