Financial information

Varma’s 5.9 per cent return on investments relied on the equity markets’ favourable development, which continued in the first six months of the year. The US economy, which has bolstered global economic development, remained strong, but as summer progressed, the outlook became more uncertain. Varma invested EUR 1.5 billion in a US climate fund.

The return on Varma’s investments in January–June was 5.9 (2.6) per cent. The value of Varma’s investments was EUR 62.1 (59.1 on 1 Jan) billion.   

Varma’s half-year news release

Half-year presentation

Half-year report

The solvency capital, which serves as a risk buffer for investment operations, was EUR 15,693 million at the end of June (14,010 mill. on 1 Jan), and 133.0 per cent in relation to the technical provisions (130.4 on 1 Jan).

Solvency capital was on a solid 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.