The Danish Financial Supervisory Authority has published the latest Sector in Figures statistics, a cross-sector overview built from 2025 annual filings for credit institutions, non-life insurers, life insurers and cross-sector pension funds, investment firms, and UCITS funds. The data show that earnings across Denmark's financial sector were generally lower than a year earlier, with non-life insurance companies the main exception. Credit institutions reported lower earnings, although still at a relatively high level compared with recent years, while lending increased, particularly at the largest institutions. The increase was driven by higher corporate lending, including an 8% rise in lending to the real estate sector. Non-life insurers improved their results on the back of a stronger technical insurance result. Life insurers and cross-sector pension funds posted lower results, while market-rate products continued to expand and now make up 60% of provisions. Investment firms recorded lower earnings, especially in equities, although income from bond products increased. Danish UCITS funds continued to grow assets under management, and the market remains dominated by active management, which generally has higher costs than passive funds.
Danish Finanstilsynet 2026-05-05
Danish Financial Supervisory Authority publishes 2025 sector data showing weaker earnings across most financial firms and stronger non-life insurance results
The Danish Financial Supervisory Authority’s latest cross-sector “Sector in Figures” statistics, based on 2025 filings, show generally lower earnings across Denmark’s financial sector, with non-life insurers the main exception. Credit institutions’ earnings declined but remained relatively high as lending rose, particularly to corporates and real estate, while life insurers and cross-sector pension funds reported weaker results amid continued growth in market-rate products to 60% of provisions. Investment firms saw lower earnings, especially in equities, as Danish UCITS funds grew assets under management in a market still dominated by higher-cost active management.