With an equity ratio of 34.8 % (2018/06/30: 36.3 %), Salzgitter AG enjoys a sound balance sheet, also after a reduction in the
actuarial rate applicable to pension provisions to only 1.00 %.
The
actuarial rate of the 10-year BTA in February 2019 increased by 173 basis points compared to February 2018, whereas the
actuarial rate of the BTA 5 years in February 2019 increased by 220 points, compared to the same month of the previous year.
To keep premiums affordable, they are set at a level that is, in aggregate, below the
actuarial rate and involves large subsidies from low-risk insureds to high-risk insureds.
The company aims to achieve an annual return in line with the requirements of the
actuarial rate and will try to improve it.
The three-year
actuarial rate of local or regional recurrence was less than 2 percent in this group.
One of the sticking points over renewal is the subsidy that the program provides to policyholders who pay less than the
actuarial rate for coverage.