Dynamic company in the protection of property and people

Philippe Dumont, CEO of Crédit Agricole Assurances: “Despite a complex economic environment, Crédit Agricole Assurances posted solid financial results in the third quarter with good performance in our priority businesses. These good results illustrate the solidity and relevance of our universal bancassurance model. This third quarter was marked by the presentation of our 2025 strategic plan, which will support the development of our core businesses in France and abroad, as well as diversify our offers and services to cover all needs. of our customers, particularly in terms of health and retirement”.

In a complex economic and financial context, Crédit Agricole Assurances’ priority businesses recorded good performance: growth in premium income for the protection of assets and individuals (+6% compared to September 2021, +8% at constant scope), good resistance of net inflows in unit-linked (+4.4 billion euros since early 2022). Over the first nine months of 2022, Crédit Agricole Assurances achieved a turnover of 27.2 billion euros.

In P&Cactivity remains dynamic with turnover up +7.7%1 compared to the end of September 2021, to reach 4.3 billion euros, with a significant increase of +22.6% in Italy. At the end of September 2022, the number of P&C contracts amounted to nearly 15.2 million contractsup +3.5%1 over one year, with a net contribution over the first nine months of the year of almost 445,000 contracts.

Equipment prices2 retail customers in the French Regional Banks is stable (42.6%2 at the end of September 2022, -0.1 pt over one year), growth at LCL (27.1%2 September 2022, +0.6 pt year-on-year), and at CA Italia (+20.6%3 at the end of September 2022, +1.8 pts over one year).
The combined report4 stood at 98.7% at the end of September 2022, marked by several major climatic events in France over the first nine months of the year.

In Death & Disability, Borrowers and Group Insuranceturnover stands at €3.7 billion end of September 2022, +7.7%1 year after year, in France and abroad. The creditor insurance business continued to be supported by a favorable real estate market (+8%). Group insurance posted strong growth of +16% in turnover.

In Pension saving, raw input achieved €19.1 billion at the end of September 2022. In France, it amounted to 15.4 billion euros, stable compared to September 2021 (-1.4%). Gross unit-linked inflows remained high at €7.7 billion, with a unit-linked rate of 40.1%. Total net inflows amounted to +€3.2 billionwith net unit-linked inflows of +€4.4 billion.
Life insurance outstandings amount to 318 billion euros5 at the end of September 2022, of which 78.9 billion euros in units of accountand €239.2 billion denominated in euros. Outstandings produced in units of account represented 24.8% of total outstandings end of September 2022.

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STRONG POINTS

Crédit Agricole Assurances presents its 2025 strategic plan
Through this project, Crédit Agricole Assurances, committed for many years as an insurer, investor and responsible company, intends to pursue the development of its core businesses in France and internationally, and diversify its offers and services to cover the all the needs of its customers. , particularly on health and retirement.

The continued development of the core businesses of Crédit Agricole Assurances is based on 5 pillars:

  • Accelerate on the protection of property and people
  • Develop new responsible and accessible savings solutions
  • Stepping up our universal bank-insurer model for businesses
  • Develop our activities internationally
  • Become the first digital insurer

The diversification of offers and services of Crédit Agricole Assurances to cover all the needs of its customers, particularly in terms of health and retirement, is based on 4 pillars:

  • Take a comprehensive and service-based approach to health insurance
  • Set up a complete offer for seniors and retirees
  • Placing societal and environmental issues at the heart of our offers and our model
  • Respond to the long-term challenges of French society as a major player in Crédit Agricole Santé et Territoire

Net Zero Asset Owner Alliance: Crédit Agricole Assurances goes further in its commitment to a low-carbon economy
In perfect harmony with the Crédit Agricole Group’s commitments in favor of the climate, we are continuing our efforts for a low-carbon economy at Crédit Agricole Assurances by investing in the energy transition.
At Crédit Agricole Assurances, we are committed to achieving the following quantified objectives
Goals:
– reduce the carbon footprint of our listed equity and corporate bond investment portfolio by 25%.
– increase our investments in renewable energies in order to participate in the eventual commissioning of 14 GW of production capacity, higher than the 10.5 GW announced in 2021, and corresponding to the average annual energy consumption of five million French homes.
– dialogue with at least 20 of the largest issuers in our portfolio.

F2i acquires wind farms in northern Spain with Crédit Agricole Assurances and electricity distribution company EVM from the Villar Mir group
F2i, the leading Italian infrastructure fund, and Crédit Agricole Assurances have signed an agreement to acquire from the Villar Mir group wind farms in operation (53 Megawatts of capacity) and wind projects at an advanced stage of development (430 Megawatts of capacity ), located in northern Spain. F2i, through the Fonds V – Fondo per le Infrastrutture Sostenibili, will acquire 60% of the wind portfolio and the remaining 40% will be held by Crédit Agricole Assurances, F2i’s current partner within the EF Solare Italia group. The seller Villar Mir is a historic Spanish conglomerate present in 31 countries in the sectors of real estate, metallurgy, power generation and construction.

About Crédit Agricole Assurances
Crédit Agricole Assurances, France’s leading insurance group, federates the insurance subsidiaries of Crédit Agricole. The Group offers a range of savings, retirement, health, provident and property insurance products and services. They are distributed by Crédit Agricole banks in France and in eight other countries around the world by financial advisers and multi-branch insurance agents. Crédit Agricole Assurances companies serve individuals, professionals, farmers and businesses. Crédit Agricole Assurances has 5,300 employees. Its turnover at the end of 2021 amounts to 36.5 billion euros (IFRS).
www.ca-assurances.com

Press contacts
Françoise Bololanik + 33 (0)1 57 72 46 83 / 06 25 13 73 98 Nicolas Leviaux +33(0)157 72 09 50 / 06 19 60 48 53
[email protected]
Investor Relations Contacts
Marie-Isabelle Marcellesi + 33 (0)1 57 72 12 84
Victoire-Emmanuelle Prud’homme +33 (0)1 43 23 90 66
Valentin Lecomte +33 (0)1 43 23 59 76
[email protected]

1 Constant scope

2 Percentage of customers with at least one automobile, multi-risk home, health, legal, all-mobile or accident insurance policy.

3 Percentage of CA Italia customers with at least one policy marketed by CA Assicurazioni, the non-life insurance subsidiary of Crédit Agricole Assurances

4 Ratio (claims + operating expenses + commissions) to premium income, net of reinsurance, Pacifica scope

5 Savings, retirement and death and disability

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