Financial Strategy and Ecosystem Platform Expansion
Profitable Insurance business- sustainable healthy profitability in FY2021
eurolife
Genikes
Insurance
•
€ mn
FY2021
FY2020
€ mn
FY2021
FY2020
yoy%
yoy%
GWP2
137.1
127.4
8%
Insurance income
60.7
56.3
8%
Net reinsurance cost
(18.2)
(18.8)
-4%
Net impact of interest rate
(2.6)
(2.1)
28%
(of which GWP2)
53.3
49.3
8%
movements
Costs, claims and change
in reserves
(80.2)
(73.2)
10%
Costs and claims
(35.8)
(33.5)
7%
Net insurance income
36.1
33.3
8%
Net insurance income
24.9
22.7
9%
Total Regular income1
138.2
128.6
8%
GWP2 up 8% yoy
Net insurance income up 8%, reflecting mainly increased GWP2
partially offset by increased costs and claims
AUM increased to €558 mn, up 17% yoy
•
Total Regular income¹ up 8% yoy
Market share of 25.0%³
13%
contribution
to non
interest
income
•
GWP2 up 8% yoy
.
•
Net insurance income up 9% yoy, driven mainly by higher GWP2
partially offset by increased costs and claims (FY2020 claims
positively impacted by lockdowns)
Market share of 13.1%³, key player in a concentrated market
9%
contribution
to non
interest
1)
income
2)
3)
23
Total regular income includes yearly renewable gross written premiums
and occupational pension contributions
Gross written premium
As at 31 December 2021 based on draft preliminary market statistics
17View entire presentation