Financial information and investments
The return on Veritas’ investments was 3.7 per cent in the first quarter of the year. The return on fixed-income investments was 1.8 per cent, equity investments 6.4 per cent, real estate 0.6 per cent and other investments 2.4 per cent.
“The first quarter of the year was surprisingly positive for the investment market and many aspects of the global economy look better than was anticipated at the turn of the year”, says Kari Vatanen, CIO of Veritas.
“As the market environment has improved, we have further increased our equity exposure, which has had a very positive impact on our investment returns. Our fixed-income and alternative investments have already brought comparatively good returns during the first quarter of the year despite the increase in market interest rates.”
- Press release: Veritas Interim Report 1 January–31 March 2024: The return on investments stood at 3.7 per cent (29 April 2024)
- Interim Report 1 January–31 March 2024 (pdf)
Archive
News
Investment allocation by asset class
31 March 2024
Investment activities
We invest our accrued funds profitably and securely as a means of ensuring future pensions. The aim of our investment activities is to achieve the best possible return in order to ensure sustainable funding for pensions.
Our investment activities are professional, independent and responsible. We utilise a wide range of different revenue sources and diversify our investments internationally among different asset classes. Our investments comprise fixed-income investments, equity investments, real estate investments and other alternative investments.
Solvency
Veritas’ solvency position remained at a secure level and was, at the end of March, 1.5 times the solvency limit. The solvency ratio was 123.8 per cent.
The solvency capital serves as a risk buffer for the purposes of our investment activities and against insurance risk. It determines the pension provider’s capacity to bear risk and pursue higher returns on investment activities. High investment returns increase a pension provider’s solvency and, correspondingly, the solvency decreases during weaker investment years.
Veritas’ solid solvency position safeguards pension funds
