News and press releases

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  LocalTapiola Life’s half-yearly report 1 January–30 June 2022: LocalTapiola Life increasing benefits to owner-customers

  17.8.2022 | Economy

  LocalTapiola Life’s January–June operating profit was EUR 46 million and solvency strengthened further. Poor performance of the investment market negatively affected our total result. We enhanced the benefits provided to customers in term life insurance.

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  LocalTapiola Group’s half-yearly report 1 January–30 June 2022: Insurance business achieves strong result, challenging investment environment affects total result

  17.8.2022 | Economy

  Revenue from LocalTapiola Group’s insurance business remained strong in January–June and the Group’s solvency developed positively. Poor performance of the investment market negatively affected our total result. In early 2022, we paid our owner-customers nearly EUR 400 million in non-life insurance claims and EUR 193 million in life insurance claims.

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  LocalTapiola Life’s result and solvency strengthened

  15.2.2022 | Economy

  LocalTapiola Life’s year 2021 concluded with a strong result as a consequence of investment market development and profitable insurance business, and our solvency strengthened above the pre-COVID-19 pandemic level.

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  LocalTapiola Group’s growth continued and result was strong

  15.2.2022 | Economy

  LocalTapiola Group’s result for 2021 was exceptionally good, with the results in both insurance and investment business developing positively and the Group’s solvency strengthening further.

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  LocalTapiola Life January–June 2021: Result and solvency strengthened

  17.8.2021 | Economy

  Total result stood at EUR 128.1 million and the solvency ratio at 201 per cent. The improved result was due to favourable investment market development and profitable insurance operations.

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  LocalTapiola Group’s result good in January–June: results improved significantly in insurance business and investment activities

  17.8.2021 | Economy

  LocalTapiola Group’s total result improved significantly and for the first half of the year it was EUR 514 million. The positive development reflected both a good result achieved in investment activities and profitable insurance operations.

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  LocalTapiola Life’s result was good despite the coronavirus pandemic

  17.2.2021 | Economy

  Operating profit stood at EUR 52 million and total result was EUR 46 million. The decline in total result was due to investment income being poorer than the previous year.

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  LocalTapiola Group’s result and solvency remained good despite the coronavirus pandemic

  17.2.2021 | Economy

  LocalTapiola Group’s total result was EUR 245.9 million. The positive total result was influenced by investment income and the strong result of the insurance business.

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  LocalTapiola Life January–June 2020: Our customers' confidence in LocalTapiola Life's products has continued to grow even during the coronavirus epidemic

  18.8.2020 | Economy

  The coronavirus epidemic characterised the development of LocalTapiola Life's business operations in the first half of 2020. The pandemic prompted our customers to consider their own safety and that of their families, which was seen as increased online sales and changes in beneficiaries.

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  LocalTapiola Group semi-annual report 1-6/2020: We supported our customers in many different ways in the exceptional circumstances

  18.8.2020 | Economy

  In the lifelong security company, the first half of the year was characterized by the exceptional corona period. The development of the investment markets has a strong effect on the financial performance of LocalTapiola Group. The coronavirus epidemic caused significant movement in the investment market during the spring

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  LocalTapiola Life managed to increase the lifelong security of its customers

  13.2.2020 | Economy

  The year 2019 was a good one for LocalTapiola Life, as premium income increased in all focus areas.

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  LocalTapiola Group's financial performance 2019: Our renewal as a company providing lifelong security is proceeding as planned

  13.2.2020 | Economy

  The Group's insurance companies saw their profit develop favourably in 2019. Particularly the investment income, which was exceptionally good, gave a solid boost to the operating profit and total result

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  LocalTapiola Life January-June 2019 - Our customers’ trust in the services of LocalTapiola Life keeps getting stronger

  20.8.2019 | Talous

  The Finnish peoples’ trust in the products of LocalTapiola Life has become stronger still. LocalTapiola Life’s market share of group pension solutions has increased from 12 percent to 20 percent in the past four years.

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  Good result and positive customer service development for LocalTapiola during the first half of 2019

  20.8.2019 | Economy

  We offer customers security in their life and business. Our customers are increasingly satisfied with our products and services. Claims incurred in non-life insurance was €438.8 million, and decreased by almost 5% from last year. The return on investments developed well boosted by the decreased interest rate level and positive stock market.

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  Don’t worry, it’s only water – how faucet makers ended up revolutionising the insurance industry

  27.6.2019 | Turvallisuus

  There are around one thousand water damage claims in Finland every year. Many of these may end up costing the customer or their insurance company tens of thousands of euros in damages. Grohe Sense Guard measures the flow of water in a pipe, as well as the level of moisture in houses.

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  Juha Koponen appointed CEO of LocalTapiola Group

  24.4.2019 | Economy

  Master of Economic Sciences, Juha Koponen (52), has today been appointed CEO of LocalTapiola Group. Koponen will start as CEO on 01/01/2020. He will succeed CEO Erkki Moisander retiring in the end of 2019.

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