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Life Insurance – 2022 Performance Rankings – News

After years of low prices, a turning point is beginning in the euro life insurance world. The vast majority of companies that have started to publish their rates, especially mutuals, generally go back above the 2% net return mark, or even 2.5% for some. A level almost unattainable in 2021.

The provisional winners

Mutuals are clearly doing well at the start of the year, posting almost all rate increases of at least 0.4 basis points. Their average rate is thus around 2%. The prize so far goes to the mutual MACSF, which advertises a net return of 2.5%. One nuance though: Many bancassurance companies and traditional private insurance companies have not yet communicated their results for 2022. %), but on the whole less ambitious than those of mutual insurance companies.

It should be noted that the Vivaccio fund from Banque Postale, whose dividend reached abysmal funds (around 0.65%) is no longer marketed. Not much return at the moment from online life insurance contracts either, except for the Linxea Zen contract, this fund in euros, whose return is increasing significantly (from 0.86% to 1.30%). It should also be remembered that the level of the announced rate is not only linked to the performance of the life insurance funds in euros, but also to the business policy of the insurance company, which may decide to dip a little more into its reserves in certain periods to show a more attractive rate for to attract new savers.

Rise in trompe l’oeil

However, the good results of the first announced rates must be put into perspective with regard to the high inflation last year (6%), which ultimately currently leads to a impoverishment of savers. Regulated booklets, especially booklet A, today perform better than life insurance in terms of the returns paid. The Livret A account has recently shown a rate of 3.3%. Logic: its rate is revalued directly according to inflation. But it doesn’t necessarily have to last. Because the rates advertised by the life insurance are themselves linked to the performance achieved over the past year of government bonds (and some shares subscribed to minority shares) that the Eurofunds have invested in. However, these rates are not directly adjusted in relation to inflation. They vary according to the price of the new bonds that are issued each year. The effects of inflation are thus felt much more slowly.

However, nothing has been decided. It is already being said that we may see some slowdown in inflation in the coming months. Covered bonds may experience a further increase in demand.

2022 return on 23 life insurance contracts*

Insurance company and contract name 2022 return
(reminder of the 2021 tariff)*
Development over 1 year

Affair
After multi-support

2.01% (1.70%) +0.31
Agipi

Agipi
Agipi Foundation

NC (1.10%) CN
Beetle

Beetle
Euro guaranteed

0.95% (0.86%) +0.09
Asac-Fapes

Asac Fapes Alliantz
Pension savings

2% (1.80%) + 0.20
Ax

Ax
Odyssey

NC (0.90%) CN
BNP Paribas Cardiff

BNP Paribas Cardiff
BNP Paribas Multiinvestments

2% (1.10%) +0.90
Boursorama

Boursorama
Eurossima

NC (1%) CN
savings bank

savings bank
Millievie

NC (0.75%) CN
Grade

Grade
Profileo

NC (1.20%) CN
Fortuneo

Fortuneo
Suravenir dividend

1.30% (1.30%) 0
General

General
Eurossima

1.30% (0.75%) + 0.55
GMF

GMF
Multeo

2.05% (1.50%) + 0.55
Postbank

Postbank
Vivaccio

NC (0.70%) CN
The conservative

The conservative
Legacy of Helios

1.10% (2%) – 0.90
Linxea

Linxea
Linxea Zen

1.30% (0.86%) +0.44
Sorry

Sorry
Winalto

2.05% (1.65%) + 0.40
Macif

Macif
MultiLife

1.80% (1.15%) + 0.65
MACSF

MACSF
RES

2.50% (2.10%) + 0.40
May

May
New Chap

2.10% (1.30%) +0.80
mif

mif
Future Free Savings Account

2.20% (1.70%) + 0.50
SMA-Life

SMAvie BTP
Batiretraite Multiaccount

1.66% (1.50%) +0.16
Swiss life

Swiss life
Swiss Life Liberty

NC (NC) CN
Yomoni

Yomoni
Yomoni life

2.10% (1.80%) + 0.30

Source: Institutions. NC: not stated.
* Prices excluding administration fees, but gross of social contributions and fees for payments.

A decade of life insurance returns

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