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
OUR PUBLISHED FINANCIAL INFORMATION
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