Life insurance: Société Générale maintains a rate above 3% in 2024

Société Générale has revealed the 2024 rates for its euro funds, with an average return of 3.31%, identical to that of 2023 and higher than the expected market average. The group is also renewing its remuneration bonuses for 2025 and 2026.

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After the ball of mutual announcements, it is Société Générale which is the first bank to come out of the woodwork to announce the rates served in 2024 on its fund in euros. Sogécap – life insurance company of the Société Générale group – has in fact announced an average rate used as 3.31%* on the guaranteed capital supports of its savings contracts. An average return identical to that paid in 2023, and well above the expected average for the entire market for the past financial year.

Indeed, according to estimates from the Facts & Figures firm, the remuneration of euro funds should decline slightly in 2024, with 2.50% distributed on average, compared to 2.60% in 2023. In detail, the returns contract by contract are given on average, because the remuneration varies depending on the portion of unguaranteed support subscribed (units of account or CU). It is thus 3.03% for the Séquoia life insurance contract, 3.25% for the (high-end) Ebène life insurance and 3.42% for the Acacia retirement savings plan (PER). .

Another 1% bonus to be won on the future 2025 rate

In addition, the bancassurance insurer points out that customers who made payments on their contract in 2024 were awarded a remuneration bonus (between +1% and +1.5%) depending on the portion invested in units of account. A commercial offer renewed this year: “Customers will thus benefit from enhanced returns of at least 100 basis points (1%) for 2025 and 2026 on all payments incorporating at least 15% in units of account”specifies the bank in a press release.

*Annualized return net of management fees, but before social security contributions (17.2%) and possible taxes.