Financial information

Between January and September, the return on Varma’s investments was 6.9 (4.4) per cent. The value of Varma’s investments was EUR 72.4 (68.3 on 1 Jan) billion. 

“Despite geopolitical tensions, the year has brought solid returns to investors. The impacts of the AI boom are now strongly spilling over into the Finnish export industry, and Finland’s economy has also shifted into export-driven growth. The rise in energy prices and interest rates caused by the war in Iran could, however, slow Finland’s economic recovery,” says President and CEO Risto Murto.

Varma’s Interim Report Financial Report news release

Interim Report Financial Report presentation

Interim Report Financial Report

Varma’s solvency remained at a good level. At the end of September, the solvency capital, which serves as a risk buffer for investment and insurance operations, was EUR 19,992 (18,221 on 1 Jan) million, and 137.4 (135.7 on 1 Jan) per cent in relation to the technical provisions.

Varma’s solvency capital was on a sustainable level, i.e. 2.0 (1.7 on 1 Jan) times the solvency limit.

The solvency limit is changed in accordance with the risk level of the investments. Varma’s strategic goal is to maintain the company’s strong solvency through stable returns.

For more information please read our news 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 requires the disclosing market participant to be compliant with EU's Market Abuse Regulation (MAR).

The disclosing market participant must follow the following procedure for market sounding purposes.

1. Please do not approach or contact any Varma´s employee for market sounding purposes before your company has been accepted as a Market Sounding Partner by Varma. If your company has already been accepted as a Market Sounding Partner, you can proceed to section 2.

How to apply for becoming a Market Sounding Partner?

Please send an application signed by your Head of Compliance where your company confirms that procedures in your company are compliant with MAR and other relevant EU guidelines and standards to [email protected]. Once your company has been accepted as a Market Sounding Partner you will be provided a list of the nominated market sounding receivers of Varma.

You only need to register as a Varma’s Market Sounding Partner once.

2. If your company is already accepted as Varma’s Market Sounding Partner, you can contact the relevant market sounding receiver at Varma directly.If you are not sure who to contact in this matter,[email protected] will assist you upon request.

3. You must always ask the relevant market sounding receiver for a permission for market sounding before making any disclosure. Unless the explicit permission is granted, you are not allowed to disclose any information that could be interpreted as confidential or insider information.