FDC’s annual report 2024 sets out the highlights of the past year as well as FDC's year-end results.

The geopolitical tensions of 2023 continued into 2024, although inflation appears to have been brought under control over the course of the year in most economic areas. The prospects of artificial intelligence and the share prices of technology giants similarly continued to have a strong influence on stock markets, which performed exceptionally well despite political developments and uncertainties.

In this context, the net income generated by FDC in 2024 amounted to 2.96 billion euros. Overall, FDC's annual rate of return was 11.24%. Since the SICAV was set up in 2007, FDC's annualised rate of return has reached 5.10%.

As of 31^st December 2024, FDC managed a pension reserve of 29.38 billion euros. Adding the balance of the Caisse nationale d'assurance pension (CNAP), the overall reserve of the general pension insurance scheme amounted to 30.67 billion euros and represented 4.39 times the amount of annual pension benefits at the end of the year 2024.

In addition to the financial management of the pension reserve, the past year was mainly dedicated to finalising the implementation of FDC's revised investment strategy and responsible investor policy, drawing FDC's second Sustainable Investor Report, reviewing and updating certain governance documents as well as continuing the development of FDC’s major real estate projects.