PFA Pension, Forsikringsaktieselskab Due Diligence

Run due diligence on PFA Pension, Forsikringsaktieselskab: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by PFA HOLDING A/S (Denmark) · pfa.dk · 12 vendors

PFA Pension is a Danish pension and insurance company that provides pension savings, health insurance, and various financial services to individuals and businesses. The company offers comprehensive pension planning, investment services, health coverage, and customer benefits including housing solutions.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 12 sub-vendors.

Insights

Last updated 2026-09-13 · revision 2

12 direct vendors, 182 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

7 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

Evidence: https://www.pfa.dk/om-pfa/finansiel-information/aarsrapporter

NIS2 (source) — No public evidence

Evidence: https://www.pfa.dk/om-pfa/finansiel-information/aarsrapporter

Solvency II — Evidence found

Evidence: https://www.pfa.dk/om-pfa/finansiel-information/aarsrapporter

Financials

Three-year financials

Financial Resilience Score: 9/10

PFA Pension demonstrates exceptional financial resilience as Denmark's largest commercial pension provider. The company holds a Solvency II ratio of 237% at PFA Pension level and 198% at PFA Holding level, far exceeding the 100% regulatory minimum and substantially above most European insurance peers. With a capital base of DKK 45.9 billion and DKK 27.8 billion in PFA KundeKapital that acts as additional loss-absorbing buffer, the company has multiple layers of capital protection. The balance sheet has grown to DKK 883 billion in total assets across diversified holdings including listed equities, sovereign and corporate bonds, alternatives and real estate. Premium income reached a record DKK 78.6 billion in 2025, reflecting strong corporate pension inflows. The customer community model structurally reduces shareholder payout pressure since most surplus is returned to customers via overskudsdeling/KundeKapital, supporting both retention and capital stability. Key vulnerabilities include market risk sensitivity to equity, credit, real-estate and interest-rate movements, legacy guaranteed-rate product exposure with longevity risk, and near-total geographic concentration in Denmark. Margin pressure from Strategy 2030's lower-price ambitions and ongoing regulatory compliance burden (SFDR, IRRD, DORA) present operational challenges, but the capital strength provides significant resilience headroom.

Key strengths: Solvency II ratio of 237% at PFA Pension (198% at Holding) — far above regulatory minimum, DKK 45.9B capital base plus DKK 27.8B PFA KundeKapital buffer, Market leader with ~1.3M private and ~7,000 corporate customers, DKK 883B in diversified assets under administration, Long-duration recurring premium base from workplace pension contracts, Customer community model reduces shareholder payout pressure

Risk factors: Market risk sensitivity to equity, credit, real-estate and interest-rate movements, Legacy average-rate/guaranteed products carry longevity and reinvestment risk, Near-total geographic concentration in Denmark, Margin pressure from Strategy 2030 lower-price ambitions, Reputation and ESG scrutiny as Denmark's largest pension manager, Heavy regulatory compliance load (SFDR, IRRD, DORA, Danish FSA)

Revenue by geography

Revenue by product/service

Workforce by country

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