Financial information

We publish information about our results four times a year. Read our current and previous financial information.

More information about Varma’s financial reporting

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

Accelerated inflation and rising interest rates were reflected in Varma’s January–September investment performance. In spite of the strong stock price reactions, almost half of Varma’s investments generated positive returns.

The return on investments in January–September was -4.9 (13.5) per cent. The value of Varma’s investments was EUR 56.4 (59.0 on 1 Jan) billion.

Interim Report January–September 2022 news release

Interim Report January–September 2022 presentation

Interim Report January–September 2022

 

 

Solvency

Varma’s solvency ratio was EUR 133.0 (139.4 on 1 Jan) per cent, and solvency capital was 1.9 times (2.0 on 1 Jan) the solvency limit.

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.

Market sounding

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.

Procedure for market sounding purposes – EU's market abuse regulation (MAR)
 

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 marketsounding@varma.fi. 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,marketsounding@varma.fi 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.