Question 1

Asset and wealth management

Accepted Answer

Asset and wealth management can be described as Mandatum’s growth engine. Clients include institutional investors and private individuals, and the services cover a wide range of asset classes, including equities, fixed income, and alternative investments.

Mandatum’s international footprint has expanded in recent years, particularly in Sweden and in Denmark, with new clients also in Central Europe. Mandatum’s investment products have received several international recognitions, and credit strategies in particular have gained prominence beyond Finland’s borders.

Mandatum Trader, an active investor’s online trading platform, complements Mandatum’s service offering in wealth management. It provides broad market access and enables independent investing supported by Mandatum’s expertise.

Question 2

Corporate clients

Accepted Answer

Mandatum serves thousands of companies throughout Finland at different stages of their lifecycle. For large and medium-sized companies, the main focus is on rewards and compensation services, including personal risk insurance, voluntary pension insurance, and personnel funds, while smaller companies and entrepreneurs are offered insurance and investment services.

The corporate client business area is strategically important for Mandatum, and the company has a strong position in it: Mandatum is the market leader in supplementary pensions and personnel funds. Growth is supported by strong customer relationships, extensive networks, and a deep understanding of the role of personnel for businesses’ success.

Question 3

Retail clients

Accepted Answer

Mandatum’s retail clients business relies on partnerships that enable access to a broad customer base. Mandatum offers unit-linked investment insurance policies, personal risk insurance policies, and loan insurance for mortgages through its partner Danske Bank. Through Pohjantähti Mutual Insurance Company, Mandatum offers personal risk insurance products.

Question 4

With-profit business

Accepted Answer

The with-profit business area includes the management of the with-profit insurance portfolio and management of assets covering the run-off with-profit liabilities, as well as assets covering shareholders’ equity. In practice, the portfolio consists of pension insurance policies sold in the 1980s and 1990s, the sale of which was discontinued in the early 2000s.

As the with-profit insurance portfolio decreases, capital is released. This lays the foundation for Mandatum’s dividend payout capacity, as the Group’s solid solvency position, the growth of the capital-light business, and the capital released from the with-profit business, along with the profits generated, together enable shareholder payouts. The with-profit contracts are a profitable business for Mandatum, but due to the high capital requirement, the return on capital employed remains relatively low. For this reason, Mandatum now focuses on the capital-light business.

Mandatum in brief

Mandatum in brief

Expertise in asset & wealth management and life insurance

Key facts

Mandatum's vision and values

Values

Business areas

Products and services

Offices and key markets

Sustainability

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