KLP

Kommunal Landspensjonskasse Gjensidig Forsikringsselskap or KLP is an Oslo-based mutual insurance company that manages the pensions of municipal employees in Norway. As of 31 March 2021, the fund had assets of NOK 813.5 billion (US$95.1 billion), with 337 municipal and country authorities, 31 health trusts and 2,300 public sector firms as clients. Norway's largest pension fund, KLP was established in 1949. Until 1974 the portfolio was managed by Norsk Kollektiv Pensjonskasse, after which KLP received its own license. KLP Eiendom is a major subsidiary that manages real estate in Norway and Denmark. State employees are insured through the Norwegian Public Service Pension Fund.