COMMUNIQUE PRESSE EN

Key Figures

Results as at 31st December 2017

For the year ended 31 December 2017, Cardif Lux Vie posted a turnover of EUR 2.8 billion (up by 19.6% on 2016) and took second place in the ranking of Luxembourg insurance companies in terms of intake1. The Company also posted EUR 22.2 billion of assets under management and net income before tax of EUR 52.9 million, up by 0.4% on 20162. Cardif Lux Vie thus confirms its position as a major player in the Luxembourg life insurance market, with sustained growth in activity in all its business lines, namely Wealth Management, Retail and Employee Benefits. In this context, Cardif Lux Vie continues to implement its 2020 transformation planning order to put its clients, partners and employees at the centre of its development strategy.

 

Cardif Lux Vie had a record year in 2017, with excellent results in all its business lines, confirming its position as a major player in the Luxembourg life insurance sector, in a rapidly changing industry. To respond to these challenges, Cardif Lux Vie continues to grow while transforming itself in order to continuously enhance the Client and Partner experience. In order to support an ambitious development of automation and digitisation during the coming months and years, substantial investments are being made in strategic programmes, including the change of our IT infrastructure. The Company is working to implement a determined policy of social and environmental responsibility aimed at having a positive impact on society (notably through our investments in the General Fund aimed at financing the real economy) and allowing us to participate in the construction of a sustainable future while at the same time ensuring performance and stability”, said Jacques Faveyrol, CEO of Cardif Lux Vie.

 

1- Net income before tax, according to Luxembourg local GAAP, giving pre-tax income of EUR 63.5 million under group IFRS.
2- Source ACA Report 2018