Matmut Group - First-Half 2025 Revenues up 16.7%

Core Insights - Matmut Group reported a 16.7% increase in earned premiums for the first half of 2025, reaching €1,823 million compared to the same period in 2024, with all business lines contributing positively to this growth [4][6][3] Financial Performance - The Group's earned premiums in Property & Casualty (P&C) insurance rose by 4.8% to €1,148 million, with motor insurance premiums reflecting a pricing effect due to inflation in repair and spare-part costs [7][5] - Home insurance achieved a 7.2% increase in earned premiums, benefiting from pricing effects and improved risk assessment, despite a doubling of climate-related claims frequency compared to the first half of 2024 [8][6] - Health insurance premiums increased by 10.8%, driven by the strong performance of Mutuelle Ociane Matmut, with a 3.7% rise in contracts [10][6] - The Savings and Protection segment saw a significant increase of 266.9% in earned premiums, attributed to higher life-insurance inflows and the relaunch of the Matmut Vie Épargne contract [11][6] Strategic Developments - The Group is in the process of acquiring HSBC Assurances Vie (France), which is expected to be completed shortly, with consolidation planned for the last two months of fiscal 2025 [13][2] - A successful inaugural subordinated debt issue of €500 million was completed in May 2025 to finance part of the acquisition [3][6] Membership and Market Position - Matmut Group serves 4.6 million members and manages 8.4 million insurance policies, positioning itself as a leading player in the French insurance market [14][15] - The Group's strategic plan "Objectif: Impact! 2024-2026" aims for continued growth and profitability, with a focus on diversification and enhancing portfolio quality [2][3]