Finnish earnings-related pension provider Elo made a return of 7.4 per cent in 2025, its full-year results have revealed.

All asset classes generated positive returns and performed “exceptionally well” relative to their benchmark indices, Elo deputy CEO, Jonna Ryhänen, said.

“Returns on listed equity investments climbed to as high as 17.2 per cent. The rise in the stock market was driven by accelerating growth in the US economy, global investments in artificial intelligence, and the strong performance of large technology companies,” she said.

She also cited the Finnish stock market as a standout performer, ranking among the best markets in 2025.

“We continued our determined investment in Finland, which has lasted for over a decade, and in 2025, we made investments worth over €100m in Finnish growth companies, among other things,” she added.

At the end of 2025, Elo managed 44,800 TyEL insurance policies and 84,300 YEL insurance policies. A total of 459,100 employees and entrepreneurs were insured.
The pension company’s cumulative market share of new YEL insurance policies was 38.9 per cent and for TyEL insurance policies it was 40.3 per cent.

During the year, 76 per cent of rehabilitees returned to working life as a result of Elo’s support in the area.

Elo CEO, Carl Pettersson, said that during the year, the pension company strengthened its solvency and improved cost efficiency while increasing investments in data and analytics.

“Our strategy period ended, and during the year, we drew up a new strategy for 2026–2030. The most significant successes of the period were improved cost efficiency, which is reflected in lower treatment costs for our customers, and record growth in new insurance sales. In addition, we reached a new level in the quality and range of our work ability services,” Pettersson noted.

As part of the new strategy, Elo is developing scalable and more effective work ability services for its customers, investing heavily in analytics and data utilisation, supporting growth companies with a special growth concept, and maintaining its current market leadership in YEL insurance.

Furthermore, to support data-driven operations, the company established a new analytics unit on at the start of 2026. With this reform, Elo wants to secure its position as the most data-driven company in the pension sector.

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