Financial information and investments
The return on Veritas’ investments was 6.6 per cent in January–June. The return on fixed-income investments was 2.5 per cent, equity investments 10.3 per cent, real estate investments 0.9 per cent and other investments 4.9 per cent. The value of investments stood at EUR 5.5 billion at the end of June.
In the second quarter of the year, the return on investments was 6.9 per cent.
“Veritas recorded its strongest quarterly return on record in the second quarter. In six months, Veritas’ investments have delivered more than they on average have returned in a full year,” says Chief Investment Officer Laura Wickström.
- Press release: Veritas Interim Report 1 January–31 March 2026: Equity market volatility pushed investment returns slightly into negative territory (27 August 2026)
- Interim Report 1 January–30 June 2026 (pdf)
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News
Investment allocation by asset class
30 June 2026
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 strengthened in January–June thanks to the strong investment result. The solvency ratio was 127.8 per cent at the end of June.
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
Ownership policy
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.
Market sounding
At Veritas, only Chief Executive Officer Elina Fogelholm, Chief Investment Officer Laura Wickström (all other investments than equities listed in Finland) and Equity Portfolio Manager Kim Fors (equities listed in Finland) are entitled to receive market soundings.
Market soundings must be sent by email (firstname.lastname@veritas.fi), unless the recipient has given express permission to use an alternative method.