Preliminary information: Suomi Mutual's return on investments 12.5 per cent

26 Jan, 2010

In 2009, return on investments at current values of Suomi Mutual Life Assurance Company (Suomi Mutual) stood at 12.5 per cent, which exceeded the target by a clear margin.

A year earlier, the company's return on investments was –4.0 per cent.

President and CEO Markku Vesterinen considers the company's results very good.

– The financial markets recovered in 2009 almost as quickly as they had collapsed in 2008. Our combined return on investments for 2008 and 2009 was some 8 per cent, in light of the conditions, this can be considered a success. Last year it was the emerging markets' equity investments and corporate loans that performed best.

According to a decision disclosed in November, the company declared a total of EUR 160 million in supplementary benefits to its policyholders. At its highest, insurance return exceeded 12 per cent last year. According to preliminary figures, the company's solvency ratio stood at 24.8 per cent on 31 December 2009, compared with 19.9 per cent the year before.

The balance sheet total at current values on 31 December 2009 stood at EUR 6.5 billion (6.0 in 2008).

The figures are tentative. A press release on Suomi Mutual's annual accounts for 2009 will be disclosed in week beginning on 15 March.

SUPPLEMENTARY INFORMATION
Mr Timo Hukka, Chief Investment Officer, tel. +358 (0)10 253 2002 or +358 (0)40 519 0510
Mr Kai Niemi, Chief Financial Officer, tel. +358 (0)10 253 2803 or +358 (0)40 820 5927