The year starts with the traditional communications of the insurers of the returns of their funds in euros. The MACSF opened the ball on January 6 by revealing a very good performance of its contracts, around 1% above the average expected for 2021.
This performance has proven to be the best so far, even if a handful of other insurers are posting rates above 1.5%. That of Afer – which acts as a benchmark on the market – is stable at 1.7%, a result that is all the more honorable as the association has also filled up its reserves.
Summary of the other 2021 rates communicated to date:
Performance of life insurance contracts 2021 (euro funds, PER)
Character
- Returns on Carac’s euro funds are limited to 0.85% this year (Carac Savings Protection) and 1.2% (Carac Savings Account, closed to marketing);
- Carac announced increases in yield for its multi-support contracts (25% minimum unit-linked, +0.35 point) and solidarity savings (+0.10 point), thus serving 1.2% for Carac Heritage Savings and Generation Savings, 1.4% louse Character Profileo, 0.95% for Carac Solidarity Savings and 1.3% for Entraid’Epargne Carac (closed to marketing).
gaiparous*
- The association’s funds in euros (Allianz) will distribute a rate of 1.8% this year, down slightly from 2020 (1.9%) (Gaipare I/II/Selection/Select F/Selectissimo/Fidelissimo), for a five-year cumulative return of 11.49%;
- The portfolio is made up of 90% rate products including 54% sovereign bonds, 26% credit products, 7% secured products and 3% bonds from emerging countries. 10% of the funds are subject to a diversification strategy in equities, real estate and in alternative investments, the latter being destined to increase over time;
- It should be noted that €14 million was allocated in 2021 to the provision for profit sharing, from which the funds had drawn €6.6 million last year to support the return of funds in euros. This currently represents 2.45% of the total stock of Gaipare’s fund assets in euros, representing a provision of around €82 million;
- Unit-linked units held up well, with returns of between 9.99% (Allianz Team Formula 1) and 26.11% (Gaipare Actions, European equities);
- The total outstanding amount of Gaipare contracts remained stable at €3.87 billion. Over the whole of 2021, net inflows amounted to -€18m with -€56m on funds in euros and +€38m on unit-linked units;
- In an environment that is still difficult and expected to be more volatile than in 2021, Allianz, manager of Gaipare contracts, has announced that it will pursue a strategy of diversifying its portfolios in 2022
very selective
.
*Interprofessional associative group for the improvement of retirement and savings.
Mutalist France
- 1.31% Where 1.51% for its multi-support life insurance policies Actepargne2, Actepargne2 Young people, Actepargne2 Seniors, Actepargne2 Protected persons, Young Future Booklet, and RM booklet, according to the percentage – lower or higher than 25% – of savings invested in units of account;
- 2% for the Combatant’s Mutualist Retreat (RMC) whose subscription is older and the term longer. Annuities constituted with a technical rate lower than 2% are revalued in the form of a participation in the surpluses;
- 1.6% for its individual retirement savings product LFM PER’Form, launched in December 2020;
- 1.51% for its multi-support life insurance policy Bridge, which includes an investment of up to 35% in a dynamic unit-linked fund with no risk of capital loss at term (on January 2, 2031) or in the event of death: LFM Actions Monde Controlled Volatility.
Mutavie (Macif)
- The mutual group’s euro funds show 2021 rates included between 1% and 1.75%, for a reserve level of 5.4%;
- Contracts open to marketing: Multi Life and PER Multi Horizon Retreat : 1.15% ; Jeewan Heritage : 1.25% at 1.65% according to the proportion of units of account in the contract (1.45% for 20% UA, 1.65% for 40% UA);
- Closed contracts: Life booklet : 1% ; Actiplus : 1.6% ; Actiplus Option : 1.75% ;
- Multi-support contracts: from 3.08% at 8.57% for the Sélections Plurielles range of Multi Vie; of 5.64% at 9.06% for the PER Multi Horizon Retraite; of 1.66% at 12.43% for the management under mandate of Jeewan Patrimoine.
Primal
- Primonial’s “dynamic” euro funds have had a successful 2021. After a zero return in 2020, Security Target Euro posts 2.35% return in 2021, representing an annualized average performance of 2% per year over six years, above the market average. Its support in euros of waiting Euro Springboard – in which customer savings are invested in year N before being transferred to Target Euro Security the following year – delivered a performance of 1.2%, stable compared to 2020 and within the expected market average for 2021;
- The dynamic fund specializing in infrastructure investments, Infra-Euro Security, sign 2.1%, stable compared to last year;
- The “PER” version of Target Euro Security, Euro Retirement Security, offers the same yield of 2.35%, with its Euro Tremplin holding fund also serving a performance of 1.2%
- The bottom Euro Classic by PrimoPER, is at 1.2%, up 10 basis points from 2020.
- On the multi-media side, Dynamic Future Chessboard is at 10.63%.
Sogecap (Societe Generale group)
- Essential Maple : 0.75% to 1.76%, depending on the amount and the unit-linked portion of the contract;
- Sequoia : 0.75% to 1.84%, depending on the amount and the unit-linked portion of the contract;
- Ebony : 1.15% to 1.8%, depending on the unit-linked part of the contract;
- PER Acacia : 1.20% to 1.8%, depending on the unit-linked part of the contract.
That is 1.32% return on average on its euro support in 2021 (+11 basis points compared to 2020), but including a yield increase paid according to the unit-linked portion subscribed to in these contracts. A novelty that plans to serve a supplement of:
- +15% if this share is between 15% and 35%;
- +35% if it is between 35% and 50%;
- +50% if it is above 50%.
For products in euros without units of account, these performances remain limited to 0.75% (Essential Maple, Sequoia) and 1.15% (Ebony), as well as 1.2% for the PER Acacia.