Page 23 - Seafarers_Pension_Fund_Annual_Report_2022

Annual Report of the Board

Seafarers’ Pension Fund 2022 Annual Report

Key Figures 2022 2022 2021

49.7 40.0
58.7 57.1
Premium income (million EUR) 66.2 73.8
Government share of the MEL pension expenditure (million EUR) -23.2 201.2
Pensions and other benefits paid (million EUR) 1 ) -1.7 16.2
Net investment income at current values (million EUR) 148.1 199.4
Net investment return on capital employed, %
Turnover (million EUR) 6.7 5.8
Total operating expenses (million EUR) 4.5 2.9
Total operating expenses, % of turnover
Total operating expenses without the costs of investment activities and 3.8 3.3 4)
disability risk management, and the judicial administration charge (million EUR) 1.5 1.6 4)
% of the MEL payroll -37.7 122.8
Overall result (million EUR) 1,075.8 1,056.6
Technical provisions (million EUR) 650.1 687.7
Solvency capital (million EUR) 2 ) 3.39 3.23
in relation to the solvency limit 1,373.6 1,419.6
Pension assets (million EUR) 190.5 194.9
% of the technical provisions 3 ) 261.5 210.4
MEL payroll (million EUR) 33 31
MEL policies (employers) 7,086 5,709
MEL insured 7,910 8,001
Pension recipients

1) Income statement item “Paid pensions and benefits without expenses for claims incurred and costs of disability risk management”.
2) Calculated in accordance with the regulations valid at each given time (the same principle also applies to other solvency indicators).
3) Technical provisions + solvency capital in compliance with the decree of the Ministry of Social Affairs and Health (STM 614/2008),
section 11, paragraph 10. Until 2016, technical provisions + difference between current and book values.
4) Corrected sum for comparison period of 2021.

23 23