The following financial targets have been defined for Mandatum:
Going forward Mandatum is aiming to maintain a resilient balance sheet and solvency position, with continued strong organic capital generation and further management of the with-profit portfolio supporting stable dividend payments and strategic growth initiatives (see also: Strategy).
Mandatum's solvency ratio as at 30 June 2023 was 296.1 per cent. As at 31 December 2022, Mandatum's solvency ratio was 265.5 per cent (191.8 per cent as at 31 December 2021 and 187.6 per cent as at 31 December 2020).
The following segmental financial targets have been defined for Mandatum:
* Based on Client AuM (€11.2bn). i.e. excluding AuM from with-profit (€4.3bn, 30th June 2023) and large mandates (€4.6bn, 30th June 2023).
** Based on beginning of period client assets under management.
*** Related to investment and asset management income and expenses.