Regional newsroundup Chilean pension companies’ profits driven by improved performance on the investment front

Chilean pension companies increased their operational profitability during the first quarter of 2009. However, the poor returns by funds under their management provided little comfort for subscribers

Following the excellent results from the life and non-life insurance sectors, the five Chilean AFPs (Pension Fund Administrators) reported a sharp increase in first quarter earnings, which jumped by 850 % to US$106.5mn.