Amundi Investor Presentation
FRENCH RETAIL
France: progressive improvement of Unit Link products since 2016
Amundi's net inflows in French networks (€bn)
4,0
3,8
2,9
-3
-2,6
- 3,6
-3,0
-10
- 10,5
2012 2013 2014
2015 2016 2017 2018
2019
9M
2020
Amundi Flows
The flows in French Retail in 9M 2020 have
been driven by good flows on Unit Link products
and MLT products
% of Unit Link gross inflows in life insurance
36%
34%
31%
32%
28% 28%
27%
24%
20%
2016
2017 2018 H1 2019 H2 2019 FY 2019 Q1 2020 Q2 2020 Q3 2020
Context
-
At industry level, the weight of Unit Link flows
into life insurance products has increased
compared to 2016-2019 levels due to
decreasing yields and specific insurers
commercial policies
After Q1 2020, the weight of UL flows into life
insurance products has decreased with the
higher level of risk aversion due to covid crisis
Source: Federation Française de l'Assurance
56 Amundi Investor presentation | November 2020
Amundi
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