Crédit Agricole Assurances : Record high activity driven by all business lines - Net income above €2 billion
Globenewswire·2026-02-04 07:13

Core Insights - Crédit Agricole Assurances achieved record high total premium income of €52.4 billion in 2025, reflecting a 20.1% increase compared to 2024, driven by strong performance in both domestic and international markets [6][8] - The company reported a net income of €2,030 million, up 7.8% when excluding the impact of an exceptional corporate income tax [6][17] - The launch of a new long-term corporate project, "Façonner Demain," aims to enhance diversification and strengthen the company's European presence, aligning with the ACT 2028 strategy [5][4] Financial Performance - Total premium income reached €52.4 billion, with domestic income at €44.7 billion (+22.1%) and international income at €7.7 billion (+9.6%) [8] - Net inflows were a record €15.9 billion, with significant contributions from both Unit-Linked and General Account products [10] - Life insurance outstandings grew to €373.0 billion, reflecting a 7.4% increase year-on-year, supported by strong net inflows [11] Business Segments - In savings and retirement, premium income was €39.7 billion, up 23.5% year-on-year, with gross inflows totaling €26.0 billion on the General Account and €13.8 billion on Unit-Linked [9] - Property and casualty premiums increased by 12.0% to €6.9 billion, with a portfolio of 17.9 million contracts [13] - Personal protection premiums rose by 8.6% to €5.8 billion, driven by growth in group insurance and individual death and disability products [15] Strategic Initiatives - The company aims to become the leading insurer by focusing on customer interests, enhancing international expansion, and developing innovative prevention solutions [7] - The ambition for 2028 includes achieving a gross operating income growth of over 3% annually and increasing international premium income to over €9 billion [7] - Crédit Agricole Assurances maintains a strong solvency position with a Solvency II ratio estimated at approximately 195% [21]