Financial statements and interim reports

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 (pdf)    

Report of the Board of Directors and Financial Statements 2023 (pdf)   

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