Taaleri’s long-term financial targets are: continuing earnings growth of at least 15 per cent, operating profit target of at least 25 per cent of income and return-on-equity of at least 15 per cent.

Taaleri’s objective is to distribute to shareholders at least 50 percent of the profit for the financial year, as well as the capital that the company does not need for growth investments or to fulfil its targets for solvency.


Short-term risks and concerns

The coronavirus pandemic will continue to cause uncertainty in 2021. However, the global economy is likely to recover as coronavirus vaccinations progress and the restrictive measures in the global economy can be lifted. The most significant external uncertainties affecting the Group’s operating profit are changes in the operating and regulatory environment and the development of the financial markets globally and especially in Finland.

The results of the Wealth Management and the Energy segments are influenced by the development of assets under management, which depends among other things on the progress of private equity fund projects and the development of capital markets. Profit development is also influenced by the realization of performance fees, which are tied to the success of the investment operations.

The Energy segment’s earnings are also affected by the success of its own investments in energy projects.

The Insurance segment’s guaranty insurance business and investment activities have a major impact on Taaleri’s operational income and capital adequacy.

The Other operations returns consist of the market value changes in investments and of sales profits/losses gained as well as returns of loans granted. The earnings and results of the Other operations may thus vary significantly between periods under review.