A 2022 financial year result that marks the return of the financial balance to positive values

In the financial report published following the Board of Directors meeting on June 27, the CEO reflects on the results of the 2022 fiscal year, a year marked by inflation, the conflict in Ukraine, supply shortages, and supply chain tensions. In this economic context, Unemployment Insurance once again demonstrated resilience, adjusting its financing to the new market conditions and committing to the path of reducing its debt.



July 7, 2023

In 2022, the economic activity benefited from the significant rebound already observed in the second half of 2021 when the health crisis ended. Thanks to exceptional revenue dynamics and a decrease in expenses related to the decrease in unemployment rates and the cessation of various emergency measures, the result increased by €10.2 billion between 2021 and 2022.

Closely tied to the macroeconomic context and following a historic decline of 6.7% in 2020, resources continued the recovery trend initiated in 2021 (+10.2%) to grow by 8.1% in 2022.

Expenses accounted for under the Unemployment Benefits (ARE) amounted to €29.5 billion in 2022, compared to €33.6 billion in 2021, representing a 12% decrease, which can be attributed to a decrease in the average number of compensated days (-0.76%).

Expenses accounted for under the ARE Training (ARE-F) amounted to €1.94 billion in 2022, compared to €2.06 billion in 2021, representing a 5.5% decrease.

Expenses related to the Specific Reassignment Allowance (ASR) and the Professional Safeguard Allowance (ASP), excluding the CSP premium, amounted to €808 million in 2022, compared to €1.2 billion in 2021, representing a 34.5% decrease, primarily due to an increase in the number of days paid in CSP (-33.70%) coupled with a decrease in the average daily rate (-3.15%).

After accounting for the Unemployment Insurance contribution to the financing of supplementary retirement benefits for beneficiaries (€2.2 billion in 2022, down from 2021), participation in Pôle emploi's budget (€3.9 billion), and a drastic reduction in the financing of partial unemployment (€195 million in 2022, down from €2.5 billion in 2021), technical management expenses decreased by 13.5% between 2021 and 2022.

The result of technical management is positive at €3.7 billion, an improvement compared to the €6.5 billion deficit in 2021.

After considering the result of administrative management of -€34 million, financial management of -€299 million, exceptional results, and income tax on property rents, the net accounting result for the year is positive at €3.4 billion.