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LocalTapiola Group's half-yearly report 1 Jan–30 June 2023: Results and claims paid increased – Finns' awareness of risks has grown during exceptional years
15.8.2023 | Economy
LocalTapiola Group's operating profit and total result showed positive development in January–June. The group's solvency remained strong. We paid out EUR 450 million (+13%) in non-life insurance compensations to our owner-customers in the early months of the year. The uncertain past years have increased Finns' willingness to prepare for risks.
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LocalTapiola Life's half-yearly report 1 Jan–30 June 2023: LocalTapiola Life initiated a fundamental system overhaul to support its strategic objectives.
15.8.2023 | Economy
In January–June, LocalTapiola Life's operating profit was EUR 67 million, and its total result was EUR 79 million. Solvency remained strong.
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LocalTapiola Life’s financial statements 1 January–31 December 2022: LocalTapiola Life increases benefits to owner-customers
15.2.2023 | Talous
LocalTapiola Life’s operating profit for January–December was EUR 63.8 million and solvency strengthened further, although poor performance of the investment market negatively affected our total result. We increased customer benefits in term life insurance both by lowering premiums and by increasing sums insured.
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LocalTapiola Group’s financial statement presentation 1 January–31 December 2022: Business progressed on stable and profitable track – challenging investment environment weakened total result
15.2.2023 | Economy
LocalTapiola Group’s non-life insurance premiums written continued to grow. Resumption of economic activity and of mobility after the pandemic increased claims expenditure. Uncertainty in the operating environment continues but, due to its strong solvency, LocalTapiola Group was able to support owner-customers by providing competitive pricing and high-quality services throughout Finland.
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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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