Ilmarinen outperforms rivals in H1 after biggest drop in 2022

Of the four mutual pension insurance companies in Finland, Ilmarinen outshone its competitors in this year’s first half. Equities have been the main driver of its recovery.
Hanna Hiidenpalo, Deputy CEO, Elo (top left), Mikko Mursula, CIO, Ilmarinen (top right), Risto Murto, president and CEO, Varma (bottom left), Kari Vatanen, CIO, Veritas (bottom right). | Photo: Pr / Elo, Ilmarinen, Varma and Veritas
Hanna Hiidenpalo, Deputy CEO, Elo (top left), Mikko Mursula, CIO, Ilmarinen (top right), Risto Murto, president and CEO, Varma (bottom left), Kari Vatanen, CIO, Veritas (bottom right). | Photo: Pr / Elo, Ilmarinen, Varma and Veritas
By Kim Wiesener & Reeta Paakkinen

Finland’s pensions sector continued its recovery from the downturn of 2022 during the second quarter of this year, as the country’s four mutual pension insurance companies all increased their assets under management and delivered positive returns.

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