In the previous review, at the end of 2021, the solvency ratio was 136.3 per cent. Thus, the solvency ratio declined by 2.4 percentage points during the first quarter of the year.
The pension insurance companies’ average solvency ratio was 133.4 per cent, while that of company funds and industry-wide funds was 150.2 per cent.
This information concerning the solvency of the insurance sector in the first quarter of the year has been published by the Financial Supervisory Authority. As defined in the reports of the Financial Supervisory Authority, earnings-related pension providers comprise private-sector pension insurers, i.e. pension insurance companies, company pension funds and industry-wide pension funds.
We have also updated the solvency statistics on our website so that they are congruent with the latest data:
The regulations on solvency only pertain to private-sector pension insurers, i.e. pension insurance companies, company pension funds and industry-wide pension funds. Solvency describes the pension provider’s capacity to bear risks. It is measured by determining the pension provider’s assets that exceed the technical provisions. If the assets invested exceed the technical provisions by a sufficient margin, the pension provider is solvent.