Investor Presentaiton
KBC
Belgium BU (3) | Other income lines & cross-selling
NET FEE & COMMISSION INCOME
in m EUR
333
338
345
327
322
314
302
304
Banking 375
372
385
394
394
370
360
362
contribution
Insurance -48
-50
-53
-56
-49
-56
-58
-58
contribution
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
MORTGAGE-RELATED CROSS-SELLING RATIOS
In %
100
90
80
70
63.7%
60
60
49.5%
50
94.1% Property
insurance
86.1%
Life
insurance
■ Net fee & commission income
•
+1% q-o-q and -10% y-o-y
•
27
of 74
The 1% higher q-o-q net F&C income was mainly the result of higher entry fees, higher
payment-related fees and higher securities-related fees, partly offset by lower
management fees and higher distribution commissions paid
The 10% lower y-o-y net F&C income was driven chiefly by lower management and
entry fees, lower securities-related fees, lower fees from credit files & bank
guarantees, lower network income and higher distribution commissions paid partly
offset by higher fees from payment services
■ Assets under management
•
184bn EUR
Stabilised q-o-q and decreased by 15% y-o-y due entirely to the negative market
performance.
■ Insurance
Insurance sales: 910m EUR
o Non-life sales (280m EUR) +5% y-o-y, due to premium growth in all classes, but
chiefly in the classes 'Motor Comprehensive Cover' and 'Property', as a combination
of volume and tariff increases
o Life sales (630m EUR) more than doubled q-o-q and increased by 41% y-o-y
The q-o-q increase was driven by excellent sales of unit-linked products (+202%
q-o-q due mainly to the successful launch of new structured funds) and higher
sales of guaranteed interest products (due chiefly to traditionally higher volumes
in tax-incentivised pension savings products)
The y-o-y increase was driven fully by higher sales of unit-linked products, partly
offset by lower sales of guaranteed interest products
Combined ratio amounted to an excellent 90% in FY22 (90% in FY21)
2004 2006 2008 2010
2012
2014
2016
2018 2020
2022
Highlights
Profit & Loss Capital & Liquidity Looking forward
BU & FY22 view
Company profile
KBC Strategy
Sustainability
Asset quality
MREL & FundingView entire presentation