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MANDATUM GROUP'S RESULT 1-3 / 2021 5.5.2021 Good result and strong solvency position in the first quarter . Mandatum Group's result before taxes grew to EUR 76 million ( -16 ) in January - March 2021. Comprehensive income after taxes , taking into account changes in market values , amounted to EUR 108 million ( -323 ) . The return on equity was 27.2 per cent ( -105.2 ) . The expense result increased to EUR 8 million ( 6 ) in January - March . The risk result was EUR 6 million ( 5 ) . Premiums written on the Group's own account amounted to EUR 269 million ( 287 ) . Premiums written on unit - linked insurance amounted to EUR 201 million ( 224 ) . The return on Mandatum Life's investment assets at fair value was 3.5 per cent ( -8.7 ) in January - March 2021 , and the return on the segregated portfolio's investment assets at fair value during the same period was 1.0 per cent ( -6.6 ) . The investment assets covering Mandatum Life's original with - profit liabilities at the end of March 2021 totalled EUR 4.5 billion ( 4.2 ) at market values . The value of the investments covering the segregated portfolio was EUR 0.9 billion ( 0.9 ) . Mandatum Life's technical provisions stood at EUR 12.7 billion ( 12.3 ) at the end of March 2021. Unit- linked technical provisions amounted to EUR 9.2 billion ( 8.8 ) , representing 72 per cent ( 72 ) of the total technical provisions . The with - profit technical provisions decreased according to plan in January - March , and amounted to EUR 3.4 billion ( 3.5 ) at the end of the quarter . The insurance portfolios with a high technical rate of interest ( 4.5 and 3.5 per cent ) decreased by EUR 50 million to EUR 1.8 billion ( 1.9 ) by the end of March 2021 . Overall , Mandatum Life has strengthened its technical provisions by EUR 232 million ( 218 ) in response to the low interest rate level . The figure does not include items related to the segregated portfolio . The discount rate for the rest of 2021 and for 2022 and 2023 is 0.25 per cent , and for 2024 it is 1.5 per cent . The technical rate of interest on the segregated group pension insurance portfolio is 0.0 per cent , and EUR 221 million ( 232 ) was reserved for lowering the discount rate . At the end of March 2021 , Mandatum Life's solvency ratio was 200 per cent ( 188 % in 12/2020 ) , and without the application of the transitional measures , it was 173 per cent ( 159 % in 12/2020 ) . Mandatum Group's key figures 1-3 / 2021 Premiums written , own account : EUR 269 million ( 287 ) Result before taxes : EUR 76 million ( -16 ) ROE : 27.2 % ( -105.2 )