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Data on the financial statements of earnings-related pension providers

Every year, in cooperation with the Finnish Centre for Pensions, we publish a summary of the financial statements of earnings-related pension providers. The appendix to the financial statements is published in Finnish and Swedish, but on this page we have compiled the key figures of the data also in English.

The figures presented here relate to the year 2020 and apply to whole sector – except for solvency figures, which pertains only to pension providers in the private sector .

Key figures:

  • number of people insured 2.5 million
  • number of pensioners 1.9 million
  • sum of wages and salaries/confirmed income EUR 92.0 billion

Revenue:

  • premium income EUR 22.2 billion (excluding contributions from the State Budget)
  • net income from investments at fair value 10.0 billion / 4.8%
  • net income from investments in the income statement EUR 9.2 billion

Expenses:

  • pensions paid EUR 28.7 billion
  • total operating expenses (excluding investment expenses) EUR 449 million

Assets:

  • pension assets about EUR 225 billion
  • investments at fair value EUR 223 billion

Solvency:

Pertains only to pension providers in the private sector.

  • solvency capital totalling EUR 32.1 billion
  • solvency limit EUR 18.3 billion
  • solvency capital/solvency limit 1.8
  • solvency ratio 129.3 per cent

The appendix to the financial statements is available in Finnish:

On the basis of the financial statements, we also put together an annual compilation of the market share data of pension providers both on the annual basis and as a time series. These can be found on our page:

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