Varma Mutual Pension Insurance Company

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Company typeMutual company
IndustryInsurance services
Founded1998 [1]
Headquarters,
Varma Mutual Pension Insurance Company
Company typeMutual company
IndustryInsurance services
Founded1998 [1]
Headquarters,
Key people
Risto Murto (CEO), Jaakko Eskola (Chairman of the Board)
Revenue€10,485.6 million (2021)[2]
€5,586.5 million (2021)[2]
€6.8 million (2021)[2]
Total assets€45,962.0 million (2021)[2]
Number of employees
527 (2021)[2]
Websitehttps://www.varma.fi/en/

Varma Pension Insurance Company (Finnish: Keskinäinen työeläkevakuutusyhtiö Varma) is a pension insurance company in Finland.[3][4] Varma manages statutory TyEL insurance for employees and YEL insurance for the self-employed and statutory vocational rehabilitation and services relating to predicting and managing work ability risks. Varma is a mutual company and its head office is located in Salmisaari, Helsinki.[5]

In 2021, Varma paid out pensions in the amount of 6.2 billion euros to 346,000 people, and at year-end 571,229 people were insured with Varma.[2] In terms of turnover, Varma was the twelfth-biggest company in Finland in 2020.[6] In 2021, Varma was one of the largest real estate investors in Finland.[7]

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