A secure future for everyone

Annual and Sustainability Report 2021
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.

The year in figures

  • Return on investments: 18.5%
  • Value of investments: €59.0 bn
  • Solvency: €16.9 bn
  • Efficiency: 62%

Annual and Sustainability Report 2021

Read about Varma’s key results and sustainable actions.

President & CEO’s Review

President & CEO Risto Murto takes a look at Varma’s year 2021.

Goals and results

Our objective is to secure high-quality pension provision for our customers, foster strong solvency, operate efficiently and guarantee the positive development of premium income.

  • Nearly 90 per cent of new pension recipients had their pension paid during the first month of their pension entitlement.
  • Varma’s solvency capital reached a new record high. Varma is the most solvent earnings-related pension company in Finland.
  • We manage pension cover efficiently. We used 62% of the amount reserved for operating expenses. Varma is the most efficient pension insurance company.
  • Total payroll, which forms the foundation for contribution income, increased thanks to the good performance of our client companies.

Read more about our goals and results

Working for future generations

The decisions of today build the world of tomorrow. This is why our sustainability work focuses on climate change mitigation and fostering good working life.

Pension decision in 5 days

We process pension applications swiftly. We issue old-age pension decisions in an average of five days.

Effective expert in disability risk management

We provide our client companies with guidance in identifying risks and choosing the correct measures.

Responsibility for Varma employees

The PeoplePower Index, measuring Varma employees’ satisfaction and engagement, remained high. We were listed among Finland’s Most Inspiring Workplaces for the fourth time.

Carbon-neutral investment portfolio 2035

We are on track to achieve the emission reduction targets set in our climate policy.

Investment’s climate risks

We report on our climate risks in accordance with the TCFD recommendations.