Finnish earnings-related pension provider Veritas made a return of 6.7 per cent in the first nine months of 2024, its interim results reveal.

Publishing an update on its performance, fixed-income investments returned 5.3 per cent, equity investments 10.4 per cent, real estate 1.1 per cent and other investments 4.4 per cent.

Commenting, Veritas CIO, Laura Wickström, said: "The volatility or fluctuations in the market have been strong during the third quarter of the year, both in the fixed-income and equity markets.

"Of Veritas' investments, equities generated the best returns, but fixed income investments also produced good returns. Fixed income investments are a good way to spread the equity risk."

In addition, Veritas said it is on track for a “record-breaking” year for customer acquisition, with sales increasing by over 50 per cent compared to last year. Its premium income is expected to increase by more than 5 per cent this year and the payroll of companies insured by Veritas by almost 7 per cent.

Commenting, Veritas CEO, Carl Haglund, said: "Veritas has grown strongly in recent years. We have broken our previous records three years in a row and this year will be the fourth.”

According to Haglund, the reason for the growth is a strong focus on service.

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