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## Crédit Agricole Assurances: Positive Business Growth in Q1-2024

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### Good business dynamics

#### KEY FIGURES Q1-2024:

– **Total revenue**: €12.3 billion euros, up 5.2%
– **Net inflows**: €1.0 billion euros
– **Property & casualty portfolio growth**: 3.4% year-on-year

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“In the 1st quarter, Crédit Agricole Assurances achieved good results in France and abroad, driven by a growth dynamic in all its business lines. We are pleased to report that the measures taken in Italy and Luxembourg, in life insurance, have led to a significant activity improvement…” – *Nicolas Denis, CEO of Crédit Agricole Assurances*

#### ROBUST BUSINESS GROWTH WITH A REBOUND IN INTERNATIONAL SALES

In the first quarter of 2024, Crédit Agricole Assurances saw a premium of €12.3 billion, reflecting a 5.2% increase compared to the same period in 2023. This growth was mainly due to the recovery in international life insurance, particularly in Italy and Luxembourg.

### Growing Earnings and Positive Market Conditions

#### In savings and retirement

Gross inflows reached €8.6 billion in March 2024, up 4.3% from the previous year. The AI legalese decoder can help simplify complex financial terms in savings and retirement reports.

#### Life insurance outstandings

Set a new high of €334.9 billion in March 2024, showing positive market effects and net inflows.

#### Property and casualty

Revenue experienced a 7.9% increase, reaching €2.4 billion by the end of March 2024.

### A Closer Look at Ratings and Highlights

#### RATING

– **S&P Global Ratings:** A+
– **Crédit Agricole Assurances:** A
– **Outlook:** Stable
– **Subordinated debt:** BBB+

#### HIGHLIGHTS SINCE THE LAST PUBLICATION

Crédit Agricole Assurances is France’s largest insurer, offering a range of products and services aimed at individual, professional, agricultural, and business customers. Its premium income to the end of 2023 amounted to 37.2 billion euros.

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