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Crédit Agricole Assurances: Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances
Globenewswire· 2025-04-30 16:39
Press release Paris, April 30, 2025 Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances Crédit Agricole Assurances announced today the filing of its Universal Registration Document for the financial year 2024 with the Autorité des marchés financiers (the “AMF” - French Financial Markets Authority), under number D.25-0348. The 2024 Universal Registration Document includes: the Annual financial report,the Sustainability report,the Report on corporate governance,the informat ...
Crédit Agricole Assurances: Outstanding activity with record net inflows
Globenewswire· 2025-04-30 06:28
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]