Finnish earnings-related pension provider Veritas returned 8.1 per cent on its investments in the first three quarters of 2026, 2.9 percentage points higher than the same period last year, its interim results revealed.

The results also reported that the return on investments in the third quarter of 2026 was 1.4 per cent.

Veritas’ equity investments performed best in the first three quarters of the year, returning 13.2 per cent, a substantial increase from the same period in 2025 when equity investments returned 8.5 per cent.

Meanwhile, real estate returned 1.2 per cent (down from 2.2 per cent last year), fixed-income investments returned 0.9 per cent (down from 2.5 per cent last year), and other investments returned 6.8 per cent (up from 2.1 per cent last year).

At the end of September, the value of Veritas' investments was €5.6bn.

Veritas explained that despite the interest rate hike in September, the shares have retained their value because the interest rate hike has been partly based on expectations of strong economic growth, which supports the stock market.

"Equity valuations have been more moderate due to the accelerating economic growth and increased expectations of future earnings growth," Veritas chief investment officer, Laura Wickström, said.

The interim results also reported that at the end of September, the provider’s solvency ratio was 127.4 per cent, and the solvency capital was 1.7 times the solvency limit.

Commenting on the results, Veritas president and CEO, Elina Fogelholm, said: “Veritas' strong investment success continues, which strengthens our solvency and also benefits our customers in the form of improved client bonuses.

"It is gratifying that Veritas' excellent investment returns are based on strong confidence in the Finnish investment market. 25.8 per cent of all our investments and 24.8 per cent of our shareholdings are invested in Finland."

She suggested that the outlook for Finland's economy is “exceptionally positive”, as global trends, such as the energy transition, data centres and the defence industry, boost the export industry and at the same time help to sustain investments in Finland.

In addition to investment returns, pension insurance companies also compete in efficiency and service, and Veritas is continuously developing its operations in these areas as well.

"We have initiated a process of change that is based on a need to not only streamline operations but also develop our processes so that we can free up more time for proactive customer work,” Fogelholm continued.

"Our customers will continue to receive personal service and their own contact person from us, but the processes in the background will be faster. By investing more in development work, we can also offer our customers new services.”

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