AMF Pensionsforsakring AB Profile
AMF Pensionsförsäkring AB is a life insurance company based out of Stockholm. The company was founded in 1973 to handle STP, a supplementary defined benefit pension scheme for workers in the private sector. The company would branch off from SPP and become an independent company beginning in 1992. The Swedish Employers' Association and Swedish Trade Union Confederation would replace the STP plan with the SAF-LO Contractual Pension plan, opening up the plan to competition in 1998. Although AMF Pensionsförsäkring AB would lose some clients, it would be able to retain over 60% of its customers. By the turn of the century, AMF Pensionsförsäkring would become the second most popular company in the premium pension selection proves, and the company would enter the Corporate market in 2003. At this point in time, the company was still known as AMF Pension AB, and the company would change to its current name in 2008. AMF Pensionsförsäkring AB would then implement its first reallocation to deal with the market recession of 2008 and 2009, and, despite the need for a reallocation, the company is still the highest total return generating life insurance company in the past 15 years. The company would then launch a new traditional assurance and acquire Dombron Intressenter AB from AP4 in 2011. AMF Pensionsförsäkring AB currently operates as a subsidiary of the Confederation of Swedish Enterprise and Swedish Trade Union Confederation. The company’s line of products and services has greatly expanded since its exception and now includes a wide variety of retirement pensions and private pensions. AMF Pensionsförsäkring AB invests most heavily in the finance and information technology sectors, each making up approximately a fifth of its total asset allocations, and also invests in the health care, consumer discretionary, consumer staples, energy, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation.