Solid earnings in the first half of 2015 with a dynamic sales activity
Crédit Agricole Assurances posted very strong revenues of €16.6 billion for the first half of 2015, 7.3% higher than in the first half of 2014.
In savings and retirement, revenues1 totalled €13.1 billion, corresponding to a growth of 8.2% driven by activity both in France and internationally. The share of unit-linked inflows increased strongly to24.5 %.
Crédit Agricole Assurances was the first bank insureur to position itself, at the end of 2014, on the new “euro-croissance” and “vie-génération” contracts. At end-June 2015, inflows into these two types of contract amounted to more than €250 million.
Net inflows2 totalled €4.5 billion, of which €2.8 billion in France.
Assets under management were up by 5.6% year on year to €255.5 billion at the end of June 2015, of which 19.5% in unit-linked contracts (up 0.7 point year on year).
For the health / personal risk / creditor insurance revenues1 for the first half came to €2.0 billion, up by 3.8% compared with the first half of 2014.
At the end of 2014, Crédit Agricole Assurances announced it would enter the collective health and personal risk in the framework of the national cross-industry agreement (Accord national interprofessionnel). Accordingly, since the beginning of the year, Crédit Agricole Assurances can meet the needs of companies and independent professionals in the area of health and personal risk.
In non-life insurance, revenues1 totalled €1.5 billion in the first half, up by 4.4% compared with the first half of 2014.
On 15 June 2015, Crédit Agricole Assurances launched a pasture insurance policy developed in partnership with Airbus Defence and Space, the European space and defence industry market leader. This policy is a genuine innovation for the farming segment. It provides for payment of indemnities to livestock farmers whose pasture land suffers a drop in fodder production as measured by satellite.
The financial statements for the first half of 2015 show a strong financial performance. Excluding non-recurring item3, Crédit Agricole Assurances posted a net income (group share) of €558 million, 5.9% more than in the first half of 2014.
Crédit Agricole Assurances is rated A / Neg. by Standard & Poor’s.
 The revenues figures are presented according to French GAAP.
 Savings/retirement and personnel protection
 A cash balance of €62 million net of tax linked to early repayment of subordinated debt to Crédit Agricole S.A.