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Press release 11.2.2021

Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially

The return on Ilmarinen’s investments was 7.1 per cent as the coronavirus crisis was shaking the markets. The value of investment assets increased to an all-time high, more than EUR 53 billion, and solvency strengthened. Operating expenses decreased by 9 per cent.

Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially
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  1. Ilmarinen’s Interim Report 1 January to 31 March 2021: Return on investments was 4.8 per cent, solvency and net customer acquisition strengthened
    The return on Ilmarinen’s investment portfolio was +4.8% (-7.5%) or EUR 2.5 billion thanks to the positive performance of the equity markets. The market value of investments grew to EUR 55.4 (53.3) billion. The long-term average return on investments was 6.0 per cent. This corresponds to an annual real return of 4.5 per cent.
    Ilmarinen’s Interim Report 1 January to 31 March 2021: Return on investments was 4.8 per cent, solvency and net customer acquisition strengthened
  2. Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially
    The return on Ilmarinen’s investments was 7.1 per cent as the coronavirus crisis was shaking the markets. The value of investment assets increased to an all-time high, more than EUR 53 billion, and solvency strengthened. Operating expenses decreased by 9 per cent.
    Ilmarinen’s financial statements 2020: Solvency strengthened further despite the coronavirus crisis, efficiency improved substantially
  3. Ilmarinen’s Interim Report 1 January–30 September 2020: Return on investments turned positive, cost-effectiveness of operations continued to improve
    The return on Ilmarinen’s investment portfolio was 1.1 (8.2 per cent), i.e. EUR 0.6 (3.7) billion. The third-quarter investment portfolio return was 3.2 per cent, driven by the continued positive development in the investment markets. At the end of September, the market value of investments stood at EUR 50.3 billion (31 Dec 2019: EUR 50.5 billion).
    Ilmarinen’s Interim Report 1 January–30 September 2020: Return on investments turned positive, cost-effectiveness of operations continued to improve
  4. Ilmarinen’s interim report 1 January–31 March 2020: The coronavirus pushed investment returns 7.5% below zero, cost-effectiveness improved further
    Ilmarinen’s Q1 total result slid into negative territory, to EUR -2,649 million (EUR 744 million in 1 Jan–31 Mar 2019), due to the low return on investments resulting from the coronavirus pandemic. Operating expenses decreased EUR 4 million and the ratio of operating expenses to expense loading components improved to 69.0 (71.5) per cent.
    Ilmarinen’s interim report 1 January–31 March 2020: The coronavirus pushed investment returns 7.5% below zero, cost-effectiveness improved further
  5. Ilmarinen in 2019: Decade's best investment return, continued growth and improved efficiency
    Ilmarinen’s return on investments was 11.8 per cent, the value of investment assets rose to more than EUR 50 billion and solvency strengthened. The customer base grew, costs decreased, cost-effectiveness improved and client bonuses will rise to a record level. The Financial Supervisory Authority specified the guidelines concerning the management of disability risk, due to which Ilmarinen will initiate co-determination negotiations related to these plans.
    Ilmarinen in 2019: Decade's best investment return, continued growth and improved efficiency
  6. Strong performance in investment operations, cost-effectiveness and growth continued
    The strong performance earlier in the year continued in the third quarter, and the total return increased to 1.3 billion, thanks to the good investment return. In January–September, Ilmarinen’s return on investments was 8.2 per cent, or EUR 3.7 billion, and investment assets rose to a record EUR 49.1 billion. The customer base grew, costs decreased and cost-effectiveness improved further.
    Strong performance in investment operations, cost-effectiveness and growth continued
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