Core Points - SGAM Matmut has completed the acquisition of 100% of the share capital of HSBC Assurances Vie (France), enhancing its position in the life insurance market [2][3] - The acquisition aligns with the Group's strategic plan "Objectif: Impact!" 2024-2026, focusing on growth and diversification, and is expected to increase the Group's business volume by 51% to €4.8 billion based on 2024 pro forma earned premiums [4] - HSBC Assurances Vie (France) will be rebranded as KOREGE starting November 1, 2025, reflecting a renewed ambition in the savings business [4] Company Overview - SGAM Matmut is a leading French mutual insurance company with 4.6 million members and 8.4 million insurance policies under management as of the end of 2024 [8] - The Group offers a wide range of insurance products, including property and casualty insurance, savings, and financial services, generating premium income of €3.2 billion in 2024 [8] - The business mix of the Group is composed of 46% property & casualty, 38% savings & protection, and 16% health insurance [9] Management Changes - Following the acquisition, Nicolas Gomart will become Chairman of KOREGE, while Tristan de La Fonchais has been appointed Chief Executive Officer [5] - Laurence Rogier, the former CEO of HSBC Assurances Vie (France), will serve as Vice-Chairwoman of the Board and oversee Strategic and Financial Coordination of KOREGE [6]