In our fourth quarterly report published today, chair of the Board Jochem Dijckmeester says the following on this: “Looking back on 2021, we can still see the major impact of the coronavirus on all of us. Corona has affected many employers and employees from the sectors affiliated with us, and we as Board regularly reflect on that. We see that concerns about the future remain. However, our financial situation has improved significantly in 2021. The returns for 2021 were good, and rising interest rates reduced our liabilities. As a result, our policy coverage ratio ended at 111.5% by the end of 2021.”
Policy coverage ratio 31 December 2021: 111.5%
The financial situation of the past few months is reflected in the policy coverage ratio, which is a 12-month average. This coverage ratio increased in the fourth quarter, from 107.9% on 30 September 2021 to 111.5% on 31 December 2021. Here you can find more information about the development of the policy coverage ratio.
Current UFR coverage ratio 31 December 2021: 116.8%
The current coverage ratio increased in the fourth quarter, from 112.9% to 116.8%. This concerns the so-called UFR coverage ratio, which is a snapshot of the position at the end of the month. Here you can find more information about the development of the UFR coverage ratio.
Return on investments until 31 December 2021: +6.2%
The total return on investments in 2021 was +6.2%. The investments for hedging the interest rate risk (Matching) achieved a return of -7.4% up to and including the fourth quarter. The investments to achieve an additional return (Return), such as equities, achieved a return of +16.5% up to and including the fourth quarter, due to positive returns on the stock market.
Investment returns defined contribution schemes
The returns of our defined contribution schemes were positive in 2021:
+12.9% for participants aged up to 49, +10.5% for participants aged 50-55, +8.1% for participants aged 56-61 and +5.7% for participants aged 62 and over.
Do you need more information? Please consult the quarterly report.