Source: Tela/FIN-FSA4.4.2014

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130

5

10

15

20

25

30

35

40

21.1

16.119.9

23

29.131.3 29.9

15.3

23.3

28.8

21.825.5

28

2,4 2,0 2,2 2,3 2,3 2,52,2 1,9 2,5 2,5 2,6 2,4 2,1

2,1

Solvency capital* as a share of technical reserves (solvency ratio) in 2001-2013 Pension insurance companies

Coefficient = solvency capital* in proportion to solvency limit

In 2008 the adjustment of liabilities was reduced, and part of the PAYG buffer was shifted to the solvency capital of the funded part. The amendments were based on a temporary law passed in order to reduce the effects of the disorder in the international financial market. The temporary law is valid until the end of 2012.

* Until 31 December 2012, solvency margin

Source: Tela/FIN-FSA4.4.2014

2002 2003 2004 2005 2006 2007 2008 2009* 2010* 2011* 2012* 20130

5

10

15

20

25

30

35

40

45

21.524.5

26.9

34.5 35.6 34.2

24.9

36.6

41.3

31.0

38.837.0

2,2 2,6 2,8 3,3 3,3 2,7 3,7 3,9 3,6 3,2 3,3 2,8

Solvency capital* as a share of technical reserves (solvency ratio) in 2002-2013

Company funds and industry-wide funds

Coefficient = solvency capital* in proportion to solvency limit

In 2008 the adjustment of liabilities was reduced, and part of the PAYG buffer was shifted to the solvency capital of the funded part. The amendments were based on a temporary law passed in order to reduce the effects of the disorder in the international financial market. The temporary law is valid until the end of 2012.

* Until 31 December 2012, solvency margin