In Q3-25 Insurance segment revenues were up 11.7% to €446m in Q3-25 (€1.4bn in 9M-25, +10.2% y/y). Life Investments & Pension revenues were at €393m, up 11.4% (€1.2bn in 9M-25, +10.2% y/y), with CSM release of €367m in Q3-25, +3.6% y/y, and €1.1bn, +7.9% in 9M-25.
In Q3-25 positive Life Investments & Pension net inflows of €0.3bn were recorded (€1.2bn in 9M-25), supported by strong gross written premium, with a lapse rate of 8.3% (8.7% in 9M-25), reflecting proactive client portfolio rebalancing activities driven by the advisory activity embedded in the new commercial service model.
In Q3-25 Protection revenues were at €53m, up 13.7% y/y (€147m in 9M-25, +10.8% y/y), with a stable profitability. Total Protection Gross Written Premiums were at €260m in Q3-25, +15.9% y/y (€968m in 9M-25, +25.5% y/y).
Total Gross Written Premiums were at €5.1bn in Q3-25, up 7.2% y/y (€16.8bn in 9M-25, +18.4% y/y). At the end of September 2025, the Contractual Service Margin amounted to €13.7bn, after the release of €1.1bn in the first nine months, and providing strong visibility on the division’s sustainable profitability going forward.
At the end of September 2025, Poste Vita Group’s Solvency II Ratio stood at 312%, well ahead of the managerial ambition of around 200% through the cycle.
Segment Adjusted EBIT was at €383m in Q3-25, up 11.3% y/y (€1.2bn in 9M-25, +9.4% y/y) reflecting top line trends.
