Third Quarter 2022 Results
IPS Insurance - 3Q22
-
Strong increase in results
Business activity
Savings: gross asset inflows of €18.1bn in 9M22, driven by an increase
(+6.5%) of gross inflows in France, with unit-linked policies accounting for
the vast majority of net inflows
Protection: further growth in France with a good performance in credit
insurance; internationally, growth driven mainly by Latin America, due to
recently formed partnerships
Extension of partnerships in Latin America
Partnership with Banco de Brasilia for 20-year exclusive distribution of
BNP Paribas Cardif's protection products in Brazil
New partnership in Chile
Revenues: €658m
(+7.2% vs. 3Q21)
Increase driven by good business
momentum in Savings and Protection,
partly offset by a lower financial result
Decrease in financial result with the more
pronounced market decrease in 3Q22
Revenues
€m
+7.2%
658
613
3Q21
3Q22
Pre-tax income
€m
+28.4%
Operating expenses: €391m
(+4.0% vs. 3Q21)
•
Support of business development
and targeted projects
296
231
3Q21
3Q22
Pre-tax income: €296m
(+28.4% vs. 3Q22)
•
Normalisation of the contribution
by associates
BNP PARIBAS
The bank for a changing world
Third quarter 2022 results | 36View entire presentation