The growing importance of security of supply and the geopolitical situation, particularly in the Baltic Sea region, highlight the role of Finnish shipping and its long-term outlook. The operating environment has become more vulnerable to disruptions, and the sector’s risk landscape continues to evolve. The Seafarers’ Pension Fund closely monitors these developments as part of its role in safeguarding seafarers’ pension coverage and supporting their well-being at work. 

In 2025, a total of 7,516 persons were insured under the Seafarers’ Pension Fund, and the payroll exceeded 305 million euro. The number of pension recipients was 7,424. The year was exceptional in that the number of insured persons exceeded the number of pension recipients. 

According to the unaudited financial statements, the return on investments in 2025 was 6.2 per cent, and the market value of investments amounted to 1,479 million euro. The return on liquid equity and fixed-income investments exceeded 11 per cent, while the return on illiquid investments remained below 2 per cent. The reduction of the share of illiquid investments continued, for example through the sale of forestry investments and the divestment of direct investments in residential real estate. This released capital for equity investments, the share of which will increase as a result of the reform of the earnings-related pension system. At year-end, equity investments accounted for 60.4 per cent of total investments. 

The Seafarers’ Pension Fund’s solvency ratio stood at 188 per cent in 2025, unchanged from the end of the previous year. The strong solvency position supports the transition and preparations for the reform of the earnings-related pension system in 2026–2027. 

The development of digital solutions progressed as planned. In the Ankkuri online service for employer shipping companies, register-based statistics were published for the companies’ own use. Towards the end of the year, the Pension Fund also published maritime sector statistics on its website for use by the entire industry. Sustainability and corporate responsibility work continued as an integral part of operations. We also strengthened our information security in several ways. 

Cooperation with shipping companies and other stakeholders continued, and new operating models to support seafarers’ work ability were prepared. The aim is to further improve readiness to assess and manage disability risks and to respond to changes in the pension system. 

The figures for the 2025 financial year are unaudited.