Varma - Annual Report 2012

Group companies and associates

At the end of 2012, the Varma Group comprised 226 (225) subsidiaries and 22 (22) associates. The most important subsidiaries and associates are Tieto Esy Ltd (50.1 per cent), Garantia Insurance Company Ltd (30.5 per cent), SATO Corporation (39.9 per cent), Technopolis Plc (24.1 per cent) and NV Kiinteistösijoitus Oy (45 per cent). The Varma Group also owns 50 per cent of the guarantee capital of the Kaleva Mutual Insurance Company. Most of the subsidiaries and associate companies are real estate companies.