This is Varma

Varma provides pension insurance for work carried out in Finland. We take care of the statutory pension cover of private entrepreneurs and employees. Varma’s responsibility for managing pension assets, and for our customers, employees and shared environment spans far into the future. We are building a world that is sustainable for future generations.

Varma’s 2025 result: return on investments 7.5 per cent – very strong return on Finnish equities

Varma’s investments yielded EUR 4.8 billion in 2025. Despite the shadow of US import tariffs over the global economy, the equity markets trended upwards. Finnish equities emerged as the highest-yielding asset class in Varma’s portfolio, propelled by Nasdaq Helsinki’s historically strong year.

Read more about the result

Varma in brief

Varma provides pension insurance for work carried out in Finland. We take care of the statutory pension cover of private entrepreneurs and employees. Companies take out TyEL insurance for their employees, while entrepreneurs insure themselves through YEL insurance. Varma provides pension cover for more than 900,000 employees, entrepreneurs and pensioners.

We invest the assets collected as pension contributions profitably and securely for current and future pensions. Varma is a responsible and solvent investor. We mainly invest in fixed income, equities, and real estate, and in hedge funds. As a real-estate investor, we focus on offering high-quality business premises and rental flats in growth centres. We also offer corporate financing to our customers.

Our services in work ability management help client companies save in pension costs and private customers to continue in working life.

Varma is a mutual company, owned by its client companies, self-employed customers and insured employees. Varma’s head office is located in Salmisaari, Helsinki, and our network of account managers covers nearly the entire country. Varma has 550 employees.

Key figures

2025

  • Return on investments 7.5 %
  • Market value of investments 68.3 bn €
  • Solvency capital 18.2 bn €
  • Insured and pensioners 975,000
  • Pensions paid 7.7 bn €
  • Personnel 550

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