Investor Presentaiton
International Bancassurance
Financial results
Traditional Savings/Pensions
UL Savings/Pensions
Personal Risk/Protection
Business performances
Latin America: written premiums¹ Europe excl. France: written premiums¹
(in €bn)
(in €bn)
(in € millions)
HT 2022
restated
H1 2023
Change
vs. H1 2022
restated
Change
vs. H1 2022
(like-for-like)
-35.4%
5.6
Net banking income
446
656
46.9%
45.5%
-15.7%
3.9
0.1
Operating expenses
(179)
(176)
-1.8%
-2.8%
Gross operating profit
267
480
79.4%
78.0%
Cost-income ratio
40.1%
26.8%
-13,3 Pt
-17,8 Pts
0.7
0.7
Cost of risk
n.a.
n.a.
30/06/2022
Operating profit
267
480
79.4%
78.0%
Profit before tax
249
482
93.8%
92.0%
Attributable net profit
43
172
4.0%
n.a.
New money
(in €bn)
30/06/2023
Latin America
Savings/Pensions
Unit-linked
3.3
2.7
3.6
0.1
1.7
3.1
2.5
2.3
1.3
0.6
0.6
30/06/2023
as a % of total
30/06/2022
Europe excluding France
Savings/Pensions
New money
(in €bn)
Unit-linked
as a % of total
Higher results thanks to a favourable market effect
Strong positive jaw effect
Decrease in Savings/Pensions new money: in Brazil due to the
reorientation of savings inflows towards banking products and in Italy
due to the competition from government bonds (BTP)
1. Savings/Pensions new money and Protection written premiums
H1 2022 figures restated following the application of IFRS 17 (see methodology in the Appendices section)
INVESTOR PRESENTATION - SEPTEMBER 2023
-20.5%
3.2
0.1
2.5
0.1
3.1
2.5
-39.5%
97.4%
97.5%
5.0
46.2%
2.7
43.0%
3.0
1.7
2.3
1.3
30/06/2022 30/06/2023
30/06/2022 30/06/2023
30/06/2022 30/06/2023
30/06/2022 30/06/2023
29
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