Crédit Agricole Assurances had a successful 2024, setting record premium income levels

From GlobeNewswire: 2025-02-05 02:34:49

In 2024, Crédit Agricole Assurances saw record activity with premium income reaching 43.6 billion euros, a 17.2% increase. Customer satisfaction rates were high at 97% in savings/retirement and 91% in property and casualty insurance. The company launched new digital customer journeys and committed to environmental responsibility by offering repair-focused home insurance and creating a climate-focused investment fund. Premium income in savings and retirement reached 32.1 billion euros, up 21.5% year-on-year. Net inflows totaled +6.6 billion euros, with unit-linked outstandings at 104.1 billion euros. The company’s net income Group share was 1,959 million euros, up 11.5% year-on-year. The Solvency II prudential ratio was above 200%.

Overall, Crédit Agricole Assurances had an excellent performance in 2024, generating premium income of 43.6 billion euros, the highest in history, with strong growth in savings and retirement. The company’s net income Group share reached 1,959 million euros, up 11.5% year-on-year, driven by property and casualty business and other lines. The combined ratio improved to 94.4%, and the Solvency II prudential ratio was above 200%. With a commitment to customer satisfaction and environmental responsibility, Crédit Agricole Assurances continues to be a leading player in the insurance industry.



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