Goals and results
Our objective is to secure responsible pension provisions for our customers, foster strong solvency, operate efficiently and guarantee the positive development of premium income.
- Eighty-eight per cent of new pension recipients had their pension paid during the first month of their pension entitlement.
- Varma’s solvency remained strong throughout the year.
- Varma further improved its operational efficiency during the year. The operating expenses related to TyEL and YEL business decreased by six per cent, or EUR 5 million, from the previous year. Our operating expenses were 0.28 per cent of the TyEL payroll and YEL income.
- Total payroll, which forms the foundation for contribution income, increased by 3.5 per cent. Premiums written totalled EUR 6.9 billion.