Finnish earnings-related pension provider, Veritas, has published its annual and sustainability reports, showing a 10.6 per cent increase in premiums written and faster-than-anticipated progress in its climate work.

On publication of the report, Veritas CEO, Elina Fogelholm, said: “The year 2025 was a successful one for Veritas. We grew at the fastest rate in the sector in terms of premiums written and TyEL payroll.”

Indeed, Veritas revealed that premiums written had increased by 10.6 per cent, reaching a total of €856.7m, while the number of TyEL payroll companies insured by the firm grew by 9.7 per cent.

There was also significant growth in its self-employed insurance policies (known as YEL), with a 4.5 per cent increase.

“Veritas’ investments generated the best return of all earnings-related pension insurance companies in 2025. The improved solvency resulted in larger client bonuses for our customers,” Fogelholm added.

The firm also boasted positive sustainability results.

Veritas sustainability specialist, Paula Marjamaa, claimed that its climate work had "progressed faster" than the targets in its roadmap.

"The weighted carbon intensity of listed equity and corporate debt investments has decreased by 54 per cent compared to 2020,” Marjamaa said.

Meanwhile, this was the first sustainability report published by the firm in line with the European Commission’s voluntary reporting standards for small and medium-sized enterprises (VSME), introduced last year.

“The results of our double materiality assessment informed the preparation of our sustainability report and helped us focus on material information for our stakeholders," continued Marjamaa.

"The VSME standard enabled clear and coherent reporting on our sustainability work and brought our reporting closer to EU reporting practices."

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