Financial targets
Financial targets
On this page, you will find information about Mandatum’s financial targets and outlook.
On 4 June 2025, Mandatum announced new financial targets as part of its strategy, reinforcing its commitment to growth within the capital-light business (Institutional and wealth management, Corporate and Retail business areas) and to shareholder value creation by 2028.
financial targets for 2025–2028
Return on equity (ROE)
above 20% (new target)
Capital-light profit before taxes growth
(Compound annual growth rate, CAGR)
above 10% (new target)
Solvency margin
160–180% (previously 170–200%)
Cumulative shareholder payouts
exceeding EUR 1 billion for the years 2025–2028
Outlook for 2025
Published in Half-Year Financial Report 2025 on 14 August 2025
- The fee result is expected to increase from year 2024. While Mandatum has been able to maintain disciplined pricing and stable fee margins within capital-light customer segments during years 2022, 2023 and 2024, the fee result for year 2025 is dependent on several factors, such as client behaviour and client asset allocation, competition and capital market conditions.
- The with-profit portfolio is expected to decrease further. Value changes of the investments and insurance contract liabilities in the with-profit portfolio can create relatively high volatility in the net finance result due to changes in the market environment.
- In addition, and as typical for the industry, the overall results of Mandatum will be impacted by actuarial assumptions that are updated regularly.
Find out more
Dividend
Explore Mandatum’s dividend distribution, dividend history, and shareholder returns from Mandatum’s stock.
Strategy
Explore Mandatum's strategy for 2025-2028 and the growth plan of the capital-light business.
Mandatum as an investment
Why invest in Mandatum? Explore a concise summary of Mandatum as an investment opportunity.