Financial results
Despite a particularly testing environment, in 2016 AG2R LA MONDIALE rose to the challenge and posted an increase in earnings. See our financial results, annual and half-year reports and investor presentations.
KEY FIGURES
2016 WAS AN EVENTFUL YEAR
Focus on ARIAL CNP ASSURANCE: strengthened partnership with CNP Assurances
• 1 April 2016: transfer to CNP Assurances of 40% of La Mondiale’s equity interest in Arial Assurance, subsequently renamed ARIAL CNP ASSURANCES.
• 2016: first combined offers, combined distribution, business growth, etc.
Focus on the roll-out of mutual certificates in 2016
• Pilot programme launched in 6 regions early October 2016
• Nationwide roll-out in January 2017
• €100m target by the end of 2017
• €46m signed as at 17 April 2017
Growth marked by:
• AG.Mut memberships
• merger-absorption by ViaSanté Mutuelle
• substitution at ViaSanté Mutuelle
• creation of a mutual group union (UGM)
TRAJECTORY MAINTAINED IN COMPLEMENTARY PENSION BUSINESS
- Impact of Measure 3 of the National Interprofessional Agreement (ANI) of 13 March 2013: only 1 social protection group (GPS) to manage a company’s Agirc/Arrco-affiliated employees (impact of -0.9 pt)
- Impact of the IGRC integration in 2016 (+0.4 pt)
COORDINATED INSURANCE ACTIVITIES
HIGH EARNINGS AND A MARKEDLY FIRMER CAPITAL BASE
ASSET MIX
KEY POINTS REGARDING EARNINGS
• Earnings up in the complementary pension business and Federation cost trajectory on track
• SGAM (mutual insurance group company) earnings up
• Strengthening of policyholder bonus reserves (PPE)
• Improved results in life and health insurance
• Controlled growth of life insurance assets
• Solvency ratio up
• S&P rating confirmed