The investment returns of pension insurance company Veritas were negative in April-June, amounting to -3.3 per cent. The solvency position remained strong and at the end of June, it was 1.7-fold compared to the solvency limit.
Carl Haglund will be officially assuming his position as the CEO of Veritas today on 15 June 2022.
The return on Veritas’ investments in January-March was negative. Nevertheless, the record-breaking investment returns of last year and Veritas’ solid solvency position safeguard pension funds in the deteriorating market conditions.
Pension Insurance Company Veritas has published its Annual Report and Corporate Responsibility Report for 2021. During the year, Veritas devised its Climate Roadmap for Investments and determined the interim milestones steering towards the carbon neutrality of investments by the year 2035.
Veritas Pension Insurance succeeded in attaining excellent investment returns in 2021. The return from investments during the year amounted to 12.6 per cent, i.e., close to EUR 0.5 billion. Equity investments generated particularly high returns of 25.2 per cent.
Veritas Pension Insurance is pursuing a carbon neutral investment portfolio by the year 2035. As regards real estate investments, the objective is to attain carbon neutrality as soon as in 2030. Veritas’ new climate roadmap for investors determines actions and milestones geared towards attaining its climate targets.
The total return on Veritas Pension Insurance’s investments was 8.3 per cent in January–September. The good investment return has strengthened Veritas’ solvency during the year.
Veritas Pension Insurance is participating in a campaign by CDP, which encourages large companies to set science-based climate targets. The request has been signed by 220 financial institutions across 26 countries.
Veritas Pension Insurance and 586 other investors have signed the 2021 Global Investor Statement to Governments on the Climate Crisis, with the aim of accelerating government actions to fight climate change.
The total return on Veritas Pension Insurance’s investments was 7.3 per cent in the first half of the year and solvency grew to 131.5 per cent. Veritas’ solvency capital surpassed one billion euros for the first time.
The Board of Directors of Veritas Pension Insurance has appointed Carl Haglund, M.Sc. (Econ.), as the CEO of the company.
The total return on Veritas’ investments was 3.3 per cent in January–March. Good investment returns strengthened Veritas’ solvency.
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