Corporate social responsibility

Corporate social responsibility is an inherent part of insurance operations. Suomi Mutual produces financial security for its customers and their families. Policyholders supplement their statutory social security at Suomi Mutual, and save safely and productively.

Suomi Mutual is gradually distributing its entire solvency capital to its policyholders as allowed by its solvency position. The company is aiming at as equitable a distribution of the released solvency capital as possible.

As a significant investor, Suomi Mutual also concerns itself with the future development of Finnish companies. As a responsible owner, it participates in the development of those domestic companies in which it has a significant holding. In this way it contributes to there being good conditions for success for operators within the Finnish economy, and, consequently, for welfare for society.

Operations that promote health and safety are inherent to a life insurance company. In cooperation with Pohjola, Suomi Mutual annually presents medical awards to Finnish physicians for their significant life's work. In 2006, a medical award of EUR 17,000 was presented to Professor Jouko Lönnqvist for his unique achievements as a researcher in the field of psychiatry, a disseminator of research information and an advocate for societal discourse. In January 2007, in conjunction with the Finnish Medical Convention, a medical award of EUR 20,000 was presented to the Chancellor of Helsinki University, Professor Kari Raivio, to honour his significant life's work in the research and development of paediatric medicine, and his notable achievements in promoting university research and education.

During the financial year, Suomi Mutual and the Finnish Association for Swimming Instruction and Life Saving (SUH) agreed to continue their long-standing cooperation during 2007-2009. The aim of the cooperation is to promote swimming instruction and life saving in Finland. As part of the cooperation, Suomi Mutual once again donated lifebuoys to Finnish beaches in about 50 locations during summer 2006. In the winter, Suomi Mutual participates in the "Common Sense on the Ice" campaign for school children organized by SUH.

During the financial year, Suomi Mutual participated in founding an association of Finnish art foundations. The other five founding bodies are art foundations of well-known Finnish companies. The association enables such foundations to display rarely exhibited art to the public. Suomi Mutual does not have branches in which to display art. The art owned by the founding members of the association forms a notable collection. There are almost 5,000 works, many of them of national importance and gems of Finnish visual arts. The first exhibition of the association will be held to celebrate 90 years of Finnish independence at the Amos Anderson art museum in Helsinki in autumn 2007.