Interim Report 1 January–30 September 2026
Press release 23 October 2026: Strong equity performance boosted Varma’s investment returns to 6.9 per cent
Interim Report presentation
Interim Report 1 January–30 September 2026
Half-year Report 1 January–30 June 2026
Press release 21 August 2026: The value of Varma’s investments exceeded EUR 70 billion – capital expenditure on AI boosted the equity markets and supported the global economy
Half-year Report presentation
Half-year Report 1 January–30 June 2026
Interim Report 1 January–31 March 2026
Press release 24 April 2026: Value of Varma’s investments remains stable in an unsettled market
Interim Report presentation
Interim Report 1 January–31 March 2026
Varma’s Financial Statement 2025
Press release 12 February 2026: Varma’s 2025 result: return on investments 7.5 per cent – very strong return on Finnish equities
Financial Statements presentation
Report of the Board of Directors and Financial Statements 2025
Interim Report 1 January–30 September 2025
Press release 24 October 2025: Equity markets rebound after spring slump – return on Varma’s investments 4.5 per cent
Interim Report presentation
Interim Report 1 January–30 September 2025
Half-year Report 1 January–30 June 2025
Press release 15 August 2025: 1.7 per cent return on Varma’s investments – Finnish equities yielded the best returns
Half-year Report presentation
Half-year Report 1 January–30 June 2025
Interim Report 1 January–31 March 2025
Press release 25 April 2025: Value of Varma’s investments close to the level at the start of the year – strong solvency safeguards against unusual market volatility
Interim Report presentation
Interim Report 1 January–31 March 2025
Varma’s Financial Statement 2024
Press release 14 February 2025: Varma’s 2024 result: The return on Varma’s investments was 10.2 per cent, or EUR 6 billion – a good foundation for implementing pension reforms
Financial Statements presentation
Report of the Board of Directors and Financial Statements 2024
Interim Report 1 January–30 September 2024
Press release 25 October 2024: Varma’s investments returned 7.7 per cent – fall in interest rates bolstered the return on fixed income investments
Interim Report presentation
Interim Report 1 January–30 September 2024
Half-year Report 1 January–30 June 2024
Press release 16 August 2024: Varma’s half-year returns driven by the strong performance of listed equities – investments yielded 5.9 per cent
Half-year presentation
Half-year Report 1 January–30 June 2024
Interim Report 1 January–31 March 2024
Press release 26 April 2024: Good equity returns raised the value of Varma’s investments to over EUR 60 billion
Interim Report presentation
Interim Report 1 January–31 March 2024
Varma’s Financial Statement 2023
Press release 16 February 2024: Varma’s 2023 result: return on investments 6.0% – strong year-end performance driven by listed equities
Financial Statements presentation
Report of the Board of Directors and Financial Statements 2023
Interim Report 1 January–30 September 2023
Press release 27 September 2023: Uncertainty returned to the markets – unlisted investments generated the strongest return of Varma’s investments
Interim Report presentation
Interim Report 1 January–30 September 2023
Half-year Report 1 January–30 June 2023
Press release 18 August 2023: Varma’s investments returned 2.6 per cent – US equities enjoying strong momentum
Half-year report presentation
Half-year Report 1 January–30 June 2023
Interim Report 1 January–31 March 2023
Press release 28 April 2023: The investment environment was marked by short-lived crises – among Varma’s investments, listed equities performed best
Interim Report presentation
Interim Report 1 January–31 March 2023
Varma’s Financial Statement 2022
Press release 17 February 2023: Varma’s 2022 result: Investment markets calmed down by the last quarter – solvency remained strong throughout the year
Financial Statement presentation
Varma’s Report of the Board of Directors and Financial Statements 2022
Interim Report 1 January–30 September 2022
Press release 28 October 2022: Varma’s result for January–September 2022: Accelerated inflation and interest rate hikes caused market fluctuations – despite negative investment returns, many asset classes yielded positive returns
Interim Report presentation
Interim Report 1 January–30 September 2022
Half-year Report 1 January–30 June 2022
Press release 19 August 2022: Varma’s result for January–June 2022: Broad diversification brought stability in a challenging market environment
Half-year report presentation
Half-year Report 1 January–30 June 2022
Interim Report 1 January–31 March 2022
Press release 29 April 2022: Varma’s January–March 2022 result: Solvency remained strong in an unstable market
Interim Report presentation
Interim Report 1 January–31 March 2022
Varma’s Financial Statement 2021
Press release 18 February 2022: Varma’s 2021 result: best return on investments in history, at 18.5 per cent
Financial Statement presentation
Varma’s Report of the Board of Directors 2021
Interim Report 1 January–30 September 2021
Press release 29 October 2021: January–September 2021 interim result: Varma’s investments returned 13.5 per cent
Interim Report presentation
Interim Report 1 January–30 September 2021
Half-year Report 1 January–30 June 2021
Press release 20 August 2021: Varma’s 2021 half-year result: The return on investments was 10.4 per cent, i.e. EUR 5.2 billion
Half-year report presentation
Half-Year Report 1 January–30 June 2021
Interim Report 1 January–31 March 2021
Press release 29 April 2021: January–March 2021 result: Varma’s investments returned 6.0 percent, i.e. EUR 3.0 billion, in the first quarter of 2021
Interim report presentation
Interim report 1 January– 31 March 2021
Varma’s Financial Statement 2020
Press release 19 February 2021: Financial Statement 2020: Value of Varma’s investments exceeded EUR 50 billion; return on investments 2.8 percent
Financial Statement presentation
Varma’s Report of the Board of Directors and Financial Statements 2020
Interim Report 1 January-30 September 2020
Press release 30 October 2020: Varma’s investment returns continued to recover – the development of employment in Finland is even more critical to the pension system than realised returns
Interim Report presentation
Interim Report 1 January-30 September 2020
Half-year Report 1 January–30 June 2020
Press release 21 August 2020: Varma’s result in the first half of 2020: Varma’s investment returns picked up after the major downturn early in the year
Half-year Report presentation
Half-year Report 1 January–30 June 2020
Interim Report 1 January-31 March 2020
Press release 29 April 2020: Solvency secured Varma’s pension assets in sudden economic stop
Interim Report presentation
Interim Report 1 January-31 March 2020
Varma’s Financial Statement 2019
Press release 14 February 2020: Successful investment year for Varma: 12% return on investments, and customer acquisition at record-high level
Report of the Board of Directors
Financial Statement presentation
Varma’s Report of the Board of Directors and Financial Statements 2019
Interim Report 1 January-30 September 2019
Press release 1 November 2019: The return on Varma’s investments was 8.8%, i.e. EUR 3.9 billion
Interim Report presentation
Interim Report 1 January–30 September 2019
Half-year report 1 January–30 June 2019
Press release 16 August 2019: Profitable first half year for Varma, return on investments was 6.9%, i.e. EUR 3.0 billion
Half-year report presentation
Half-year report 1 January–30 June 2019
Interim Report 1 January-31 March 2019
Press release 30 April 2019: Strong early year for Varma – return on investments 5.1%
Interim Report presentation
Interim Report 1 January-31 March 2019
Varma’s Financial Statement 2018
Press release 15 February 2019: Efficiency at record level, the last quarter pushed investment return into the negative
Report of the Board of Directors
Financial Statement presentation
Varma’s Report of the Board of Directors and Financial Statements 2018
Varma’s Financial Statement 2017
Press release 16 February 2018: Very strong year for Varma: Investments yielded 7.8% or EUR 3.3 billion
Report of the Board of Directors
Financial Statement transparencies
Varma’s Report of the Board of Directors and Financial Statements 2017
Varma’s Financial Statement 2016
Press release 15 February 2017: Return on investments 4.7% or EUR 2.0 billion
Report of the Board of Directors
Financial Statement transparencies
Varma’s Report of the Board of Directors and Financial Statements 2016