You have a life insurance policy. Due to lack of time or financial knowledge, you have chosen to opt for pilot management. How much did this choice bring you in 2023?
The 2023 performance of Euro life insurance funds is no longer a secret. In fact, from January onwards, banks, insurers and brokers revealed their rates. A good year for life insurance since the average performance is 2.6% according to a report from the ACPR, the policeman of banks and insurers. Some euro funds even exceed 3% of the Livret, such as Garance life insurance (3.5%), Bourso Vie (3.10%), BoursoBank or even La France Mutualiste mutual insurance (3.7%). %).
Performances that only concern the euro fund. However, like many savers, you may be diversifying your investments in units of account (UC) in order to generate more returns. But with little or no financial knowledge, you have opted for management under mandate, also called pilot management.
Pilot management therefore consists of delegating a professional distribution and arbitration between the different supports of a life insurance contract. These are portfolio management companies (Rothschild Gestion, Lazard Frres Gestion, Oddo BHF AM, Carmignac, La Financire de l’Echiquier, etc.) which oversee the management and indicate to your insurer in which funds it must invest.
Pilot management can pay off big. But its performance depends in particular on risk taking and of the distribution carried out by the manager. From one year to the next, everything can change. And this is also what happened between 2022 and 2023. Let’s go back in time to 2022: the Paris Stock Exchange had fallen by -9% over 12 months and practically all life insurance contracts bearing a risk share served negative returns. And this, whatever the profile: from the most cautious to the most offensive, the observation is the same.
Good news, 2023 was a much better year for the financial markets. Result, the flagship index of the Paris Stock Exchange, the CAC 40, ended the year +16.52%, its third best performance over the last ten years. What impact did this increase have on the performance of management under mandate? It’s simple, the returns are new positive and some even erase the very bad year 2022.
Life insurance: the results (from worst to least worst) of the dark year of pilot management
The performance of online banks
Pilot management has become widely democratized and is now accessible to all budgets. Some contracts only require an entry ticket of a few hundred euros. the image of the Fortuneo Vie contract whose entry ticket for management under mandate amounts to 500 euros or even 300 euros for the Bourso Vie contract of the famous online bank BoursoBank.
| Online banks | Cautious profiles | Profile name |
|---|---|---|
| Boursorama Life | 5.9% | Defensive |
| 8.6% | Sycamore AM (defensive) | |
| 6.13% | Ex ING Vie (Rothschild&Co) | |
| Fortuneo Life | 4.05% | Modere |
| Monabanq Premium Life | 4.46% | Modr profile |
Profiles providing for an allocation invested mainly (more than 50%) in the fund in euros or money market and bond funds are classified as prudent.
Source: declaration of establishments, in April 2024.
| Online banks | Balanced profiles | Profile name |
|---|---|---|
| Boursorama Life | 7.79% | balance |
| 10% | Sycamore AM (balance) | |
| 7.89% | Ex ING Vie (Rothschild&Co) | |
| Fortuneo Life | 8.70% | Balance |
| Monabanq Premium Life | 9.41% | Sustainable Investment Balance |
The balanced category includes profiles presented as such by distributors and whose allocation to the fund in euros and bonds is around 30% to 50%.
Source: declaration of establishments, in April 2024.
| Online banks | Dynamic profiles | Profile name |
|---|---|---|
| Boursorama Life | 8.66% | Reactive |
| 9.44% | Dynamic | |
| 8.79% | Offensive | |
| 11.30% | Sycamore AM (dynamic) | |
| 9.22% | Ex ING Vie (Rothschild&Co) – Dynamic | |
| 12.34% | Ex ING Vie (Rothschild&Co) – Offensive | |
| Fortuneo Life | 10.56% | Dynamic |
| Monabanq Life Premium | 14.10% | Dynamic Sustainable Investment |
When the proportion of low volatility or guaranteed supports falls below 30%, the profile is systematically categorized as risky.
Source: declaration of establishments, in April 2024.
The best life insurance contracts with reduced costs
Are brokers and fintechs doing even better?
Online banks are not the only ones showing good performance over the past year. The returns on pilot management of brokers and other fintechs skyrocketed in 2023, after a disastrous 2022.
| Web broker contracts | Cautious profiles | Profile name |
|---|---|---|
| Altaprofits Life | 3.36% | Risk 1 |
| 4.12% | Risk 2 | |
| 4.79% | Risk 3 | |
| Linxea Avenir 2 | 4.38% | Defensive |
| Linxea Life | 4.94% | Defensive |
| Linxea Spirit 2 | 4.61% | Defensive |
| Linxea Zen | 3.73% | Defensive |
| M Life Allowance Strategy (Best Placement Rates) | 4.41% | Careful |
| Direct-investment Essential | 4.7% | Cautious 1 |
| 4.8% | Cautious 2 | |
| 5.1% | Cautious 3 | |
| Direct Investment Life | 2.5% | Cautious 1 |
| 2.9% | Cautious 2 | |
| 3.9% | Cautious 3 |
Source: declaration of establishments, in March 2023.
| Web broker contracts | Balanced profiles | Profile name |
|---|---|---|
| Altaprofits Life | 5.49% | Risk 4 |
| 6.27% | Risk 5 | |
| Digital Life Prime (Altaprofits) | 10.30% | Balance |
| Digital Life Prime (Altaprofits) | 3.98% | Heritage |
| Linxea Avenir 2 | 7.05% | Balance |
| Linxea Life | 7.64% | Balance |
| Linxea Spirit 2 | 7.74% | Balance |
| Linxea Zen | 7.18% | Balance |
| M Life Allowance Strategy (Best Placement Rates) | 6.27% | Balance |
| Direct-investment Essential | 6.5% | Balance 1 |
| 6.8% | Balance 2 | |
| 7.4% | Balance 3 | |
| Direct Investment Life | 4.2% | Balance 1 |
| 4.9% | Balance 2 | |
| 5% | Balance 3 |
Source: declaration of establishments, in March 2023.
| Web broker contracts | Dynamic profiles | Profile name |
|---|---|---|
| Altaprofits Life | 4.05% | Carte blanche |
| 6.86% | Risk 6 | |
| 7.60% | Risk 7 | |
| 8.30% | Risk 8 | |
| 8.91% | Risk 9 | |
| Digital Life Prime (Altaprofits) | 4.29% | Carte blanche |
| 13.17% | Dynamic | |
| Linxea Avenir 2 | 9.53% | Dynamic |
| 11.52% | Aggressive | |
| Linxea Life | 10.04% | Dynamic |
| 11.97% | Aggressive | |
| Linxea Spirit 2 | 10.02% | Dynamic |
| 12.13% | Aggressive | |
| Linxea Zen | 6.98% | Dynamic |
| 11.52% | Aggressive | |
| M Life Allowance Strategy (Best Placement Rates) | 7.93% | Dynamic |
| 12.36% | Offensive | |
| Direct-investment Essential | 9.4% | Dynamic 1 |
| 10% | Dynamic 2 | |
| 11.2% | Offensive | |
| Direct Investment Life | 5.2% | Dynamic 1 |
| 5.4% | Dynamic 2 | |
| 6.3% | Offensive | |
| Titles@Life (Altaprofits) | 6.59% | Private Management |
| 4.18% | Carte blanche |
Source: declaration of establishments, in March 2023.
And here are the 2023 performances of fintechs, new players in the life insurance market:
| Fintech contracts | Cautious profiles | Profile name |
|---|---|---|
| Goodvest | 6.16% | Cautious profiles |
| My Little Investment * | 2.66% | Voluntary |
| 5.53% | Energetic | |
| Nalo Heritage ** | 6.20% | 25% shares, standard |
| 6.30% | 25% shares, co-responsible | |
| Ramify | 7.99% | Cautious (3/10) |
| Yomoni Life | 5.2% | P2 |
| 6.1% | P3 | |
| WeSave Heritage | 7.74% | Profile 1 |
| 7.06% | P2 |
* Mon Petit Placement does not offer true pilot management but advisory or co-pilot management.
** Nalo is a special case: the fintech does not offer a typical management profile, only tailor-made, but communicates typical performances in order to be able to be compared to other managers.
Source: declaration of establishments, in April 2024.
| Fintech contracts | Balanced profiles | Profile name |
|---|---|---|
| Goodvest | 8.79% | Balanced profiles |
| My Little Investment | 14.01% | Ambitious |
| Nalo Heritage | 7.8% | 50% shares, standard |
| 6.8% | 50% shares, co-responsible | |
| Ramify | 11.28% | Balance (5/10) |
| Yomoni Life | 8% | P4 |
| 9.8% | P5 | |
| 11.7% | P6 | |
| WeSave Heritage | 7.67% | P3 |
| 8.35% | P4 | |
| 8.89% | P5 |
| Fintech contracts | Dynamic profiles | Profile name |
|---|---|---|
| Goodvest | 12.54% | Risk profiles |
| My Little Investment | 12.6% | Fearless |
| Nalo Heritage | 8.9% | 75% shares, standard |
| 6.3% | 75% shares, co-responsible | |
| Ramify | 17.51% | Offensive (9/10) |
| Yomoni Life | 13.1% | P7 |
| 14.4% | P8 | |
| 15.8% | P9 | |
| 18.6% | P10 | |
| WeSave Heritage | 12.21% | P6 (offensive 1) |
| 13.68% | P7 (offensive 2) | |
| 15.28% | P8 (offensive 3) | |
| 16.24% | P9 (aggressive 1) | |
| 18.24% | P10 (aggressive 2) |
Certain players, absent from this comparison, were contacted by MoneyVox but did not communicate their 2023 performances.
Life insurance: Yomoni’s performance soars in 2023
Pilot management, a long-term option
The pilot management of life insurance is a long term bet. Performance can greatly fluctuate from one year to the next. The proof is this year. for example, Monabanq Vie Premium which posted a performance of -14.24% in 2022 on the dynamic profile, +14.44 in 2021 and which rises to +14.10% in 2023. Boursorama, dynamic profile led by Edmond de Rothschild AM: -17.5% in 2022, +9.44% in 2023 and +41.7% over 10 years. Another example with Meilleurtaux Allocation Vie: -10.34% in 2022 compared to +7.93% for the current year.
each management profile is also associated a rating of 1 7, a risk indicator, the SRRI. The higher this is, the more the management company will bet on volatile funds high expectation of earnings.
Before choosing your risk profile, ask yourself two questions: how much can you lose at most in the event of a market fall and what is your investment horizon? Then compare the contracts, their pass returns but also associated costs to the choice of management under mandate. Do not hesitate to contact your advisor to discuss it.
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