Income distribution in society

Ilmarinen's social income distribution calculation illustrates the sources of Ilmarinen's income and shows how the income is being divided between different stakeholders.

Ilmarinen's income distribution in society 2016

Social income distribution calculation 2016

The majority of Ilmarinen's income is paid as pensions to current pensioners. It is, however, equally important to prepare for tomorrow and ensure that there are sufficient assets also for future generations. The social income distribution calculation illustrates the sources of Ilmarinen's income and shows how the income is being divided between different stakeholders.

Income, EUR mill.

2016

2015

2014

Premiums written

4,301.8

4,268.7

4,167.4

     - TyEL, employers' contribution

2,947.8 

2,927.2

2,859.5

     - TyEL, employees' contribution

1,015.7 

997.4

981.1

     - YEL (self-employed persons)

338.3 

344.1

326.8

Client bonuses from previous year

98.6 

94.1

84.2

Net investment return excluding operating expenses

1,779.8 

 2,109.6

 2,217.1

Other income and expenses

0.1 

0.3

0.1

Total income

6,180.4 

6,472.7

6,468.9

Income distribution, EUR mill.          

 2016

2015 

2014

To pensioners

-4,594.1

-4,441.6

-4,350.9 

     - TyEL pension recipients

-4,255.0 

-4,099.2

-4,021.5 

     - YEL pension recipients

-339.1 

-342.4

-329.4

Provision for future pensions

-2,057.0 

-1,047.3

-823.9

Provision for future risks

732.0 

-724.0

-1,046.9

Buffering against fluctuations in investment return

611.0 

-691.8

-1,001.6

Buffering against fluctuations in underwriting result

121.0 

-32.2

-45.3

Client bonuses

-102.0 

-98.0

-93.0

Staff expenses

-51.4 

-53.8

-48.9

Other service providers

-95.8 

-96.8

-100.9

Taxes withheld at source

-12.0 

 -11.2

 -4.4

Donations

-0.1 

-0.05

-0.05

Total income distribution

-6,180.4 

-6,472.7

-6,468.9