Page 6 - Seafarers_pension_fund_annual_and_sustainability_report_2023
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Review of 2023 Key figures 2023 (2022)
Pensions and Investments Finance and IT
Insurance
Key figures for Investment Pension liability
Marina Paulaharju Sauli Hämäläinen Jari Puhakka Customers profit and loss activities and Solvency
johtaja CCO sijoitusjohtaja toimitusjohtaja account
Insured Assets Balance sheet
”From a customer perspective, ”Since 2020, we have reduced ”Our new pension system has Insurance contrib. technical
2023 was operationally and fi- the share of real estate in the operated as planned and has 7,226 (7,086) • employers 1,376 M€ (1,359) provisions
nancially successful. Premium portfolio, thereby avoiding great- enhanced our customer service.
income and the number of in- er impacts on the investment We will continue to develop Shipping 31.4 M€ (29.8) Return on 1,098 M€ (1,076)
sured persons increased. Our portfolio’s return. A significant it so that automation brings companies investments
pension experts received excellent allocation to forestry investments added operational efficiency. In • employees Technical
ratings in our customer feedback, has been highly profitable and the future, we will also improve 32 (33) 4.0% (-1.7%) provisions
which is something to be proud provides a good foundation for the use of the system’s data for 20.9 M€ (19.9)
of. Our work ability coordination achieving the carbon neutrality our various customer groups. Payroll Net income of 744 M€ (721)
has become established, and to- goal of real investments. We pay In terms of finance, the quality Liability investments at
day we are part of promoting the special attention to sustainabili- of work is best illustrated by the 276.0 M€ (261.5) distribution current values Solvency capital
work ability of seafarers together ty factors in all our investments. fact that there have been no cor- compensations
with the industry and employers. This is best measured in listed eq- rective actions required in the Pension recipients 58.8 M€ (-23.2) 638 M€ (650)
Musculoskeletal disorders con- uity investments, where both the two most recent audits, with all 34.0 M€ (41.9)
tinue to be the most common overall sustainability rating and areas being green. The next sig- 7,811 (7,910) Costs for Solvency ratio
reason for seafarers’ disability. the achievement of the selected nificant area of development is State’s share investment
Alarmingly, mental health dis- five sustainability goals indicate the audited sustainability report- activities 185.8% (190.1%)
orders are the second most the success of our actions. The ing of investments, which offi- 62.9 M€ (58.7)
common reason. Our goal is to next area of development is the cially begins from the beginning -2.3 M€ (-2.8) Solvency position
promote the well-being of sea acquisition of portfolio manage- of 2026.” Paid pensions (z score)
farers by providing new tools and ment and risk management sys-
support networks for work ability tems as part of our preparation -178.1 M€ (-166.8) 3.2 (3.4)
management together with the for increasing the equity alloca-
industry.” tion of the entire pension sys- Management
tem.” costs excl. costs
for investments
activities
-4.1 M€ (-3.9)
Seafarers’ Pension Fund | Annual and Sustainability Report 2023 6
