Heerlen/Amsterdam, October 20, 2022. For the third quarter in a row, ABP records a negative return on its investments (-€25.8 billion). However, ABP’s financial position will recover in the third quarter thanks to an increase in coverage ratios. In the third quarter of 2022, ABP’s latest coverage ratio rose from 1.5% to 124.2%. The increase is, as in the first six months of the year, mainly due to the rise in interest rates, which means that the fund needs much less capital (-€26 billion) to pay out all current and future pensions. This mitigates the loss on investments. As the latest coverage ratio increased, the policy coverage ratio in the third quarter also rose: to 116.4%.