From January to June this year, the four Pension Fund Administrators (AFP) obtained a profit of S/248 million 367,000which represents a growth of 12.4% compared to the same period in 2022, when net profit was S/220 million 911,000, according to official data from the Superintendency of Banking, Insurance and AFP (SBS).
According to the financial statements of the AFPs, it is detailed that for the concept of commissions they received S/577 million 378,000 at the end of the first half of 2023, 4.09% less than the first six months of the previous year, a period in which revenues of S/601 million were obtained.
Which AFP obtained higher profits?
The AFP that did better in the first half of the year was AFP Premiumwhich reported a net profit of S/94 million 842,000, which represents an increase of 22.54% compared to the first half of 2022, when it registered S/77 million 394,000.
future for his part, he won S/65 million 082,000 and AFP Integra had a profit of S/64 million 558,000. While AFP Habitat obtained profits of S/23 million 885,000.
Profitability recovers
On the other hand, the cost effectiveness of the four pension funds have shown a recovery and all registered a positive performance as of June this year, reported the SBS.
In detail, Fund 0 registered a nominal return accumulated to June of 7.27%. While Fund 1, designed for affiliates over 60 years of age, had a yield of 12.30%.
Meanwhile, Fund 2, designed for young and middle-aged affiliates (45 to 60 years old), reported a positive performance of 6.07% at the end of June. For its part, Fund 3, which presents high volatility, was the one with the lowest nominal return with 0.76%.
Source: Larepublica
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