Crédit Agricole Assurances: Outstanding activity with record net inflows

Core Insights - Crédit Agricole Assurances reported a record net inflow of nearly €4 billion in Q1 2025, demonstrating strong performance across all business lines, both domestically and internationally [2][3][8] - Total premium income reached a record high of €14.8 billion, reflecting a year-on-year increase of 20.7%, driven primarily by growth in savings and retirement products [3][8] - The life insurance business in France showed significant growth, with premium income increasing by 28.3% year-on-year, contributing to the overall success of the company [3] Financial Performance - Net inflows for the quarter amounted to €4.0 billion, an increase of €2.9 billion compared to Q1 2024, with €2.0 billion from unit-linked products and €1.9 billion from the General Account [3][8] - Life insurance outstandings reached €352.4 billion, with €246.7 billion in the General Account and €105.7 billion in Unit-Linked, reflecting a stable market position [4] - The combined ratio improved to 93.2%, indicating better claims management and operational efficiency [9] Business Segments - The property and casualty segment saw gross written premiums rise by 8.0% year-on-year, reaching €2.6 billion, with a total portfolio exceeding 16.8 million contracts [5] - Personal protection insurance premiums increased by 4.3% to €1.4 billion, with group insurance experiencing a notable growth of 23.8% due to a significant new contract [7] - The savings and retirement segment reported premium income of €10.8 billion, up 26.8% year-on-year, benefiting from preferential profit-sharing offers [3][8] Strategic Outlook - The company aims to continue building its new project and focus on conquest as a core strategy in its 40th anniversary year [2] - Crédit Agricole Assurances is committed to enhancing its presence in the insurance market, leveraging its universal banking and insurance model to drive growth [2][3]