Mandatum

Finnish financial services group Mandatum reported a 55% drop in second-quarter pretax profit, citing the impact of lower interest rates on its insurance business, even as its assets under management reached a new high.

Finnish financial services group Mandatum reported a 55% drop in second-quarter pretax profit as falling long-term interest rates weighed on its financial results.

Private-equity firm Altor has sold 26 million shares in Finnish financial services group Mandatum for approximately 137 million euros, according to a regulatory filing.

Mandatum has announced new financial targets for 2025-2028, aiming to accelerate capital-light growth and profitability.