Results of operations on supplementary pension insurance for the first quarter of 2023

The Social Security Supervision Department of the FSC announced  the results of the activity on supplementary pension insurance for the first quarter of 2023. The information is summarized on the basis of the reports for supervisory purposes submitted by the pension insurance companies to the Financial Supervision Commission. Data on the distribution of insured persons by gender and age in pension funds as of 31.03.2023 are also published.

The total number of insured persons in the four types of pension funds as of 31.03.2023 is 4 952 281 people, increasing by 1.55% compared to 31.03.2022.

As of 31.03.2023 the net assets of the pension funds are worth 20 205 288 thousand. Lv. Compared to 31.03.2022, the net assets of pension funds increased by 5.07%.

Persons receiving payments from the funds for making payments as of 31.03.2023 14 194, of which 1 392 pensioners and 12 802 persons with deferred payments. These are persons who have been insured in universal pension funds and have reached retirement age. In the first quarter of 2023, 829 thousand were paid from the payment funds. Lv. for pensions, 13 676 thousand. Lv. for deferred payment of insured persons and 58 thousand. Lv. of heirs of persons who have received deferred payments.

The total revenues of pension insurance companies for the first quarter of 2023 amounted to 74,180 thousand. Lv. The net financial result of the companies for the period amounts to 27 871 thousand. Lv.

Detailed information about the results of the activity on supplementary pension insurance for the first quarter of 2023, as well as about the insured persons and the accumulated funds in the pension funds as of 31.03.2023 by gender and age can be found in section: Social security activity  / Statistics / Statistics and analyses.