SPP

What SPP does

SPP (SPP Pension & Försäkring AB (publ)) is a Stockholm-based Swedish pension and insurance provider serving individual savers, Swedish employers, and self-employed clients. Its core offering centers on occupational pensions under collective agreements, notably ITP (Industrins och handelns tjänstepension), alongside proprietary pension plans, individual savings vehicles (capital insurance, ISK), and a portfolio of health and life insurance products distributed in partnership with DKV Hälsa and Bliwa. Products are delivered in two principal forms: traditional insurance with guaranteed monthly payouts managed by SPP, and unit-linked fund insurance where customers select funds or lifecycle solutions such as SPP SparaSäkra and SPP SparaSäkra Offensiv.

The technology stack is built around a BankID-authenticated digital portal ("Mitt SPP") that supports fund switching, capital visibility, document delivery via an e-brevlåda, and Kivra integration, supplemented by licensed financial advisors for advisory-led sales and Avtalat.se for ITP collective-agreement selections. AI tooling is applied in narrow operational roles: call transcription and summarization in customer service and auto-completion of advisory documentation, with vendor restrictions on using customer data for model training. The underlying investment engine spans curated fund ranges with Morningstar sustainability ratings and Storebrand-managed mixed funds, with the 2023 ITP entry-solution restructuring reducing management fees from 0.12% to 0.07%.

Revenue is generated almost entirely through recurring management fees on accumulated pension capital (0.07%–0.75% across product tiers), a fixed 50 SEK annual fee on traditional insurance, and insurance premium pass-through, with ITP contributions flowing in monthly from employers. The company is part of the Storebrand ASA group, which reported NOK 5.7 billion group profit in 2025 at a 16% ROE, providing financial backing and shared services. SPP is privately held, has 251–500 employees, and operates exclusively in the Swedish market.

Name

SPP

Legal name

SPP Pension & Försäkring AB (publ)

Website

https://spp.se

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

SPP is a Stockholm-based Swedish pension and insurance company offering occupational pensions under ITP and other collective agreements, individual savings vehicles, and health and life insurance to private-sector employees, employers, and self-employed clients, operating as part of the Storebrand ASA group.

Ownership category

akta.pro rank

Product category

Occupational Pension and Insurance Services

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114), Direct Life Insurance Carriers (524113), Insurance Agencies and Brokerages (524210)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Basic Group Term Life (Employer-Paid) (FSAIADAA)

akta.pro secondary industry

Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK)

Keywords

• Occupational pension services
• Pension insurance products
• Retirement savings solutions
• Health and life insurance
• Salary exchange schemes

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pension premiums and contributions: SPP collects pension premiums from employers and individuals under various pension schemes including ITP (collective agreement-based occupational pension for private sector employees), BTP, FTP, and individual pension plans. Revenue is generated through management fees on accumulated pension capital, with both traditional insurance (guaranteed returns) and unit-linked insurance (fund-based) product options.
2. Asset management fees - Traditional Insurance: For traditional insurance products, SPP charges an annual fixed fee of 50 SEK plus a 0.21% capital management cost deducted from returns. These fees fund ongoing administration and guarantee obligations.
3. Asset management fees - Fund Insurance / ITP: For ITP fund insurance (from October 2023), SPP reduced entry solution management fees from 0.12% to 0.07%. Additional fund management fees for specific ITP fund selection range from 0.06% to 0.75%. SPP also receives third-party compensation (tredjepartsersättning) from fund managers based on insurance capital invested, which is covered within the fund's management fee.
4. Insurance premiums: SPP collects premiums for health and insurance products including companion insurance (Kompanjonförsäkring), life insurance (Livförsäkring), healthcare insurance (DKV Hälsa), care insurance (Vårdförsäkring), and sickness insurance (Sjukförsäkring), generating revenue through actuarial pricing.
5. Capital insurance (Kapitalförsäkring): SPP offers capital insurance products as investment vehicles, managing accumulated capital for long-term saving purposes, with tax advantages for savings up to 300,000 SEK per person as of 2026.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

SPP is a Swedish pension and insurance company that provides occupational pension plans (ITP, BTP, FTP, and SPP's own plan) as well as individual retirement savings, capital insurance, ISK accounts, and health and life insurance products to individuals and corporate clients. It manages customer pension capital through traditional insurance with guaranteed monthly payouts and through fund-based insurance with lifecycle options, with the Mitt SPP digital portal serving as the primary self-service channel.

Product overview

SPP (SPP Pension & Försäkring AB) is a Swedish pension and insurance company offering a comprehensive suite of products for both individuals and employers. The core offering centers on occupational pensions under various collective agreements (ITP, BTP, FTP, SPP's own plan), available as either traditional insurance (with guaranteed monthly payouts and managed by SPP) or fund insurance (customer-selected funds with lifecycle options). For individual customers, SPP provides capital insurance, ISK accounts, salary exchange schemes, and a broad range of health and insurance products including life insurance, healthcare insurance, sickness insurance, and survivor protection. Customers manage their accounts through the Mitt SPP digital portal. The company is part of the Storebrand group and distributes insurance products through partners including DKV Hälsa and Bliwa.

Differentiator

Problem solved

Functional benefit

Products and services

• SPP Tjänstepension (Occupational Pension) Occupational pension products for Swedish employers and employees covering collective agreement plans (ITP, BTP, FTP) and SPP's own pension plan, available as traditional insurance with guaranteed payouts or fund-based insurance.
• ITP (Individuell Tjänstepension) Sweden's largest collective agreement-based occupational pension for private-sector employees under agreements between Svenskt Näringsliv and PTK, available as ITP 1 (premium-based) and ITP 2 (benefit-based plus ITPK), with SPP as a selectable provider.
• SPP Tjänstepensionsplan (SPP Pension Plan) SPP's own occupational pension plan for employers that can include retirement pension, disability pension, survivor pension, and health insurance, configurable regardless of industry.
• Traditionell Försäkring (Traditional Insurance) Low-risk pension management form where SPP manages investment of customer pension funds, providing a guaranteed monthly amount at retirement that SPP may raise when returns are positive.
• Fondförsäkring (Fund Insurance) Higher-risk pension investment form where customers select their own funds from SPP's curated range, with no guaranteed monthly amount but the potential for higher returns and lifecycle-based options.
• SPP SparaSäkra Lifecycle-based fund solution that automatically adjusts risk by reducing equity exposure and increasing bond allocation 10-15 years before retirement, initially allocated across SPP Mix 80 and SPP Mix 20.
• SPP SparaSäkra Offensiv Aggressive variant of SPP SparaSäkra with higher risk, investing in Storebrand Mix 120, SPP Mix 100, and SPP Mix 50 for higher return potential at the cost of increased volatility.
• SPP Ett val ITP (ITP Entry Solution) Default entry solution for ITP pension savings at SPP, combining an equity portfolio and a bond portfolio that auto-adjusts allocation as the customer ages, with reduced management fees from 0.12% to 0.07% from October 2023.
• Kapitalförsäkring (Capital Insurance) Long-term tax-advantaged savings vehicle that supplements pension savings for individuals, with a tax-free threshold raised to 300,000 SEK per person from 2026.
• Investeringssparkonto (ISK) Investment savings account offered by SPP as a tax-efficient savings vehicle, with savings up to 300,000 SEK per person tax-free from 2026.
• Löneväxling (Salary Exchange) Tax-efficient benefit allowing employees to exchange a portion of gross salary for additional pension, most beneficial for those earning above approximately 56,050 SEK/month.
• Direktpension Pension product designed for self-employed individuals and business owners.
• DKV Hälsa (Health Insurance) Health insurance distributed by SPP and underwritten by partner DKV Hälsa, providing access to private healthcare and available to add to SPP pension plans.
• Livförsäkring (Life Insurance) Life insurance paying a lump sum to beneficiaries upon death, providing extra financial security for families.
• Vårdförsäkring (Healthcare Insurance) Healthcare insurance covering private medical care costs, providing faster access to treatment than public healthcare.
• Sjukförsäkring (Sickness Insurance) Sickness insurance providing income replacement during illness or disability, complementing Swedish public sickness benefits.
• Efterlevandeskydd (Survivor Protection) Survivor protection within occupational or private pension providing financial support to beneficiaries if the policyholder dies, including repayment protection and survivor pension.
• Rehabiliteringsförsäkring (Rehabilitation Insurance) Insurance supporting return to work after illness or injury, covering rehabilitation costs and providing income support.
• Kompanjonförsäkring (Companion Insurance) Companion insurance product distributed by SPP providing supplemental coverage to health and pension plans.
• Mitt SPP (Customer Portal) Online customer portal allowing customers to view savings, switch funds, update details, access annual statements, manage pension applications, and receive digital mailbox documents, with login via BankID.
• Pension Payment Pause Feature Service feature enabling customers to pause pension withdrawals and extend the payout period, complementing existing pension payout options.

Quantifiable outcome

• Pension contributions are tax-advantaged; income tax is reduced by exchanging salary for pension contributions above the ~56,050 SEK/month threshold.
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Danske BankminorGTM or Marketing PartnerSPP offers exclusive banking product deals to its customers through Danske Bank, including mortgage offers. This is a cross-partner referral arrangement where SPP recommends Danske Bank products to its existing customer base.
• Avtalat.se (Collectum)coreChannel Partner/ Reseller/ DistributorSPP participates in the ITP (Industrin och handelns tjänstepension) selection system through Avtalat.se, the platform administered by Collectum on behalf of Swedish employers' organization Svenskt Näringsliv and employee confederation PTK. Employees can select SPP as their pension provider for ITP through this platform.
• DKV HälsaminorOthersSPP distributes healthcare insurance underwritten by DKV Hälsa. SPP acts as a distributor while DKV provides the insurance product and manages claims. Customer data is shared with DKV when health insurance is purchased.
• Svenskt Näringsliv and PTKcoreStrategic or Co-development PartnerSPP participates in the ITP pension system which is a collective agreement between Svenskt Näringsliv (Swedish Employers' Confederation) and PTK (the negotiation cartel for academic professionals). SPP is one of the approved selectable insurance providers for ITP occupational pension.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@spppension
• Facebookfacebook.com/SPPpension
• LinkedInlinkedin.com/company/spp
• Instagraminstagram.com/spp_pension
• Xx.com/spp_sverige

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPP