Quarterly report Q1 2025

24 april 2025

Heerlen/Amsterdam, 24 April 2025.

• Current funding ratio rises to 115.6 per cent in Q1

• First quarter investment return: -4.0 per cent (-€21.8 billion)

• Pension liabilities fall to €450 billion in Q1

• Policy funding ratio rises to 113.8 per cent in Q1

ABP’s financial position improved in the first quarter of 2025. The current funding ratio rose from 111.7 per cent at the end of 2024 to 115.6 per cent at the end of March 2025. The increase in interest rates caused the fund’s pension liabilities to fall to €450 billion. The stock markets posted a negative return in the first quarter. ABP’s assets therefore fell to €520 billion.

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