Preliminary information: Suomi Mutual's return on investments 6.5 per cent

25 January 2007

In 2006, return on investments at current values of Suomi Mutual Life Assurance Company (Suomi Mutual) was 6.5 per cent, which corresponds to over EUR 420 million. The result clearly exceeds the quantitative and proportional targets set for return on equity. President and CEO Eino Halonen considers the company's results good.

– When evaluating the results, account must be taken of the fact that Suomi Mutual bears all risks related to its investments. This limits our possibilities to make equity investments, among other things. In that respect, the situation is different e.g. from Finnish employment pension companies, says Mr Halonen.

A year earlier, the company's return on investments was exceptionally high and stood at 17.6 per cent. At that time, the gains on realisation of Pohjola shares increased the company's results.

According to a decision disclosed in November, the company declared a total of EUR 314 million in supplementary benefits to its policyholders for the year 2006.

At the beginning of 2006, the portion of shares and private equity investments in the investment portfolio was 21 per cent and at the end of 2006 it was 32 per cent.

The figures are tentative. A press release on Suomi Mutual's annual accounts for 2006 will be disclosed in March 2007.

FOR FURTHER INFORMATION please contact

Mr Markku Vesterinen, Senior Executive Vice President, tel. +358 10 559 2844 or +358 50 348 3502
Mr Timo Hukka, Chief Investment Officer, tel. +358 10 559 2002 or +358 40 519 0510