In Q2-25 Insurance segment revenues were up 8.0% y/y, to €464m (€906m in H1-25, +9.5% y/y). Life Investments & Pension revenues to €412m, up 8.9% in Q2-25 (€811m in H1-25, +9.6% y/y), driven by higher CSM and CSM release (€396m in Q2-25, +11.3% y/y and up to 764m, +10.2% in H1-25).
In H1-25 positive Life Investments & Pension net inflows of €0.9bn were recorded, with a lapse rate of 8.9% reflecting proactive client portfolio rebalancing activities in the context of the advisory activity at the heart of the new commercial service model.
In Q2-25 Protection revenues came in at €52m, up 1.0% y/y (€94m in H1-25, +9.3% y/y).
Total Protection Gross Written Premiums were at €337m in Q2-25, with a strong growth of 43.3% y/y (€708m in H1-25, +29.4% y/y).
Total Gross Written Premiums were at €5.3bn in Q2-25, up 21.7% y/y (€11.7bn in H1-25, +24.2% y/y).
At the end of June 2025, the Contractual Service Margin amounted to €14.2bn, after the release of €764m in the half, providing strong visibility on the division’s sustainable profitability going forward.
At the end of June 2025, Poste Vita Group’s Solvency II Ratio stood at 315% , well ahead the managerial ambition of c.200% through the cycle, including the impact of foreseeable dividend based on a 100% net profit remittance and including the impact of the first €500m of additional remittance paid in June 2025.
Segment Adjusted EBIT to €410m in Q2-25, up 8.4% y/y (€789m in H1-25, +8.5% y/y) reflecting top-line trends.
