Average solvency ratio of Finnish pension providers hits 136.3%

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Average solvency ratio of Finnish pension providers hits 136.3%

By Natalie Tuck

21/03/22

The average solvency ratio of Finnish earnings-related pension providers stood at 136.3 per cent at the end of 2021, according to data published by the Finnish Financial Supervisory Authority.

The solvency ratio is calculated by dividing pension assets by technical provisions. The end-December 2021 figure is a 1.5 percentage point increase on the solvency ratio at the end of September 2021, which stood at 134.8 per cent.

The pension insurance companies’ average solvency ratio was 135.8 per cent, while that of company funds and industry-wide funds was 152.6 per cent.

Earnings-related pension providers comprise of private-sector pension insurers, i.e. pension insurance companies, company pension funds and industry-wide pension funds.

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