Aktia Pankki Oyj (0QF8) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Aktia's Q4 results briefing. My name is Oskar Taimitarha, I'm head of Aktia's investor relations and I will be the moderator for this event today. As you all know, this morning we published our Q4 report, which shows solid operating income and positive development, especially in international sales. Aktias CEO Anssi Huhta and CFO Sakari Järvelä will soon walk us through the highlights of the quarter. And as always, after our presentations, we're happy to answer your questions. If you're following us online, please write your questions in the comments field. So, let's get down to business. Anssi, welcome on stage. Thank you, Oskar, and welcome on my behalf as well. I'm delighted to see so many people joining us today, both here on site and online. My name is Anssi Huhta, Aktia's CEO. It's my pleasure to present our fourth quarter result today together with our CFO, Sakari Järvelä. Let me start with a few highlights from the quarter. Overall, we can report stable fourth quarter with a solid operating income and good business activity with successful new customer acquisition in our core segments. In terms of operating income, we were able to finish 2025 with the best quarter of the year. Net income from the life insurance was supported by both favorable market conditions, as well as positive development in risk and unit link insurance. Net commission income was the same level as last year, but higher than in all other quarters of 2025. And as expected, net interest income was lower than last year due to the lower market rates. At the same time, the level was in line with the previous quarters of the year. Asset management continued their upward trend in the third quarter. International sales stood out, contributing 170 million euros ...