The coverage ratio shows the relationship between how much assets we have and the pension liabilities. The assets consist of the premiums we receive and the return we make on our investments. The liabilities are the pensions we have to pay now and in the future. The level of the liabilities depends, among other things, on the interest rate and life expectancy.

Three types of funding ratios

• The monthly nominal funding ratio, which is the current coverage ratio for that month. 
• The policy funding ratio, which is an average over the last 12 months.  
• The required funding ratio.  

2024