By Bob Jacksha, Chief Investment Officer
The investment markets continued to produce attractive returns for the calendar through the end of September. Stocks did extremely well, with the S&P 500 returning over 22% for the first nine months of 2024.
Overall, our diversified portfolio earned 9.27% for the same period, handily exceeding our actuarial target of 7% per year. Longer term, our annual average rates of return exceed the target, with the exception of the three year return at 5.5%. You may view the details of our results on the Investment Performance page.