At the beginning of January, several insurers, mutuals and distributors and life insurance contracts have already communicated the performance of their funds in euros for the year 2022.
As specialists anticipated, the first known figures show higher results compared to 2021.
At the end of a period marked by inflation, the rise in bond interest rates, and a sharp correction in the financial markets, savers’ life insurance contracts will have both suffered significant declines in unit-linked in listed shares and a recovery of their funds in euros, these guaranteed capital pockets which are essentially made up of bond securities.
In the light of the first results, we can make two observations, which deserve to be confirmed over the distributors’ communications, the latest of which are expected in February:
- Yield increases over one year are general, and those known to date are all above 2%;
- The annual increases are particularly important for contracts whose performance was low or very low in 2021;
Here is the ranking of the best returns communicated to date (the rates communicated are all net of management fees, but gross of taxation, taxes and social security contributions) :
1. Madder: 2.8%
In 2021, the mutual had served the best return on the market at 2.75%. This year, the increase is modest (+0.05) but the proposed rate should probably remain on the podium of funds in euros. It should be noted that Garance has also aligned the fund in euros with its PER with this performance: these contracts had distributed a return of 2.5% last year, and thus benefit from an increase of 0.50%.
2. MACSF: 2.5%
The return of the fund in euros of life insurance contracts and MACSF PER reached marks an increase of 40 basis points compared to last year, to its highest level since 2015. This increase was made without dip into the profit-sharing reserve, which has even been topped up a little.
It was made possible thanks to the short duration of its bond portfolio “ which made it possible to quickly seize reinvestment opportunities” as well as the good performance of its portfolio of unlisted securities, “which made it possible to realize significant capital gains “, specified the mutual in a press conference.
3. Milleis Private Bank: 2.15%
A good surprise for the holders of these contracts, who have benefited from a return that has more than doubled in one year. As of December 19, the establishment announced that its life insurance Epargne vie Milleis, its capitalization contract Capi Milleis, and the euro fund Barclays Prestige, will distribute a 2.15% return in 2022 against only 0.95% l ‘last year.
4. France Mutualiste: 2.11% to 2.61%*
Unlike the aforementioned distributors, the mutual varies its returns according to its different contracts. The effort made this year is significant as the mutual company has raised the bar of 2% return for all of its supports:
- For its flagship multi-support Actépargne2 life insurance policies, Actepargne2 Youth, Actepargne2 Seniors, Actepargne2 Protected, Livret Jeun’Avenir, and Livret RM, the rate goes from 1.31% to 2.11% (+80 basis points) for savers with a unit-linked share of less than or equal to 25% in these contracts. Like last year, the rate is increased by 20 basis points – to 2.31% – for investments with a unit-linked share of more than 25%;
- Historical contract of the mutual, the Combatant’s Mutualist Retreatwhich this year celebrates the centenary of its creation by the government, saw its yield increase from 2% to 2.61%;
- Individual PER LFM PER’Form (created in December 2020) takes 71 basis points and goes to 2.31%;
- The multi-support life insurance contract Bridge goes from 1.51% to 2.11% – special product which includes an investment of up to 35% in a dynamic unit-linked fund with no risk of capital loss at term (January 2, 2031) or in the event of death (LFM Actions Controlled Volatility World).
*(excluding funeral contracts)