In Q2-26 Insurance external revenues were up 10.9% y/y, to €514m (€983m in H1-26, +8.6% y/y). Life Investments & Pension revenues at €455m in Q2-26, up 10.6% y/y (€878m in H1-26, +8.2% y/y), driven by higher CSM and CSM release (€413m in Q2-26, +9.7% y/y and up to €781m, +7.3% in H1-26).
In H1-26 positive Life Investments & Pension net inflows of €1.5bn were recorded, with a lower than market and improving lapse rate of 6.8% driven by multi-class products and lower clients’ portfolio rebalancing activity.
Protection revenues reached at €59m in Q2-26, up 13.4% y/y (€105m in H1-26, +11.4% y/y).
At the end of June 2026, the Contractual Service Margin amounted to €13.8bn, after the release of €825m in H1-26, providing strong visibility on the division’s sustainable profitability going forward.
At the end of June 2026, Poste Vita Group’s Solvency II Ratio stood at 303%, well above the managerial ambition of c.200% through the cycle, including the impact of foreseeable dividend based on a 100% net profit remittance.
Segment Adjusted EBIT to €436m in Q2-26, up 6.2% y/y (€827m in H1-26, +4.9% y/y) reflecting top-line trends.
