Life insurance: MACSF reveals a rate of 3.10% for its euro fund in 2024

MACSF members will benefit from a return of 3.10% net of management fees in 2024 on their life insurance contract in euro funds. A stable rate compared to 2023, but higher than the expected market average.

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Good news for members of the mutual insurer MACSF: the return on the euro fund of their life insurance contract will be maintained in 2024, while it should fall on average for the rest of the market. During a press conference this Tuesday, January 7, the mutual announced that it would provide all its members with the same rate of 3.10%* (net of management fees) on its fund in euros – i.e. a rate identical to that of 2023 -, while the average rate of guaranteed capital supports is anticipated at 2.50% by the Facts & Figures firm. Remuneration slightly down compared to 2023 (2.60%).

This rate of 3.10% will place its life insurance contract (RES Multisupport) at the top of the ranking of the best returns of the last vintage. According to Facts & Figures, the best students should in fact not exceed 4% yield, unlike those of 2023. For the moment, two other mutuals have already communicated yields also higher than the average expected for the market: 3 .5% for Garance and 3.75% at Ampli mutual.

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A more diversified portfolio than its competitors

Performance that these players explain by the diversification of their portfolio of financial assets. At MACSF, nearly 70% of the euro fund remains composed of bonds, “but above all corporate bonds, which perform better than government bonds”pointed out Eric Dubos, financial director of the MACSF group. Bonds which further benefited from the rise in rates in 2024, since the mutual subscribed for 4 billion euros at an average rate of 3.83%. “This share of bond products, however, remains lower than among our competitors”recalled Eric Dubos. The rest of the portfolio, filled with riskier assets, also contributed to the good performance of the euro fund, with, for example, 4% of shares listed on the stock exchange, 10% of unlisted shares, and 6% of real estate assets held directly by the mutual, mainly in Paris intramural.