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Latest figures

8,301

companies as of 31.12.2018

74,342

policyholders as of 31.12.2018

3,005

pension beneficiaries as of 31.12.2018

40.8 / 40.0

average age women/men as of 31.12.2018

CHF 1.9 billion

pension capital as of 31.12.2018

CHF 0.6 billion

coverage capital for pension beneficiaries as of 31.12.2018

104.90%

coverage ratio as of 30.11.2019

1.75%

technical interest rate as of 31.12.2018

7.42%

YTD return as of 30.11.2019

6.0%

conversion rate as of 31.12.2018

All interim figures are provisional; no revisions are carried out.

Historical figures
Key figures
  2011 2012 2013 2014 2015 2016 2017 2018
Affiliated companies 6'169 6'421 6'720 7'132 7'718 7'932 7'984 8'301
Insured persons 32'271 36'124 47'143 51'993 57'557 61'068 67'325 74’342
in CHF 1'000
Risk premiums / contributions to administrative costs 51'221 51'480 52'999 56'896 57'118 55'921 58'058 61’460
Retirement credits 132'009 142'129 158'557 177'382 201'349 211'787 223'272 243’040
Savings capital 1'255'911 1'337'332 1'439'167 1'469'272 1'710'738 1'771'140 1'832'834 1’900’656
Pension reserves 489'331 557'226 702'957 641'865 565'827 563'907 513'319 604’906
Technical reserves 26'939 34'666 39'286 40'509 56'100 45'278 59'638 40’779
Fluctuation reserves - - 42'738 124'373 38'863 33'458 56'257 0
Coverage ratio pursuant to BVG 95.4% 98.0% 102.0% 105.8% 101.7% 101.4% 102.3% 98.4%
Technical interest rate 3.5% 2.5% 2.5% 2.5% 2.5% 2.25% 1.75% 1.75%
Interest on savings capital % 1.5% 1.5% 1.5% 1.75% 1.75% 1.25% 1.0% 1.0%
Surpulus in % - - - 0.7% - - - -
Key figures
Affiliated companies
2011 6'169
2012 6'421
2013 6'720
2014 7'132
2015 7'718
2016 7'932
2017 7'984
2018 8’301
Insured persons
2011 32'271
2012 36'124
2013 47'143
2014 51'993
2015 57'557
2016 61'068
2017 67'325
2018 74’342
  in CHF 1'000
Risk premiums /
contributions to administrative costs
2011 51'221
2012 51'480
2013 52'999
2014 56'896
2015 57'118
2016 55'921
2017 58'058
2018 61’460
Retirement credits
2011 132'009
2012 142'129
2013 158'557
2014 177'382
2015 201'349
2016 211'787
2017 223'272
2018 243’040
Savings capital
2011 1'255'911
2012 1'337'332
2013 1'439'167
2014 1'469'272
2015 1'710'738
2016 1'771'140
2017 1'832'834
2018 1’900’656
Pension reserves
2011 489'331
2012 557'226
2013 702'957
2014 641'865
2015 565'827
2016 563'907
2017 513'319
2018 604’906
Technical reserves
2011 26'939
2012 34'666
2013 39'286
2014 40'509
2015 56'100
2016 45'278
2017 59'638
2018 40’779
Fluctuation reserves
2011 -
2012 -
2013 42'738
2014 124'373
2015 38'863
2016 33'458
2017 56'257
2018 0
Coverage ratio pursuant to BVG
2011 95.4%
2012 98.0%
2013 102.0%
2014 105.8%
2015 101.7%
2016 101.4%
2017 102.3%
2018 98.4%
Technical interest rate
2011 3.5%
2012 2.5%
2013 2.5%
2014 2.5%
2015 2.5%
2016 2.25%
2017 1.75%
2018 1.75%
Interest on savings capital
2011 1.5%
2012 1.5%
2013 1.5%
2014 1.75%
2015 1.75%
2016 1.25%
2017 1.0%
2018 1.0%
Surpulus in %
2011 -
2012 -
2013 -
2014 0.7%
2015 -
2016 -
2017 -
2018 -
Data as of 31 December

Monthly performance / coverage ratio

Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Jan 2.18 0.2 0.24 -0.87 -2.18 -0.02 1.60 1.11 1.27 0.15 -0.49
Feb 0.96 -0.73 1.17 -0.89 2.54 0.94 0.77 0.94 0.51 0.93 -2.25
Mar 0.58 -0.08 0.64 0.63 0.42 0.44 1.07 0.43 -0.46 0.77 1.46
Apr 1.44 1.11 0.81 0.54 0.14 0.50 0.91 -0.20 0.03 0.50 3.03
May -1.03 -0.35 0.38 0.99 0.14 1.20 0.45 -0.47 -0.42 -0.32 0.67
Jun 1.23 0.20 -0.26 -0.51 -1.27 0.17 -1.89 0.79 -1.14 -2.41 1.16
Jul 0.54 0.83 1.06 0.92 1.73 0.22 0.92 1.55 -2.85 1.42 2.80
Aug -0.07 -0.25 -0.05 0.60 -1.61 1.00 -0.36 0.49 -1.12 -0.90 1.23
Sep 0.33 0.24 0.22 0.15 -0.66 0.35 0.97 0.69 0.65 1.09 0.83
Oct 0.18 -1.19 1.06 -0.34 2.07 0.38 1.23 0.08 1.75 1.23 -0.38
Nov 0.85 0.16 0.1 0.30 1.25 1.01 0.36 0.52 0.20 -0.94 0.63
Dec   -1.88 -0.02 0.86 -1.13 0.45 -0.06 0.47 1.17 -0.01 0.80
YTD 7.42 -1.83 5.48 2.51 1.31 6.81 6.07 6.57 -0.94 1.44 9.89
YTD Bench 9.68 -3.11 5.19 2.64 0.50 9.45 4.43 7.58 1.61 1.31 11.74
CR 104.93) 98.4 102.32) 101.4 101.7 105.8 102.0 98.01) 95.4 97.2 97.3
2019
Jan 2.18
Feb 0.96
Mar 0.51
Apr 1.44
May  
Jun  
Jul  
Aug  
Sep  
Oct  
Nov  
Dec  
YTD 5.17
YTD Bench 6.78
DG 103.53)
2018
Jan 0.2
Feb -0.73
Mar -0.08
Apr 1.11
May -0.35
Jun 0.20
Jul 0.83
Aug -0.25
Sep 0.24
Oct -1.19
Nov 0.16
Dec -1.88
YTD -1.83
YTD Bench -3.11
DG 98.4
2017
Jan 0.24
Feb 1.17
Mar 0.64
Apr 0.81
May 0.38
Jun -0.26
Jul 1.06
Aug -0.05
Sep 0.22
Oct 1.06
Nov 0.1
Dec -0.02
YTD 5.48
YTD Bench 5.19
DG 102.32)
2016
Jan -0.87
Feb -0.89
Mar 0.63
Apr 0.54
May 0.99
Jun -0.51
Jul 0.92
Aug 0.60
Sep 0.15
Oct -0.34
Nov 0.30
Dec 0.86
YTD 2.51
YTD Bench 2.64
DG 101.4
2015
Jan -2.18
Feb 2.54
Mar 0.42
Apr 0.14
May 0.14
Jun -1.27
Jul 1.73
Aug -1.61
Sep -0.66
Oct 2.07
Nov 1.25
Dec -1.13
YTD 1.31
YTD Bench 0.50
DG 101.7
2014
Jan -0.02
Feb 0.94
Mar 0.44
Apr 0.50
May 1.20
Jun 0.17
Jul 0.22
Aug 1.00
Sep 0.35
Oct 0.38
Nov 1.01
Dec 0.45
YTD 6.81
YTD Bench 9.45
DG 105.8
2013
Jan 1.60
Feb 0.77
Mar 1.07
Apr 0.91
May 0.45
Jun -1.89
Jul 0.92
Aug -0.36
Sep 0.97
Oct 1.23
Nov 0.36
Dec -0.06
YTD 6.07
YTD Bench 4.43
DG 102.0
2012
Jan 1.11
Feb 0.94
Mar 0.43
Apr -0.20
May -0.47
Jun 0.79
Jul 1.55
Aug 0.49
Sep 0.69
Oct 0.08
Nov 0.52
Dec 0.47
YTD 6.57
YTD Bench 7.58
DG 98.01)
2011
Jan 1.27
Feb 0.51
Mar -0.46
Apr 0.03
May -0.42
Jun -1.14
Jul -2.85
Aug -1.12
Sep 0.65
Oct 1.75
Nov 0.20
Dec 1.17
YTD -0.94
YTD Bench 1.61
DG 95.4
2010
Jan 0.15
Feb 0.93
Mar 0.77
Apr 0.50
May -0.32
Jun -2.41
Jul 1.42
Aug -0.90
Sep 1.09
Oct 1.23
Nov -0.94
Dec -0.01
YTD 1.44
YTD Bench 1.31
DG 97.2
2009
Jan -0.49
Feb -2.25
Mar 1.46
Apr 3.03
May 0.67
Jun 1.16
Jul 2.80
Aug 1.23
Sep 0.83
Oct -0.38
Nov 0.63
Dec 0.80
YTD 9.89
YTD Bench 11.74
DG 97.3
YTD = performance since 1 January of the calendar year
Bench  = benchmark Pictet BVG 25
CR = coverage ratio
1) Reported coverage ratio as of December 31st 2012, taking into consideration the reduction of the technical interest rate from 3.5% to 2.5%. If the technical interest rate had not be reduced, the provisional coverage ratio would have been above 100%.
2) Reported coverage ratio as of December 31st 2017, taking into consideration the reduction of the technical interest rate from 2.25% to 1.75%.
3) Provisional as of 30. 11. 2019.

 

Quarterly overview of coverage ratio

2011 CR
31.03.2011 98.1%
30.06.2011 96.4%
30.09.2011 93.0%
31.12.2011 95.4%
2012 CR
31.03.2012 97.3%
30.06.2012 97.6%
30.09.2012 99.9%
31.12.2012 98.0%1)
2013 CR
31.03.2013 100.9%
30.06.2013 100.0%
30.09.2013 101.1%
31.12.2013 102.0%
2014 CR
31.03.2014 102.8%
30.06.2014 104.0%
30.09.2014 105.1%
31.12.2014 105.8%
2015 CR
31.03.2015 105.9%
30.06.2015 104.2%
30.09.2015 102.9%
31.12.2015 101.7%
2016 CR
31.03.2016 99.8%
30.06.2016 100.3%
30.09.2016 101.4%
31.12.2016 101.4%2)
2017 CR
31.03.2017 103.0%
30.06.2017 103.5%
30.09.2017 104.2%
31.12.2017 102.3%3)
2018 CR
31.03.2018 101.2%
30.06.2018 101.7%
30.09.2018 102.1%
31.12.2018 98.4%
2019 CR
31.03.2019 101.9%
30.06.2019 103.3%
30.09.2019 103.9%
   
2011 CR
31.03.2011 98.1%
30.06.2011 96.4%
30.09.2011 93.0%
31.12.2011 95.4%
2012 CR
31.03.2012 97.3%
30.06.2012 97.6%
30.09.2012 99.9%
31.12.2012 98.0%1)
2013 CR
31.03.2013 100.9%
30.06.2013 100.0%
30.09.2013 101.1%
31.12.2013 102.0%
2014 CR
31.03.2014 102.8%
30.06.2014 104.0%
30.09.2014 105.1%
31.12.2014 105.8%
2015 CR
31.03.2015 105.9%
30.06.2015 104.2%
30.09.2015 102.9%
31.12.2015 101.7%
2016 CR
31.03.2016 99.8%
30.06.2016 100.3%
30.09.2016 101.4%
31.12.2016 101.4%2)
2017 CR
31.03.2017 103.0%
30.06.2017 103.5%
30.09.2017 104.2%
31.12.2017 102.3%3)
2018 CR
31.03.2018 101.2%
30.06.2018 101.7%
30.09.2018 102.1%
31.12.2018 98.4%
2019 CR
31.03.2019 101.9%
   
   
   

Note: coverage ratios provided during the year are estimated; no revisions are made.
CR = coverage ratio
1)  Reported coverage ratio as of December 31st 2012, taking into consideration the reduction of the technical interest rate from 3.5% to 2.5%. If the technical interest rate had not be reduced, the provisional coverage ratio would have been above 100%.
2)  Coverage ratio shown as of 31.12.2016, taking into account the reduction in the technical interest rate from 2.5% to 2.25%.
3)  Coverage ratio shown as of 31.12.2017, taking into account the reduction in the technical interest rate from 2.25% to 1.75%.
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