Excellent performance across all our business lines

Press release                                           Paris, August 1^st 2024

Excellent performance across all our business lines

KEY FIGURES H1 2024:

• Total revenue¹ of 23.1 billion euros, up +11.2%²
• Net inflows of +2.5 billion euros with euro funds back in positive territory
• Net Income Group Share³ over 1 billion euros (+8.8%⁴ compared to H1 2023)
• Solvency II prudential ratio estimated at 200%

“The dynamic performance of all our business lines has enabled us to report strong growth in revenue and Net Income Group Share, which exceeded €1 billion as of the first semester for the first time. Concurrently, the satisfaction of our customers and the trust they place in us have continued to grow. These results commit us and comfort our strategy of responsible development to serve our customers, our partner banks and, more broadly, society. The start of the year has shown the very good take-off of our new home insurance offering, which is more inclusive and promoting the circular economy, the roll-out of our new voluntary payment journey in Life insurance and the launch of the first Article 9 Euro fund on the market by Spirica. I would like to thank all our team members at Crédit Agricole Assurances, Crédit Agricole's Regional Banks and LCL for their commitment”.

Nicolas Denis, Chief Executive Officer of Crédit Agricole Assurances

DYNAMIC GROWTH ACROSS ALL BUSINESS LINES

In the first half of 2024, Crédit Agricole Assurances generated premium income¹ of €23.1 billion, up +11.2%² compared to the first half of 2023, driven by confirmation of the recovery in international life insurance business and a very good performance in France (particularly in life insurance, thanks to payment bonus campaigns).

In savings and retirement, gross inflows reached €16.7 billion at the end of June 2024, up +12.7% compared to the end of June 2023. The commercial campaigns launched during the first quarter contributed to a strong level of gross inflows on the General Account of €10.7 billion (+32.9%). This momentum was partly offset by a decline in unit-linked gross inflows by -11.8% to €6.0 billion, due to less favorable market conditions, notably a reduced attractiveness of unit-linked bond products. Consequently, the share of unit-linked within gross inflows fell to 35.7% (down -9.9 points year-on-year).