Alecta Pensionsforsakring, Omsesidigt Profile
Alecta Pensionsforsakring, Omsesidigt is a mutual life insurance company based out of Sweden that operates through its various subsidiaries. The company has been in operation since 1917 and is currently headquartered in Stockholm. Alecta Pensionsforsakring, Omsesidigt was previously known as Sveriges Privatanställdas Pensionskassa, SPP before changing to its current Alecta pensionsförsäkring, ömsesidigt name in 2001. Alecta pensionsförsäkring, ömsesidigt has been actively managing occupational pensions since its inception and strives to “provide collectively agreed occupational pensions with as large value as possible for both our corporate clients and our private customers.” The company provides a variety of pension insurances including family pension, supplementary retirement pension plans, risk insurance policies,disability and life insurance, occupational group life insurance, and its own Alecta Optimal pension, which is its developed defined contribution retirement pension plan. The company conducts its research in house, focusing on absolute returns and the risk of investments. Alecta pensionsförsäkring, ömsesidigt directly emphasizes its investments to areas where it has in house capabilities and expertise, limitings its total holdings to be able to “facilitate an even deeper analysis whereby each specific analysis can have a significant impact on our performance.” The company believes that economies of scale within the asset management industry are often lost due to an unclear focus and that specialized organizations can usually generate high returns. Alecta pensionsförsäkring, ömsesidigt focuses its investments in the consumer discretionary sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, industrials, finance, health care, and consumer staples sectors, among others to a lesser degree, in order of decreasing amount allocated. The company currently manages over 700 billion SEK in total assets for its clients. Alecta pensionsförsäkring, ömsesidigt focuses on providing good returns, good customer services, and low costs to its clients, which includes over 2 million private customers and 33,000 corporate clients.