The yield of Ilmarinen's investments was 6.8 percent from 1 January-30 September 2007

Ilmarinen will start to release quarterly information on the company's result. The development of the investment business and solvency will now be monitored in between the full-year and half-year results.

Ilmarinen's yield from investments from 1 January–30 September 2007, calculated on the basis of market values, was 6.8 percent. The yields of investments in different types of assets were as follows: Interest rate investments 1.6 percent, investments in shares 13.3 percent, property investments 4.9 percent, and other investments 21.0 percent. At the end of September, the total market value of the company's investments was EUR 24.5 billion.

At the end of September, Ilmarinen's working capital was 35.7 percent of technical reserves and 2.1 times the solvency limit.  Ilmarinen's solvency has remained very high both in absolute terms and in relation to the company's investment risks.

The company's Chief Investment Officer Jussi Laitinen says that the start of the second half of the year was challenging for investments.

"The global revaluation of credit risk that erupted in July led to sharp swings on stock markets and credit markets. The markets only calmed down after the U.S. Federal Reserve cut its target rates in mid-September, after which the stock markets in particular recovered quickly. The yields of investment assets continued to improve during the third quarter, and the yield for the first nine months of the year can be described as moderately good."

The final part of the year is overshadowed by worries about a slowdown in economic growth in the U.S.and Europe, which Laitinen says could have an impact especially on stock markets.

These figures are preliminary. The press release on Ilmarinen’s official financial statements for 2007 will be released in week 8.

Ilmarinen Mutual Pension Insurance Company

Harri Sailas
President and CEO

For more information, please contact:

Juss Laitinen, Chief Investment Officer, tel. +358 10 284 3838, +358 40 577 1416, firstname.lastname@ilmarinen.fi

Satu Mehtälä, Senior Vice-President, Corporate Communications, tel. +358 10 284 3590, +358 50 539 8590, firstname.lastname@ilmarinen.fi

Attachments:

Return on investment classified by risk level and Solvency follow-up (pdf)