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Quarterly report

In the second quarterly report of 2021, chairman of the Board Jochem Dijckmeester stated:

"Our improved financial situation in the first quarter fortunately persisted in the second quarter. This improvement is reflected in both the current coverage ratio and the policy coverage ratio. Both coverage ratios continue to rise. Due to higher interest rates, the value of bonds unfortunately decreased. Our investments in equities fortunately amply made up for this. As a result, we achieved a positive return of +3.2% up to and including the second quarter."


Policy coverage ratio as at 30 June 2021: 103.9% 
The financial situation of the past few months is reflected in the policy coverage ratio, which is a 12-month average. This coverage ratio rose in the second quarter, from 99.1% on 31 March 2021 to 103.9% on 30 June 2021. Here you can find more information about the development of the policy coverage ratio.

Current UFR coverage ratio as at 30 June 2021: 113.3% 
The current coverage ratio rose from 110.4% to 113.3% in the second quarter. 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 up to and including 30 June 2021: +3.2% 
The return on the investments was 3.1% in the second quarter. Consequently the total return in 2021 is +3.2%. The investments to hedge the interest rate risk (Matching) showed a return of -6.6% in the second quarter. The investments to achieve an extra return (Return), such as equities, yielded a return of +11.0% in the second quarter.

Investment returns defined contribution schemes 2021
The returns on our defined contribution schemes were positive for all age groups up to and including the second quarter: +8.2% for participants aged up to 49, +6.4% for participants aged 50-55, +4.6% for participants aged 56-61, and +2.8% for participants aged 62 and over. 


Do you need more information? Please consult the quarterly report.

2021
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