Globally, the first six months of the year were marked by global tariffs causing uncertainty about the economic outlook for the future, as well as by rising equity prices in much of the world. ATP’s guarantees have been, and remain, intact, and the result in ATP’s investment portfolio delivered a return of 6.7 per cent relative to the bonus potential during the six-month period and helped strengthen ATP’s reserves. 

Interest rate hikes in the fourth quarter, in particular, had a decisive impact on the return in ATP's investment portfolio and thus on ATP's result for 2024. Over the past 10 years, the total annualised return to members has been DKK 11.6bn.

High returns on equities and rising interest rates gave ATP a return in the investment portfolio of DKK 3.3bn in the first six months of the year.