Preliminary information: Suomi Mutual's return on investments 5.6 per cent  

Jan 23, 2008

In 2007, return on investments at current values of Suomi Mutual Life Assurance Company (Suomi Mutual) was slightly below target at 5.6 per cent. Nevertheless, President and CEO Markku Vesterinen considers the company's results satisfactory.

"Our return was in many investment areas level with the benchmark index. Owing to the nature of our operations, we had set a 5.7 per cent profit target for our investment operations. We did not reach this target and therefore the result was only satisfactory," says Mr Vesterinen.

A year earlier, the company's return on investments was 6.5 per cent.

According to a decision disclosed in November, the company declared a total of EUR 411 million in supplementary benefits to its policyholders, which is almost EUR 100 million more than in 2006. According to preliminary figures, the company's solvency ratio stood at 22.3 per cent on 31 December 2007, compared with 27.5 per cent the year before.

The balance sheet total at current values on 31 December 2007 stood at EUR 6.9 billion.

The figures are tentative. A press release on Suomi Mutual's annual accounts for 2007 will be disclosed in March 2008.

FOR FURTHER INFORMATION PLEASE CONTACT
Mr Markku Vesterinen, President and CEO, tel. +358 (0)10 253 2844 or +358 (0)50 348 3502
Mr Timo Hukka, Chief Investment Officer, tel. +358 (0)10 253 2002 or +358 (0)40 519 0510