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.

Social income distribution calculation 2017

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.

2017

2016

Premiums written

4,311.6

4,301.8

     - TyEL, employers' contribution

2,885.3

2,947.8

     - TyEL, employees' contribution

1,081.0

1,015.7

     - YEL (self-employed persons)

345.2

338.3

Client bonuses from previous year

102.1

98.6

Net investment return excluding operating expenses

2,730.7

 1,779.8

Other income and expenses

0.0

0.1

Total income

7,144.3

6,180.4

Income distribution, EUR mill.          

 2017

2016

To pensioners

-4,721.8

-4,594.1

     - TyEL pension recipients

-4,372.7

-4,255.0

     - YEL pension recipients

-349.1

-339.1

Provision for future pensions

-813.8

-2,057.0

Provision for future risks

-1,327.2

732.0

Buffering against fluctuations in investment return

2,254.9

611.0

Buffering against fluctuations in underwriting result

927.6

121.0

Client bonuses

-120.0

-102.0

Staff expenses

-50.8

-51.4

Other service providers

-99.5

-95.8

Taxes withheld at source

-11.1

 -12.0

Donations

-0.1

-0.1

Total income distribution

-7,144.3

-6,180.4