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MANDATUM GROUP'S RESULT 1-6 / 2021 4.8.2021 Solid result and strong growth in H1 The figures in this section refer to Mandatum Group , unless otherwise indicated . Mandatum Group's result before taxes grew to EUR 141 million ( 39 ) in January - June 2021 . Comprehensive income after taxes , taking into account changes in market values , rose to EUR 238 million ( -90 ) . The return on equity was 28.9 per cent ( -13.3 ) . Mandatum's operational result ( expense result and result from asset management ) rose to EUR 17 million ( 10 ) . The risk result was EUR 11 million ( 10 ) . Premiums written on the company's own account increased to EUR 703 million ( 498 ) . Premiums written on unit - linked insurance amounted to EUR 656 million ( 449 ) . The return on Mandatum's investment assets at fair value was 6.8 per cent ( -2.7 ) in January - June 2021 , and the return on the segregated portfolio's investment assets at fair value during the same period was 2.4 per cent ( -2.3 ) . The investment assets covering Mandatum Life's original with - profit liabilities at the end of June 2021 totalled EUR 4.6 billion ( 4.4 ) at market values . The value of the investments covering the segregated portfolio was EUR 0.8 billion ( 1.0 ) . Mandatum's unit - linked technical provisions and other customer assets under management increased by EUR 1.2 billion to EUR 10.4 billion ( 9.2 ) at the end of June thanks to approximately EUR 400 million in net cash flows and positive market performance . The with - profit technical provisions decreased according to the Q2 plan , and amounted to EUR 3.3 billion ( 3.5 ) at the end of June 2021. The insurance portfolios with a high technical rate of interest ( 4.5 and 3.5 per cent ) dwindled by EUR 97 million to EUR 1.8 billion . Overall , Mandatum Life has strengthened its technical provisions by EUR 220 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 . Mandatum Life's discount rate for 2024 was lowered in the first quarter to 1.5 per cent , with a EUR 31 million negative impact on profit or loss . In Q2 the discount rate for 2024 was lowered further to 1.0 per cent , with a EUR 8 million negative impact on profit or loss . The technical rate of interest on the segregated group pension insurance portfolio is 0.0 per cent . At the end of June 2021 , Mandatum Life's solvency ratio was 209 per cent ( 188 % in 12/2020 ) , and without the application of the transitional measures , it was 182 per cent ( 159 % in 12/2020 ) . Statement by CEO Petri Niemisvirta :