This insurance compensates for part of the loss of earnings suffered by people who perform military service, civilian service or serve in civil defence. Since 2005, it has also compensated for loss of income due to maternity (maternity allowance) and, since 2021, for loss of income due to paternity leave. It is compulsory and all persons subject to OASI/InvI contribute to it.
Overall, social insurance capital rose by 15% or CHF 246 million, reflecting an increase in the insurance reserves.
Income rose by CHF 67 million or 3.2%. Expenses rose by 5.9% to CHF 111 million.
This resulted in a positive operating result of CHF 173 million, which complements the positive share of investment performance of CHF 73 million to give a comprehensive result of CHF 246 million.
Read moreThe LEC's annual results and capital statements are available from 1960 to 2023 (in CHF million). Evolution of the result over the last five years.
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