The Annual Report
The annual report in English contains selected documents from the annual accounts of Veritas Pension Insurance Company Ltd. The official financial statement of Veritas Pension Insurance is available in Swedish and in Finnish at this website or at our head office in Turku.
Key figures 2015
|Premiums written, EUR mill||489,5||470,2||4,1|
|Pension and other payments made, EUR mill 1)||463,8||454,8||2,0|
|Net investment income at current value, EUR mill||151,2||159,4|
|Total investments, EUR mill||2 755,8||2 599,7|
|Total profit, EUR mill||29,3||61,7|
|Operating expenses covered by expense loading components included in contributions EUR mill||17,8||16,7|
|Operating expenses as a percentage of loading profit||92,9||90,6|
|Average number of personnel||143||142|
|Technical provisions, EUR mill||2 388,9||2 195,2||8,8|
|Technical provisions, EUR mill 2)||616,6||595,9||3,5|
|% of technical provisions 3)||28,1||28,9|
|in relation to solvency limit||2,2||2,2|
|Equalisation provision, EUR mill||129,0||124,2||3,9|
|Pension assets, EUR mill 4)||2 798,3||2 643,1||5,9|
|Transferred to client bonuses, EUR mill||6,1||6,1||-0,3|
|% of Employees Pensions Act payroll incl. portion of co-insurance 5)||0,34||0,35|
|Employees Pensions Act payroll, EUR mill||1 627,7||1 597,3||1,9|
|Self-Employed Persons Pensions Act payroll, EUR mill||256,5||255,1||0,6|
|Employees Pensions Act policies||7 041||6 931||1,6|
|Insured under Employees Pensions Act||53 503||53 817||-0,6|
|Self-Employed Persons Pensions Act policies||10 735||10 739||-0,0|
|Pension recipients||29 560||28 673||3,1|
¹ Payments made and recorded in the income statement, without management charges and work capacity maintenance expenses.
² Includes the equalisation provision.
³ The ratio was computed as a percentage of the technical provisions used in calculating the solvency limit.
⁴ Technical provisions + differences between current and book value.
Our values guide us as we endeavour to achieve our goals. Our main goal is to be the best employment pension company for small and medium-sized companies and entrepreneurs.
Our values form the foundation of our customer services, internal and external co-operation and our decision-making processes.
Our values include
Strong customer-oriented approach