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How we are changing the investment strategy
‘Mix High risk profile’

Here you can see how we are changing the investment strategy ‘Mix High risk profile’ at 1 April 2026.

We are increasing the proportion of equities etc.

The blue colours indicate the proportions we will invest in the four funds DP Offensiv, DP Mix, DP Defensiv and DP Korte Obligationer from 1 April 2026.

The white line indicates the standard proportion we expect to invest in equities etc. across the funds from 1 April 2026 – in the chart we call this ‘Neutral andel af offensive investeringer’.

The dotted brown line indicates the proportion we expect to invest in equities etc. across the funds today, prior to the change.

Please note that, for the period after retirement, the chart indicates the investment distribution for a 20-year annuity pension scheme or a life annuity. The chart does not apply from the date when any guarantee takes effect.

How the change will affect our customers – see examples

Below we show some examples of how we expect the change to the ‘Mix High risk profile’ investment strategy to affect our customers with 30, 20, 10, 5 and 2 years to retirement.

The benefits on expected return are our best estimate of the amount a customer with the selected characteristics will receive when the customer retires. The calculation is based on a number of general assumptions and average data on returns, inflation, longevity and tax.

In addition to the expected benefits, you can also see the benefits in a high-return and a low-return scenario, respectively. This is the return the customer can expect to receive if the financial markets perform better or worse than we expect.

There is a high probability (90%) that the customer’s benefits will land somewhere between the benefits on a high return and the benefits on a low return.

Only uncertainty as to financial market developments has been taken into account in calculating the benefits in the high-return and low-return scenarios – not any uncertainty related to inflation, tax regulations, longevity, etc. 

  • 30 years to retirement

    Example 1 – Pension savings of DKK 100,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 15,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 98,306 106,415 8,109 8.2 %
    Benefits on expected return 50,906 52,672 1,766 3.5 %
    Benefits on low return 19,442 18,016 -1,426 -7.3 %

     

    Example 2 – Pension savings of DKK 200,000 today                                     

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 199,483 215,950 16,467 8.3 %
    Benefits on expected return 103,467 107,063 3,596 3.5 %
    Benefits on low return 39,453 36,547 -2,906 -7.4 %

     

    You can find additional calculation assumptions here.

  • 20 years to retirement

    Example 1 – Pension savings of DKK 290,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 20,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 109,312 119,174 9,862 9.0 %
    Benefits on expected return 62,176 64,435 2,259 3.6 %
    Benefits on low return 28,873 26,894 -1,979 -6.9 %


    Example 2 – Pension savings of DKK 635,000 today

     Annual contribution after payment of labour-market contribution, if any: 40.000 kr. 

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 234,807 256,005 21,198 9.0 %
    Benefits on expected return 133,458 138,335 4,877 3.7 %
    Benefits on low return 61,883 57,651 -4,232 -6.8 %

    You can find additional calculation assumptions here.

  • 10 years to retirement

    Example 1 – Pension savings of DKK 840,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 145,364 155,452 10,088 6.9 %
    Benefits on expected return 97,726 100,258 2,532 2.6 %
    Benefits on low return 59,713 57,166 -2,547 -4.3 %

     

    Example 1 – Pension savings of DKK 2,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 336,679 360,333 23,654 7.0 %
    Benefits on expected return 225,293 231,220 5,927 2.6 %
    Benefits on low return 136,786 130,879 -5,907 -4.3 %

    You can find additional calculation assumptions here.

  • 5 years to retirement

    Example 1 – Pension savings of DKK 1,430,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 162,589 168,920 6,331 3.9 %
    Benefits on expected return 122,090 123,490 1,400 1.1 %
    Benefits on low return 86,422 84,036 -2,386 -2.8 %

     

    Example 1 – Pension savings of DKK 3.600,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 403,761 419,601 15,840 3.9 %
    Benefits on expected return 302,640 306,134 3,494 1.2 %
    Benefits on low return 213,722 207,775 -5,947 -2.8 %

    You can find additional calculation assumptions here.

  • 2 years to retirement

    Example 1 – Pension savings of DKK 2,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 179,278 182,296 3,018 1.7 %
    Benefits on expected return 149,163 149,693 530 0.4 %
    Benefits on low return 119,888 118,222 -1,666 -1.4 %

     

    Example 2 – Pension savings of DKK 5,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000
    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 446,150 453,678 7,528 1.7 %
    Benefits on expected return 371,064 372,385 1,321 0.4 %
    Benefits on low return 298,095 293,944 -4,151 -1.4 %

    You can find additional calculation assumptions here.

  • Additional calculation assumptions 

    The calculations are forecasts based on the following assumptions:

    The benefits ‘Before change’ are calculated based on the distribution of investments in Danica Balance at October 2025.

    The benefits ‘After change’ are calculated based on the new distribution of investments in Danica Balance effective from April 2026.

    In calculating the forecasts ‘Before change’ and ‘After change’, we have applied the following assumptions from October 2025:

    • Benefits are calculated as 2025 amounts and before any direct and indirect taxes.
    • When forecasting benefits, we apply the rules we have reported to the Danish Financial Supervisory Authority and the rules described in Danica’s bonus regulation and the fact sheet ‘Når du får udbetalt din pension’ at danica.dk/vilkaar (in Danish only).
    • We have assumed an inflation rate of 1% p.a. until and including 2025. From 2026 until and including 2030, we assume an inflation rate of 1.9% p.a. From 2031 until and including 2035, we assume an inflation rate of 1.8% p.a. From 2036, we assume an inflation rate of 2% p.a. In converting the forecast to 2025 amounts, we take the expected inflation rate into account.
    • In calculating the above forecasts, we have applied the societal assumptions of the Danish Council for Return Expectations – established by, among others, the trade association Insurance & Pension Denmark – at 1 January 2025.
    • We assume a rate of tax on pension returns of 15.30%.
    • Contributions are not made to insurance covers other than savings balance protection, which ensures that the beneficiaries receive benefits on the customer’s death.
    • In the forecasts, we adjust pension contributions according to the rate of inflation. 

     

Want to learn more about this investment strategy?

Read more here

Do you have questions about the changes to Danica Balance?

If you have any questions or need advice, please feel free to call us on +45 70 11 25 25.
You can find answers to the most frequently asked questions about the changes here:

See questions and answers
See our changes to your investment strategy Mix low risk profile with effect from 1 April 2026.

Mix low risk profile

See our changes to your investment strategy Mix low risk profile with effect from 1 April 2026.

Read more
See our changes to your investment strategy Mix medium risk profile with effect from 1 April 2026.

Mix medium

See our changes to your investment strategy Mix medium risk profile with effect from 1 April 2026.

Read more
Here you can see our changes to your investment strategy 'fixed risk profile’ with effect from 1 April 2026.

Fixed risk profile

See our changes to your investment strategies with fixed risk profiles

Read more

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