ESG Strategy and Digital Transformation
① Profitable insurance business well positioned for further growth
eurolife
Drivers
• Pursue new market segments with profitable
potential (business insurance, income protection)
•
Explore opportunities in Occupational Pensions
Launch new products and investment funds
(eg: Individual Pension product, ESG fund)
Widen target market, leveraging on revamped
bancassurance model
Strengthen agency force organically and improve
productivity through digitisation and campaigns
Upgrade customer experience via enhanced self-
service capabilities (myeurolife portal)
Sustainable healthy profitability...
Net insurance income¹
€ mn
35
333
+8%
36
FY2019 FY2020 FY2021
...aiming to further grow, leveraging on
Bank's strong market share
Bank's loan
market share
38.8%
Total regular income²
€ mn
+35%
>
120
129
138
FY2019 FY2020 FY2021
FY2025 3
Total
regular
25.0%
2)
3)
323
1) IFRS 17 (as of 1 Jan 2023) impact remains uncertain but not expected to significantly impact medium term ROTE
Total regular income includes yearly renewable gross written premiums and occupational pension contributions
Market share as at 31 December 2021 based on draft preliminary market data
2021 3
2025
40
40View entire presentation