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SOCIETE GENERALE INSURANCE EXPANSION OF A SOLID AND INNOVATIVE BANCASSURER
01/03/2017
| 01/03/2017
HIGHLIGHTS
Strong growth in financial results
Acquisition of Antarius
Innovative partnerships
P.2
EXPANSION OF A SOLID AND INNOVATIVE BANCASSURER
| 01/03/2017
675
848 836 842 927
63% 57% 64% 69% 68%
37% 43% 36%
31% 32%
2012 2013 2014 2015 2016 France Abroad
358 431 449 467
504
85% 76% 79% 83% 81%
15% 24% 21% 17% 19%
2012 2013 2014 2015 2016 France Abroad
8,4 9,4
10,7 10,0 10,1
80% 77% 73% 86% 82%
20% 23% 27% 14% 18%
2012 2013 2014 2015 2016 France Abroad
79,6 84,3 90,2 94,8 98,3
92% 91% 89% 89% 88%
8% 9% 11% 11% 12%
2012 2013 2014 2015 2016 France Abroad
P.3
2016: STEADY TREND OF GROWTH IN ALL BUSINESS SEGMENTS
Savings life insurance outstandings (in EUR bn)
Property/Casualty insurance premiums (in EUR m) Savings life insurance premiums (in EUR bn)
Personal Protection premiums (in EUR m)
SAVINGS LIFE INSURANCE PROTECTION
+5% per year +9% per year
+5% per year +8% per year
| 01/03/2017
2 756 2 101
+370 -1 025
0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000
Gross inflows Surrenders & claims
Arbitrages Net inflows
SAVINGS LIFE INSURANCE CHANGES IN EURO/UL MIX
P.4
Substantial shift in inflows towards Unit-Linked (UL)
Share of UL in net inflows 99%
+43 pts vs. 2015
Share of UL in outstandings 23%
+2 pts vs. 2015
Share of UL in gross inflows 28%
+5 pts vs. 2015
2 116
9 998 -7 882
0
2 000
4 000
6 000
8 000
10 000
Gross inflows Surrenders & claims
Net inflows
Net inflows in 2016 (EUR m):
Net Euro inflows including arbitrages
16
7 242 - 6 856
-370 0
1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000
Gross Inflows Surrenders & claims
Arbitrages Net inflows
Net UL inflows including arbitrages
| 01/03/2017
32 34 38 51 53
103 105 108 110 109
93 102 111 124 136
71 78 83 88 94
5 9
11 13
14
304 328
352 385
408
2012 2013 2014 2015 2016
Other (legal protection,education insurance, etc.)
Payment protection insurance
Home insurance
Car insurance
Loss of employment insurance
+6%
285 335 373 408 438 -
10 24
31 35
139 148
164 175
188
424 483
537 583
626
2 012 2 013 2 014 2 015 2016
Individual personal protection
Health insurance
Credit life insurance
P.5
PROTECTION STRENGTHENED MARKET SHARES IN FRANCE
Personal Protection Property/Casualty insurance
Premiums (in EUR m) Premiums (in EUR m)
Personal Protection: premiums rose 7%, of which 14% for health insurance, 7% for credit life insurance and 6% for individual protection
Property/Casualty insurance: premiums rose 6%, of which 10% for home Insurance and 7% for car insurance =>growth rate 4x greater than the market*
+7%
*Source: FFA
| 01/03/2017
Premiums Premiums
P.6
PROTECTION INTERNATIONAL ACTIVITY: A GROWTH DRIVER
Personal Protection Property/Casualty insurance
Personal Protection: premiums rose 17%, driven mainly by a pickup in production in Russia (+92%), and an acceleration of activity in Italy (+28%) and in Czech Republic (+12%)
Property/Casualty insurance: premiums rose 20%, driven by loss of employment insurance in Germany (+23%) and fleet insurance in Italy (+23%)
30 20
36
55
20 55
12
19
12
2015
259 EUR m
*Other countries: Bulgaria, Croatia, Serbia
30 22
62
64
27
48
13
21
13
2016
301 EUR m
Russia
Germany
Morocco
Poland
Italy
Czech Rep.
Lebanon
Romania
+17%
Other countries
43
4 11
13
11
2015
81 EUR m
53
3 15
14
11
2016
97 EUR m
Italy
Poland Germany
Czech Rep.
+20%
Russia
| 01/03/2017 P.7
STRONG GROWTH IN FINANCIAL RESULTS AND SUBSTANTIALLY STRENGTHENED FINANCIAL RESERVES
* Adjusted for changes in Group structure and at constant exchange rates.
EUR m 2015 2016 ∆*
NBI 825 883 +7%
Overheads (327) (339) +4%
Gross operating income 498 544 +10%
Group net income 337 368 +10%
ROE (%) 20,4% 21,4% +1,1 pt
C/I (%) 39,6% 38,4% - 1,2 pt
Financial reserve ration (%) 3,5% 4,1% +0,6 pt
| 01/03/2017
INTEGRATED BANCASSURANCE MODEL STRENGTHENED BY THE ACQUISITION OF ANTARIUS
P.8
| 01/03/2017 P.9
INTEGRATED BANCASSURANCE MODEL STRENGTHENED BY THE ACQUISITION OF ANTARIUS
Life insurance company dedicated to Crédit du Nord
Joint Venture stakes: until end of March 2017: Aviva (50%) and Crédit du
Nord (50%) from April 1st : 100% Societe Generale Group
Premiums 2 EUR bn
Outstandings 13.6 EUR bn
Number of Savings policies 460,000
Number of Individual Protection policies 245,000
NBI 117 EUR m
Net income 67 EUR m
Key figures at end 2016
Life Insurance Savings outstandings in Societe Generale Insurance crossed the threshold of EUR 110 bn.
An increase of 24% in terms of life insurance inflows in the French market.
A 3-position gain in the Top 10 insurance groups in the French market.
Strong growth potential in Personal Protection and the diversification of life insurance.
Life Insurance outstandings in Societe Generale Insurance (EUR bn)
Proforma Antarius acquisition +18%
95 98
112
2015 2016
| 01/03/2017
IRIADE: A CREDIT LIFE INSURANCE POLICY DEVELOPED WITH AN INSURTECH
P.10
| 01/03/2017 P.11
IRIADE: A CREDIT LIFE INSURANCE POLICY DEVELOPED WITH AN INSURTECH
What is Iriade? • A credit life insurance policy for individuals available on the
secure digital platform Multinet Services • 100% digital subscription in 15 minutes: automated medical
decision process and electronic signature Why Iriade via Multinet Services? • To strengthen the responsiveness of brokers vis-à-vis their
clients
• To offer Oradéa Vie partners a solution that stands apart for its modernity, the simplicity of its customer processes and its ease of integration with their tools
First partners • ACE Credit
• Cyber Assurances, online broker
| 01/03/2017 P.12
LINK VIE: A NEW B2B2C BUSINESS MODEL
A simple, flexible, clear and transparent contract
| 01/03/2017
LINK VIE: AN INNOVATIVE SOLUTION COMBINING ONLINE SUBSCRIPTION AND ROBO-ALLOCATION
P.13
What is LINK Vie? 1st life insurance policy on Link by Primonial, a platform
offering 100% online subscription down to electronic signature
A simple, flexible, clear and transparent contract
For which clients? For young and digital clients.
For first-time investors who want to start saving. Why LINK? A new hybrid business model offering streamlined online
subscription and the advantage of a threefold expertise (Oradéa Vie, Primonial, Lyxor) to help financial advisers mobilising their prospective and current client bases.
Lyxor Expert Savings Management • Allocation adapted to the client’s profile:
A choice of 100% ETF allocations managed by the expert ‘Lyxor robo-advisor’, regularly reallocating clients’ savings between ETFs according to their profile
a secure profile: 100% invested in euro funds
| 01/03/2017
PRESS CONTACTS
Antoine Lhéritier Antoine.Lhé[email protected]
+33 (0)1 42 13 68 99
Valérie Loizillon [email protected]
+33 (0)1 57 61 82 77
P.14
