Old-age and survivors' insurance (AHV) is the main pillar of the Swiss social security system. The old-age pension is intended to enable the insured person to retire from working life at the planned age and, together with the professional pension scheme, to guarantee material security during retirement. The survivors' pension is intended to prevent the death of a parent or spouse from causing undue financial hardship.
The AHV capital increased by 5.5% (or CHF 2.6 billion), thanks to the profit for the year of CHF 2 583 million.
Revenues increased by 3% or CHF 1 351 million.
Expenses increased by 2.3 % or CHF 1 050 million.
The insurance activity generated a distributable profit of CHF 880 million and made a positive contribution to the result. Investment management contributed a positive result of CHF 1 652 million. Interest from IV of CHF 51 million rounds out the income statement, resulting in a total result of CHF 2 583 million for the AHV Fund.
Read moreThe results for the year and statements of the AHV capital are available from 1948 to 2021 (in CHF million). Evolution of the result over the last five years.
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