Ilmarinen will not make new investments in Russia
Ilmarinen Mutual Pension Insurance Company has decided that it will not make new direct investments in Russia or in Russian companies.
Ilmarinen expects its investment targets to comply with international norms that Russia has violated with a direct attack on Ukraine. In addition, Ilmarinen takes international sanctions into account in its investment activities.
At the moment, Ilmarinen has direct investments of approximately EUR 130 million in Russia, which is 0.2 per cent of Ilmarinen's EUR 60 billion of investment assets. Most of this amount consists of investments in Russian government loans. The amount also includes a minority share of a shopping centre property in St. Petersburg. In addition, Ilmarinen has indirect investments worth approximately EUR 40 million in Russia through its fund investments.
Ilmarinen does not have direct equity or corporate loan investments in Russian companies.
- The greatest suffering of the war is taken on by the Ukrainian people. From the perspective of pension investments, Ilmarinen's direct risks in Russia are minor. The greatest impacts on pension investments are indirect. They are caused by, for instance, sanctions and their effects on individual investment targets, rising energy and commodity prices, increasing market trepidation and possibly a long-term decrease in the growth rate of the world economy, explains Mikko Mursula, the Chief Investment Officer of Ilmarinen.
Current topics
Ilmarinen's Financial Statements 2025: Return on investments was 8.1 per cent or EUR 5.1 billion
Ilmarinen’s investment assets increased to EUR 67.5 billion. Solvency continued to strengthen and cost-effectiveness is at a good level. Ilmarinen’s investments have generated a total of EUR 30.2 billion over a period of 10 years. Twenty per cent of the investments are in Finland.
Did you get a call from Ilmarinen regarding your customer information?
To provide you with the best customer service that is relevant to your situation, we need to know you. We are contacting our customers about customer information. We regularly update customer information required by law.
EPSI Rating: Ilmarinen has the most satisfied customers in the pension sector
Ilmarinen’s customers are the most satisfied in the earnings-related pension industry, shows a recent study by EPSI Rating.