AVS closes 2019 with a …

The AVS ended 2019 with a profit of 1.682 billion francs. This result is explained by the positive results of the investments of the AVS Compensation Fund (2.801 billion). The distribution result is negative (-1.170 billion francs).

Social insurance therefore paid more annuities than it received contributions. The negative allocation result is part of a trend observed since 2014 already, said Tuesday the AVS / AI / APG compensation fund (compenswiss).

As in 2019, the loss was generally offset by a positive investment result. The latter is explained by the good performance of the financial markets. Interest paid by the IA (0.5%) also contributed to the good operating result.

Small benefit for AI

The IA also closed with a profit of 24 million francs. The investments brought in 407 million. They thus compensate for the loss of 383 million francs from the insurance allocation result. This reduction is due at the end of the additional funding period.

Although positive, the operating result does not allow a reduction of the IA debt to the AVS. This therefore remains stable at 10,284 million francs. Since the launch of the AI ​​Fund in 2011, IA’s positive operating results have, however, helped to reduce its debt by CHF 4,660 million.

The distribution result of the APG scheme has improved slightly. The insurance thus closed 2019 with a profit of 53 million francs. Operating profit amounted to 142 million francs due to good results on financial investments (89 million francs).

Fortune 34 billion

As of December 31, 2019, the cumulative net worth of compenswiss amounted to 36.470 billion francs, compared to 34.375 billion a year earlier. The share of the AVS stands at 31.105 billion, that of the IA at 4.368 billion and that of the APG regime at 997 million.

In total, the contributions of insured persons and employers to the AVS, the AI ​​and the APG scheme increased by 2.5% for each social insurance. The total assets of the AVS (including cash) generate a return of 9.62%, that of the IA a return of 9.81% and that of the APG a return of 9.81%.

The amount of assets to cover possible losses from the social insurance operating accounts reached 68.7% (66.7% in 2018) of the total AVS annual charges, 46.1% (44, 8%) of those of the AI ​​and 58.8% (50.8%) of those of the APGs.

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