Quarterly report 2nd quarter 2020 is published

The quarterly report for the second quarter of 2020 has been published. You can download the report via our website.

In the second quarter, the current funding ratio increased from 101.8% at the end of March 2020 to 108.1%. The increase in the funding ratio came after the funding ratio fell sharply in the first quarter as a result of the corona crisis. The second quarter was a special quarter, in which financial markets were in full swing. The main contributor to the coverage ratio was equity markets, which showed very good returns in the second quarter. The spread of the coronavirus decreased to such an extent that restrictions in socio-economic traffic could be removed. This led to a cautious recovery in the economy. Due to falling interest rates, our portfolio of investments in fixed-income securities also performed well in the second quarter. This also made a positive contribution to the funding ratio. Falling interest rates increased the value of the provision for pension liabilities. On balance, the funding ratio increased by 6.3 percentage points in the second quarter.