# Nordea Livförsäkring Sverige (NLS)

Nordea Livförsäkring Sverige (NLS) is an Insurance based in Stockholm, Sweden.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** nordea.se

## Regulatory record

- **Reports private funds:** No

## About

Nordea Livförsäkring Sverige (NLS) operates as a life insurance company within the Nordea Group, Sweden's largest financial services group by assets. Ninni Franceschi serves as CEO, overseeing the firm's mandate to manage assets backing its Swedish life insurance policies. The entity is a direct subsidiary of Nordea Life Holding AB, with ultimate ownership tracing to Nordea Bank Abp, a publicly listed Nordic financial conglomerate. The portfolio reflects a classic insurance-led asset mix, heavily skewed toward stabilized, income-generating Swedish commercial real estate. Directly held properties include Stockholm Elefanten 17 and Bällstavägen 102 in Stockholm, Malmö Värdshuset 3 and Hyllie Fabriken in Malmö, and Brämaregården Fastighet in Gothenburg. Beyond core real estate, NLS allocates to growth capital and private credit strategies, accessed through its real estate holding vehicle, Nordea Liv Fastighet Holding AB. The geographic focus is overwhelmingly domestic, concentrated in Sweden's primary urban corridors. NLS does not publicly report standalone AUM or total deployment figures. The firm's adjacent structure includes the Nordea Bank Sveriges Pensionsstiftelse, a legacy pension foundation linked to the parent banking group. Structurally, NLS differs from most family offices profiled here: it is a regulated insurance balance-sheet investor. That regulatory layer forces a disciplined duration-matched approach, making the firm a consistent, non-opportunistic buyer of long-dated Swedish real assets. Its governance is tied to Nordea Group's listed-company board structure, not a single-family constitution, which means capital allocation decisions ultimately serve policyholder obligations rather than a dynastic wealth-preservation motive.

## Sectors

- Real Estate
- Private Credit
- Insurance

## People

- Ninni Franceschi — CEO

## Questions

### Who runs investment decisions at Nordea Livförsäkring Sverige?

Ninni Franceschi serves as CEO of Nordea Livförsäkring Sverige AB. The firm operates within the Nordea Group structure, meaning ultimate asset allocation and risk parameters are set under the auspices of Nordea Life Holding AB and Nordea Bank Abp's group-level governance.

### Which asset classes does NLS invest in?

The firm concentrates on Swedish commercial real estate, including office, retail, industrial, and mixed-use properties in Stockholm, Gothenburg, and Malmö. It also deploys capital into growth capital and private credit strategies, based on Altss research into its portfolio structure.

### How is NLS related to Nordea Bank?

Nordea Livförsäkring Sverige AB is a wholly owned subsidiary of Nordea Life Holding AB, which itself is a subsidiary of Nordea Bank Abp, the largest banking group in the Nordics. This places NLS firmly within a publicly listed financial conglomerate, not a separate family-controlled entity.

## Related profiles

- [Nordea Life & Pensions](https://altss.com/profile/nordea-life-pensions)
- [Norfolk County Council Pension Fund](https://altss.com/profile/norfolk-county-council-pension-fund)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/nordea-livf-rs-kring-sverige-nls

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology