Page 22 - Seafarers---_Pension_Fund_Annual_Report_2021

Annual Report of the Board

Seafarers’ Pension Fund 2021 Annual Report

Key Figures 2021 2021 2020

40.0 39.2
57.1 61.1
Premium income, MEUR 73.8 66.2
Government share of the MEL pension expenditure, MEUR 201.2 73.8
Pensions and other benefits paid, MEUR 1 ) 16.2 6.2
Sijoitustoiminnan nettotuotto käyvin arvoin, milj. € 199.4 151.0
Net investment return on capital employed, % 5.8 5.4
Turnover, MEUR 2.9 3.6
Total operating expenses, MEUR
Total operating expenses, % of turnover 3.3 3.3
Total operating expenses without the costs of investment activities and 1.6 1.6
disability risk management, and the judicial administration charge, MEUR 122.8 41.8
% of the MEL payroll 1,056.6 992.1
Overall result, MEUR 687.7 564.9
Technical provisions, MEUR 3.2 3.22
Solvency capital, MEUR 2 ) 1,419.6 1,255.3
in relation to the solvency limit 194.9 182.3
Pension assets, MEUR 210.4 206.2
% of the technical provisions 3 ) 31 32
MEL payroll, MEUR 5,709 6,363
MEL policies (employers) 8,001 8,122
MEL insured
Pension recipients

1) Income statement item “Paid pensions and benefits without expenses for claims incurred and costs of disability risk management”.

2) Calculated in accordance with the regulations valid at each given time (the same principle also applies to other solvency indicators).

3) Technical provisions + solvency capital in compliance with the decree of the Ministry of Social Affairs and Health (STM 614/2008),
section 11, paragraph 10. Until 2016, technical provisions + difference between current and book values.

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