Financial results

See our financial results, annual and half-year reports and investor presentations.



Key figures 


Half Year 21: delivering on our strategy 

Successful transformation of the pension products and portfolio

  • Strong performance and good UL mix of the PER contracts: nearly €70m of premiums with a UL rate of 57% (+10pts compared to old contracts). A robust trend of premiums after a successful launch of new pension contracts in a very competitive market
  • Transformation of Madelin portfolio into PER : > 90% positive client return, leading to 25pts positive impact on the solvency ratio

Managed and robust solvency position: 222%

  • A comfortable level of equity capital, supported by a net income in the Group’s target in addition to a reinforcement of stability reserves and no dividend constraint
  • A tight control on capital requirement reinforced through General Account strict monitoring (controlled net inflow in line with Group’s target), extremely good unit-linked premium mix (50%) and liabilities management

 Acquisition of a 67% stake in Aegide-Domitys on June 30th, 2021

Aegide-Domitys:  a leading position in the Senior Services Residences in France

  • Senior services residences developer and operator for 20+ years
  • >20% market share (#1) in France with more than 130 residences and 12,000 residents
  • Value-added creation through control of the entire value chain, along with strong growth potential

Transaction rationale

  • Population support at all ages and stages of life
  • Synergies in real estate development, marketing & sales, and finance
  • Business, profit and risk diversification through a non-insurance structure purchase


A strong business development in Savings
(premium, Sgam, IFRS, €bn)



Investment stability under favorable market conditions: €113.7bn (+4.7%)
(HY 2021, IFRS)



Controlled decrease of General Account exposure and focus on Unit Linked exposure



Executive summmary




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