Investments
The objective of Elo’s investment operations is to ensure the profitable, secure and responsible investment of employment pension assets.
On this page
Investments
Principle's of Elo's investments operations
Investments
The fundamental idea is to operate so as to generate the best possible return on funded pension assets. Employment pension assets are invested in compliance with the company’s strategy and policy. The responsibility for pension assets extends forward for decades. Elo’s principles for responsible investing are also based on corporate social responsibility: our accountability to policyholders and the insured. The investment process is independent, autonomous and focused on the long term.
The market value of investments was EUR 32.6 billion as of 30 June 2025. We mainly invest in fixed-income, equity, and real estate investments, as well as hedge funds.
We diversify the investment portfolio across different asset classes and geographically. We publish information on the investment allocation and returns on a quarterly basis. More information can be found in the financial information section.
The market value of Elo’s investments was EUR 32.6 billion at the end of June 2025. The return on investments was 1.5 per cent. The solvency ratio was 122.1 per cent and solvency capital was 1.4 times the solvency limit.
The market value of investments was EUR 32.6 billion as of 30 June 2025. We mainly invest in fixed-income, equity, and real estate investments, as well as hedge funds.
We diversify the investment portfolio across different asset classes and geographically. We publish information on the investment allocation and returns on a quarterly basis. More information can be found in the financial information section.
The market value of Elo’s investments was EUR 32.6 billion at the end of June 2025. The return on investments was 1.5 per cent. The solvency ratio was 122.1 per cent and solvency capital was 1.4 times the solvency limit.
Principles of Elo’s investment operations
Basic task
The objective of Elo’s investment operations is to ensure the profitable, secure and responsible investment of employment pension assets. The strategy guiding these operations aims to achieve good and sufficient long-term returns through a carefully selected strategic allocation and successful internal asset class investment decisions. The responsibility for managing pension assets extends decades into the future, which underscores the importance of long-term and stable investment activities.
Solvency
Strong solvency enables the use of active investment policies in all economic conditions. The key driver of return and risk is the choice of strategic allocation, which defines the overall risk profile of the portfolio. Sufficient returns require controlled risk-taking, managed through limits, restrictions and broad diversification. Responsible investment is also an important tool for recognising, avoiding and managing risks.
Responsibility for investments
Responsibility is integrated into all investment processes, with attention to the specific characteristics of each asset class. The aim of responsible investing is to generate sustainable long-term returns. Elo’s responsible investment strategy consists of responsibility for its own operating practices, adherence to international norms, the integration of responsibility into analysis, decision-making and monitoring, as well as ownership steering and other forms of active influence.
Resources and cost efficiency
Investment operations across all asset classes are carried out cost-efficiently and transparently throughout the entire process. Most investments are made in-house, reflecting Elo’s commitment to maintaining strong internal expertise. Additional returns arise from excellence, and added value is created through strong competence and long-term development efforts. Continuous learning and the increasing use of digitalisation play a central role in enhancing investment management.
Responsible investing
The responsibility for pension assets extends decades into the future. We create lifelong security and ensure that our customers receive the pensions they have earned, now and in the future.