Varma invests the assets collected as pension contributions profitably and securely for current and future pensions. Varma’s investment assets amount to approximately EUR 45 billion, of which 28%, i.e. EUR 12.7 billion, is invested in Finnish society. We mainly invest in fixed income, equities, real estate, and hedge funds.
Read more about our investment principles (pdf).
Varma’s solvency is at a high level. Solvency capital strengthened to its highest level in Varma’s history, reaching EUR 11.2 billion, i.e. 133.3 per cent in relation to the technical provisions (Q2/2017). More information is available in our financial release.
Strong solvency upholds confidence in pension provision. Better investment returns mitigate the pressure to increase pension contributions. Varma’s strong solvency benefits our clients through lower insurance contributions.
In good investment years, investment returns are used to increase the solvency capital, while in lean investment years, the solvency capital shrinks. Good solvency enables Varma to aim for higher returns by making higher-risk investments. As a rule of thumb, one percentage point more in investment returns in the long term means a two-percentage-point drop in pension contributions.
Varma has determined the carbon footprint of its investments and has published its climate policy, which details how the company will achieve a lower-carbon portfolio.
Varma invests in a responsible manner. We incorporate responsibility system-atically in all our investment operations.
We require that our investees comply with international agreements and standards, the most important of which are:
The topics covered by Varma's principles for responsible investment include mitigating climate change, which is one of Varma's CSR targets. Because this topic is so important and topical, we have drawn up a separate climate policy. Responsibility in also included in our ownership policy.
Varma has signed the UN Principles for Responsible Investment (PRI) and published a PRI responsible investment report:
Varma’s asset-specific responsible investment policies
Share ownership policy (pdf)
We have published our updated share ownership policy, which describes the expectations Varma has of companies in which it is a major shareholder.
Varma's operations are based on work performed in Finland. Earnings-related pension is the main source of income for most pensioners. We have a strong commitment to social and economic responsibility, and as a significant Finnish real estate investor we also take responsibility for the environment.
Earnings-related pension provision forms an integral part of Finnish social security, combining both economic and social targets. Varma's economic responsibility involves ensuring the company's own profitability, and at the same time the competitiveness of the earnings-related pension scheme, in a sustainable manner. First and foremost, economic responsibility involves managing pension assets – the company must produce strong returns in the long term on the pension assets entrusted to its care.
For Varma, social responsibility means taking care of the sustainability of earnings-related pension provision. It means responsible investments, efficient earnings-related pension provision and flexible services for our customers. We want to be a pioneer in workability management. It is important for us to develop well-being at work and rehabilitation schemes. It is how we carry our responsibility for the well-being of our client companies' personnel and for the quality of Finnish working life.
Secure online services tailored for the self-employed, employers and private customers. Take care of your business conveniently!
The electronic application service ensures that no information is missing from your application. Varma will receive it immediately and you can follow-up on its processing.Log in
Check the workability key figures of your company.
See how to log in to eServices as an entrepreneur, an employer, or a private customer.