Another improvement in our financial position despite negative return

In our third quarterly report of 2023, Chairman of the Board Jochem Dijckmeester says: “We experienced negative results on the financial markets in the 3rd quarter. Our investments were also affected by this, causing us to achieve a negative return in the 3rd quarter. However, our financial situation improved thanks to rising interest rates.”

9 November 2023

Policy funding ratio 30 September 2023: 117.3%
The financial situation of the past few months is reflected in the policy funding ratio, which is an average over 12 months. This ratio increased slightly in the third quarter from 117.1% to 117.3 % on 30 September 2023.

Present UFR funding ratio 30 September 2023: 120.7%
The current coverage ratio increased from 117.0% to 120.7% in the third quarter. This concerns the so-called UFR funding ratio, which is a snapshot of the end of the month.

Click here to read more about the development of the UFR funding ratio and the policy funding ratio.

Return on investments up to and including 30 September 2023: -0.4%
The return was -0.4% up to 30 September. The investments to hedge the interest rate risk (Matching) achieved a return of -8.1% over the first three quarters. The investments to achieve an extra return, such as equities, achieved a return of 4.5% over the first three quarters.

Investment Returns Defined Contribution Schemes 2023
The returns of our defined contribution schemes are positive for all age groups over the first quarter: 2.6% for participants aged up to 49, 1.4% for participants aged 50 to 55, 0.1% for participants aged 56 to 61. The return for participants aged 62 and over was -1.2% over the first three quarters.

Want to find out more? Read our quarterly report.