The total return on Veritas’ investments was 8.3 per cent in January–September. Veritas’ equity investments performed best during the period of January–September, with a return of 17.2 per cent. The return on real estate investments was 4.1 per cent, fixed income investments 1.3 per cent and other investments 5.9 per cent.
- Interim report 1 January – 30 September 2021 (pdf)
- Press release: Veritas increased its market share of YEL insurance policies (28 October 2021)
Investment allocation by asset class
30 September 2021
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.
The good investment return has strengthened Veritas’ solvency during the year. The solvency capital has surpassed one billion euro, which is 1.8 times the solvency limit. The solvency ratio was 131.1 per cent at the end of September.
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.
Good investment returns strengthened solvency
The ownership policy outlines how we identify ourselves as an owner, what our expectations are and how we exercise our rights conferred by our holdings.
At Veritas, only Interim CEO Tommy Sandås, Chief Investment Officer Kari Vatanen (all other investments than shares listed in Finland) and Equity Portfolio Manager Kim Fors (shares listed in Finland) are entitled to receive market soundings.
Market soundings must be sent by email (firstname.lastname@example.org), unless the recipient has given express permission to use an alternative method.