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Our financial situation

Various factors affect our financial situation, with the coverage ratio serving as a key indicator. This reflects the relationship between assets and liabilities.

October 2025

We will announce the coverage ratio for the end of November 2025 on Monday, December 15.

Current coverage ratio
123.6%
Green arrow up

2.0% higher than in September 2025
Policy coverage ratio
116.2%
Green arrow up

0.9% higher than in September 2025

The current coverage ratio shows whether ABP has sufficient funds to meet present and future pension liabilities. A 100% coverage ratio means ABP has precisely €100 in assets for every €100 in pension liabilities. This ratio guides decisions on potential collective value transfers.

The policy coverage ratio is the 12-month rolling average of the coverage ratios. This guides decisions on individual value transfers and pension indexation.

Higher than 110 %

The policy coverage ratio is high enough for indexation.

Lower than 110 %

The policy coverage ratio is not high enough for indexation.

 

 
More details on the coverage ratio

How is the current coverage ratio determined?

Assets

€ 543 billion
Green arrow up

Increase of € 11 bln compared to September 2025

Assets are ABP’s available funds.

  • An increase in assets has a positive impact on the coverage ratio.
  • A decrease in assets has a negative impact on the coverage ratio.

Liabilities

€ 439 billion
Green arrow up

Increase of € 1 bln compared to September 2025

Liabilities are the pensions we must pay now and in the future.

  • A decrease in liabilities has a positive impact on the coverage ratio.
  • An increase in liabilities has a negative impact on the coverage ratio.

Which factors influence the assets and liabilities?

Return on assets

€ 11.0 billion
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Effect on coverage ratio: 2.5 pt. 

Returns affect assets. Higher returns lead to a more significant increase in assets. Negative returns lead to a decrease in available assets.

Our investment results

Actuarial interest rate for liabilities

2.8% (0.0 pt.)
Red arrow down

Effect on coverage ratio: -0.3 pt.

The actuarial interest rate determines the assets we need to accommodate our future pension liabilities.

Explanation of actuarial interest rate

Premium

27.0%

Percentage of (salary -/- franchise)

You pay 8.1%. Your employer pays 18.9%.

Pension premium: who pays what?

Life expectancy

88.5 years

Average life expectancy

For life expectancy, we consider ABP participants who are currently 65 years old.

More information

Pension indexation

1.84%

For 2025

More information about the indexation of your pension?

Read more