Fund capital SEK 334 billion

Fund capital increased by SEK 23.9 (15.2) billion to SEK 333.9 (310.0) billion.

The positive change in fund capital consists of profit for the year of SEK 30.5 (20.1) billion, which is the annual return net of management fees and net of payments to the public pension system.

Net payments to the national pension system amounted to SEK 6.6 (4.9) billion, which reduces the Fund’s capital by the same amount. Since 2009, when the pension system’s net flows became negative, AP4 has cumulatively contributed SEK 37 billion to the pension system.

The burden on the public pension system, with payments of pensions, is high in times of large-scale retirement. During deficit periods in the pension system, capital is taken from the First - Fourth AP Funds - the so-called buffer funds. This deficit is projected to cease around the year 2040.