FDC’s annual report 2023 sets out the highlights of the past year as well as FDC's year-end results.

Indeed, the year 2023 was marked by persistent geopolitical tensions, a still fragile economic recovery and the expectations of the financial markets about inflation being contained and that central bank rates would return to a level more propitious to economic development.

In this context, the net income generated by FDC in 2023 amounted to 2.32 billion euros. Overall, FDC's annual rate of return was 9.80%. Since its launch in 2004, FDC has posted an annualised rate of return of almost 4.30%.

As of 31 December 2023, 26.25 billion euros of the pension reserve was managed by FDC. Adding the balance of the Caisse nationale d'assurance pension (CNAP), the overall reserve of the general pension insurance scheme amounted to 27.39 billion euros and represented 4.25 times the amount of annual pension benefits at the end of the year 2023.

In addition to the financial management of the pension reserve, the past year was mainly dedicated to the implementation of FDC's revised investment strategy and responsible investor policy as well as the further development of FDC’s major real estate projects.