Page 4 - Seafarers_Pension_Fund_Annual_Report_2022

Annual Report of the Board Report by the Board of
Directors for the Year 2022
Seafarers’ Pension Fund 2022 Annual Report
Key Figures
Strategy of the
Seafarers’ Pension Fund • Customers 2022 2021

Values Insured 7,086 5,709
Our key values are reliability, Shipping companies 33 31
sustainability and co-operation. Payroll (million EUR)
Task Pension recipients 261.5 211.0
We safeguard the pensions of seafarers. 7,910 8,001
Objective
We act in a responsible, cost- • Key figures for profit and loss account
effective and productive manner.
Insurance contributions (million EUR) 29.8 24.0
4 • Employers 19.9 16.0
• Employees

Liability distribution compensations (million EUR) 41.9 32.7

State’s share (million EUR) 58.7 57.1

Paid pensions (million EUR) -166.8 -163.7

Management costs (million EUR) excl. costs for invest- -3.9 -3.5
ment activities

• Investment activities

Assets (million EUR) 1,359 1,411

Return on investments, % -1.7 16.2

Net income of investments at current values (millionEUR) -23.2 201.2

Costs for investment activities (million EUR) -2,8 -2,3

• Pension liability and Solvency

Balance sheet technical provisions (million EUR) 1,076 1,057

Technical provisions (million EUR) 721 728

Solvency capital (million EUR) 650 688

Solvency ratio, % 190.1 194.4

Solvency position (z score) 3.4 3.2