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Notice

On January 1, 2023, two new standards with a major impact on the insurance sector came into force: IFRS 9 for investment assets and liabilities, and IFRS 17 for insurance contracts. The financial statements of 2023 have been prepared on the basis of these two new standards and are compared with the restated 2022 financial statements. These comparative financial statements are therefore different from the financial statements presented in the 2022 reports.

Financial results

  2022 2023
IFRS result — Net group result (part of the group) 4 M€ 346 M€
IFRS group economic value 2,562 M€ 2,896 M€
IFRS total balance sheet 18,303 M€ 19,340 M€
Solvency II* (regulatory ratio) 170% 190%
* after deduction of provisional dividend

Performance non-life

  2022 2023
BGAAP Gross written premiums 1,512 M€ 1,669 M€
IFRS Operating non-life result 230 M€ 308 M€
IFRS Operating combined ratio 92.8% 83.7%

Performance life

  2022 2023
BGAAP Gross written premiums 1,402 M€ 1,705 M€
IFRS Operating life result 142 M€ 154 M€