Policy funding ratio at year-end February 2022: 128.6%
At the end of February, the policy funding ratio was 128.6%. This was 126.0% at the end of December 2021 and 127.0% at the end of January. The policy funding ratio and is the average funding ratio at market value over the past 12 months. The funding ratio on market value without the 12-month averaging is this month 132.2%.