Societe Generale Insurance: Moving towards tomorrow’s single-channel and digital bancassurance

IMPROVED FINANCIAL RESULTS AND SOLID BASIS TO CONTINUE GROWING

• A good year in 2015 in all business segments.
• Outstandings in Life Insurance Savings rose by +5% to EUR 95bn.
• Net unit-linked inflows increased 2.6-fold vs. 2014.
• Net banking income (NBI) rose by +10%* to EUR 825m.
• The cost-income ratio improved to 39.6%.
• The Insurance business line’s contribution to Societe Generale’s net income rose by +10%* to EUR 337m.
• Sogecap’s financial reserves ratio in France improved to 3.7%.

AN AMBITIOUS DIGITAL STRATEGY

• Tapping into the comparative advantages of the integrated bancassurance model,
• Driven by a corporate innovation participative programme that fosters experimentation,
• Encouraging more digital initiatives for an enhanced customer experience.

“Societe Generale Insurance achieved strong growth in 2015 and solid financial results that allowed it to enhance its financial reserves significantly.

Taking advantage of opportunities offered by the digital revolution, Societe Generale Insurance committed itself in 2015 to an ambitious strategy of transforming its model to build tomorrow’s single-channel and digital bancassurance.

The launch of Star Drive by Sogessur, an innovative online driving application, is one of the active manifestations of Societe Generale Insurance’s digital innovation approach in serving our clients.”

Philippe Perret, Chief Executive Officer, Societe Generale Insurance.