Financial information

Favourable development on the global equity markets has brought pension investors strong returns since the start of the year. The clear slowing of inflation and fall in interest rates have strengthened the return on fixed income investments. There was strong movement in equity valuations at the end of summer.

In January–September, Varma’s investments returned 7.7 per cent, i.e. EUR 4.6 billion. The value of Varma’s investments was EUR 63.2 billion.   

Varma’s interim report news release

Interim report presentation

Interim 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 16,125 (14,010 on 1 Jan) million, and 133.6 (130.4 on 1 Jan) per cent in relation to the technical provisions.

Varma’s solvency capital was on a sustainable level, i.e. 1.7 (1.6 on 1 Jan) times 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.

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 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.