Preliminary Information: 2006 was a Good Year for Ilmarinen

In 2006, the return on Ilmarinen’s investments, at market prices, was 8.5 per cent (12.1 per cent in 2005). At year-end, solvency margin was about 33.5 (32.0) per cent of the technical provisions, and 2.4 times (2.5 times) the solvency limit. About  EUR 80 (78) million will be allocated for client bonuses.

According to CEO HarriSailas, the past year can, in general, be described as a good one for Ilmarinen. The high return on investment further improved the company’s solvency, and the company also strengthened its market position and improved its cost-effectiveness.

“The increase in the number of insured people and the annual growth of premium income were both in the neighbourhood of 10 per cent. It was very rewarding for us to see, that that despite robust volume growth, operating expenses were down. Improving the efficiency of operations is more important than ever now that the loading profit is starting to affect client bonuses. Ilmarinen’s excellent solvency gives us an opportunity to continue pursuing a return-oriented investment policy also in the future and in this way strengthen our competitive edge.

These figures are preliminary. A press release on Ilmarinen’s official financial statements for the year 2006 will be available on 21 February 2007 at 10.00 hours. At the same time, the company will hold a press conference for media at Porkkalankatu 1, Helsinki.

Ilmarinen Mutual Pension Insurance Company
Corporate Communications

For more information, please contact:

• JussiLaitinen, Senior Vice President, Investments, tel. +358 10 284 3838, +358 40 577 1416
• SatuMehtälä, Senior Vice President, Corporate Communications, tel. +358 10 284 3590, +358 50 539 8590