CNP Assurances Business Model Canvas
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Strategic blueprint for an insurer: 4-sentence Business Model Canvas and editable files
Unlock the strategic blueprint behind CNP Assurances with our concise Business Model Canvas: four sentences that map value propositions, channels, key partners and revenue logic. Perfect for investors, consultants and executives, the full Canvas delivers all nine blocks with company-specific insights. Download the editable Word and Excel files to benchmark strategy and accelerate decision-making.
Partnerships
Bank distribution alliances
Strategic agreements with retail and commercial banks extend CNP Assurances reach to customers at the point of financial advice; in 2024 bancassurance represented roughly 60% of life insurance premiums in France. Co-branded offers boost trust and conversion, joint marketing and data-sharing refine product fit and underwriting, and multi-year contracts stabilize volumes while cutting acquisition costs.
Postal and public channel partners
Partnerships with postal networks and public-sector distributors provide nationwide access and inclusion, leveraging La Poste’s ~17,000 points of contact in France (2024). These channels serve mass-market and underserved customers efficiently, reducing distribution gaps. Established foot traffic lowers cost per policy sold, while service-level agreements sustain a consistent customer experience.
Independent advisors and brokers
Independent advisors and brokers extend CNP Assurances reach into affluent and professional segments, complementing bancassurance within France where CNP is the leading personal insurer; advisors design tailored life, pension and risk solutions for complex needs. Incentive-aligned commissions promote quality placement and persistency, while training and digital sales tools raised advisor productivity in 2024.
Reinsurers and risk-transfer partners
Reinsurers and risk-transfer partners enable CNP Assurances to optimize capital and smooth earnings volatility; in 2024 CNP maintained layered protections to stabilize solvency metrics and cashflow.
Partners supply underwriting expertise and catastrophe cover via quota-share, excess-of-loss and longevity-swap structures, supporting competitive pricing and regulatory capital efficiency.
- 2024: layered quota-share and XL programs
- Longevity swaps used for pension risk transfer
- Supports Solvency II capital relief and pricing
Tech, data, and health ecosystems
Tech, data and health ecosystems — via insurtechs, data providers and healthcare networks — strengthen CNP Assurances underwriting and claims, leveraging partnerships across its ~36 million policyholders to refine pricing and reduce fraud. APIs, analytics and automation drive higher straight-through processing and lower cost-per-claim. Wellness and prevention partners improve engagement and can lower loss ratios; cloud and cybersecurity vendors ensure resilience and compliance with EU rules like DORA.
- Insurtechs: faster claims, fraud detection
- APIs/Analytics: higher STP rates
- Wellness partners: lower loss ratios
- Cloud/Cyber: DORA/NIS2 compliance
Bancassurance drives ~60% of France life premiums via ~17,000 outlets
Bancassurance generated ~60% of France life premiums in 2024, boosting conversion and cutting acquisition costs. La Poste’s ~17,000 outlets secure nationwide access for mass and underserved clients. Brokers serve affluent segments; layered reinsurance and longevity swaps stabilize Solvency II capital and cashflow. Tech, health and insurtech partners across ~36m policies raise STP and reduce loss ratios.
| Partnership | 2024 metric | Impact |
|---|---|---|
| Bancassurance | ~60% premiums | Higher conversion, lower CAC |
| Postal networks | ~17,000 outlets | Nationwide reach |
| Policy base | ~36m policies | Data scale for pricing |
| Reinsurance | Layered quota-share/XL | Capital relief, volatility dampening |
What is included in the product
Detailed Word Document
A concise, pre-written Business Model Canvas for CNP Assurances that maps all nine BMC blocks—customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partners, and cost structure—while integrating SWOT insights and competitive advantages to support investor presentations and strategic decision-making.
Customizable Excel Spreadsheet
Streamlines understanding of CNP Assurances’ insurance, distribution and investment model on one editable page, saving hours of structuring and enabling quick comparisons, board-ready summaries, and collaborative updates for fast decision-making.
Activities
Product design and pricing
Designs life, pension, protection, health and P&C products tailored to customer segments and regulatory rules, aligning coverages and fees with distribution via bancassurance and partners. Actuarial pricing models balance expected claims, capital cost and competitive margins using mortality, morbidity and expense assumptions. Continuous product iteration adapts pricing and benefits to market shifts and longevity trends. Strong governance frameworks ensure suitability, disclosures and transparency.
Underwriting and risk management
Assess mortality, morbidity and property risks using data-driven models fed by over 37 million policyholder records and industry actuarial tables to price products and set reserves. Set underwriting limits, policy exclusions and reinsurance cessions (proportional and non-proportional) to cap peak losses and protect capital. Continuously monitor portfolio performance against Solvency II metrics (Solvency ratio ~250% in 2023) and adjust guidelines; maintain ALM to match cashflows and optimise solvency and capital efficiency.
Distribution and partner enablement
Equip banks, postal staff and advisors with compliant scripts, sales tools and periodic training to standardize pitches and regulatory adherence; in 2024 CNP deepened integration with La Banque Postale to scale this model. Run targeted campaigns, lead-scoring and follow-up to boost conversion and manage funnels. Embed digital journeys in partner systems and track KPIs—conversion, persistency and cost-per-sale—to iterate offers.
Claims and policy administration
Streamline onboarding, premium collection, endorsements and payouts through straight-through processing; automation and medical-network integrations cut claim cycle times by up to 40% (2024 benchmarks), while fraud controls target the industry 5–10% fraud exposure to protect margins and ensure fair outcomes; omnichannel servicing maintains customer satisfaction and retention.
- Onboarding: STP and e-KYC
- Premiums: automated billing/reconciliation
- Claims: AI triage + medical networks
- Fraud: analytics, rules, investigations
- Service: omnichannel (web, mobile, agents)
Investment and asset-liability management
CNP invests premiums to meet guaranteed liabilities and target risk-adjusted returns, aligning duration, credit and liquidity with policyholder profiles and Solvency II constraints; portfolios are ESG-integrated under SFDR classifications and regulatory capital limits. Risk teams run 1-in-200-year and macro/market stress tests (rates, spreads, equity shocks) to validate reserve adequacy and asset-liability matching.
- Duration matching
- Credit/liquidity tilts
- SFDR ESG integration
- 1-in-200 stress scenarios
37M policyholders • ~250% solvency • 40% faster claims
Designs and iterates life, pension, protection and health products via bancassurance (La Banque Postale deepened integration in 2024). Prices and reserves using actuarial models fed by 37 million policyholder records; manages reinsurance and ALM under Solvency II (solvency ratio ~250% in 2023). Automates STP, e-KYC and claims (40% faster cycles in 2024) with omnichannel servicing and fraud analytics.
| Metric | Value |
|---|---|
| Policyholders | 37,000,000 |
| Solvency II ratio | ~250% (2023) |
| Claims cycle improvement | ~40% (2024) |
| Key partner | La Banque Postale (2024) |
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Business Model Canvas
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Resources
Brand and distribution rights
CNP Assurances leverages strong brand recognition as France's leading personal insurer to drive trust and policy uptake, supported by long-term distribution agreements with La Banque Postale, BPCE and CaixaBank. Exclusive or preferential access to these bank and postal networks secures volumes and shelf space, while co-branding strengthens defensible positioning. The group serves tens of millions of customers across its bancassurance footprint.
Actuarial and data capabilities
Proprietary models, datasets and actuarial talent underpin pricing and risk selection at CNP Assurances, supporting granular pricing across life and protection portfolios. Advanced analytics improve underwriting, cross-sell and retention, boosting persistency metrics observed in 2024. Robust data governance enforces quality and regulatory compliance (GDPR, Solvency II). Continuous model validation and back‑testing sustain performance and capital efficiency across its >€400bn AUM in 2024.
Balance sheet and solvency capital
Robust capital underpins CNP Assurances ability to honor guarantees and fund growth, with assets under management of €451 billion and a reported Solvency II ratio of 227% at end-2024. A diversified investment portfolio, weighted toward sovereign and high-grade corporate bonds, backs long-term liabilities. Significant reinsurance arrangements increase risk-bearing capacity and loss-absorption. Strong solvency ratios reinforce stakeholder confidence and ratings.
Technology platforms
Core policy administration systems, CRM and claims engines drive scale and straight-through processing for CNP Assurances, supporting operations for about 36 million customers in 2024; APIs link bancassurance partners and digital channels for omnichannel distribution, while automation cuts cost-to-serve and speeds claims handling; cloud infrastructure and enhanced cybersecurity protect data and ensure resilience.
- Core systems: policy admin, CRM, claims
- APIs: partner & channel integration
- Automation: lower cost-to-serve
- Cloud & security: operational resilience
Regulatory licenses and compliance know-how
Regulatory licenses across jurisdictions are essential for CNP Assurances to underwrite insurance and pension products in its European and Brazilian markets; dedicated compliance teams manage conduct, AML, and GDPR-aligned data privacy policies. Internal frameworks are mapped to insurance and pension regulations, with documentation and controls structured to support audits, prudential reporting, and supervisory reviews.
- licenses: multi-jurisdictional coverage
- compliance: conduct, AML, data privacy
- frameworks: insurance & pension alignment
- controls: documentation for audits & reporting
Bancassurance:36m, €451bn, Solvency 227%
CNP Assurances relies on leading brand and bancassurance partners (La Banque Postale, BPCE, CaixaBank) to reach ~36m customers in 2024. Proprietary models, actuarial teams and strong data governance support pricing and persistency across >€451bn AUM. Capital strength (Solvency II 227% end‑2024) and reinsurance expand risk capacity. Core IT, APIs and cloud enable scale and omnichannel distribution.
| Metric | 2024 |
|---|---|
| Customers | 36m |
| AUM | €451bn |
| Solvency II | 227% |
Value Propositions
Financial security for life events
Comprehensive life, pension and protection solutions cover death, disability, health and retirement for over 36 million customers. Customers gain peace of mind and income continuity through tailored benefits that match budgets and goals; CNP manages over €500 billion in assets to support long-term payouts. Transparent terms and clear fees build trust, with a solvency position above 200% in recent filings.
Omnichannel convenience
Access via banks including La Banque Postale and BPCE, post offices, networks of advisors and digital self-service gives CNP broad reach across France and Latin America. Simple onboarding and streamlined claims processes cut friction and boost conversion. Consistent service standards ensure the same policy experience across channels. Real-time support (chat/call) accelerates issue resolution and reduces escalations.
Competitive pricing and guarantees
Scale and risk expertise allow CNP to offer competitive premiums and crediting rates; in 2024 the group reported a Solvency II ratio around 270%, underpinning guaranteed features. Capital strength supports bonuses and profit-sharing that boost policyholder value, while transparent fee schedules limit surprises for customers.
Prevention and wellness services
Prevention and wellness programs drive healthy behaviors and financial planning through telemedicine and partner check-ups, improving member utility and retention; CNP leverages personalized nudges to reduce morbidity risk and long-term claim incidence.
Higher engagement correlates with lower claims and potential premium stabilization over time, supported by digital health integrations and targeted incentives.
- Telemedicine integrations
- Check-up partnerships
- Personalized nudges
- Lower claim trajectory
Solutions for individuals and professionals
CNP Assurances tailors products for salaried, self-employed and SME clients, pairing group risk solutions for employees with individual protections for families; flexible riders and portability support life-stage changes, while cross-border capabilities serve international clients — in 2024 the group reported over 30 million policyholders across its markets.
- Coverage: salaried, self-employed, SMEs
- Group risk: employee benefits
- Individual lines: family protection
- Flexibility: riders & portability
- Geography: cross-border clients (30M+ policyholders in 2024)
Comprehensive life & pension for 36M+; €500bn AUM; Solvency II ~270%
Comprehensive life, pension and protection solutions for 36M+ customers; €500bn assets support long-term payouts and guaranteed features. Multi-channel access (banks, post, digital) and streamlined claims improve conversion. Solvency II ~270% in 2024 underpins competitive premiums, bonuses and portability for salaried, self-employed and SMEs.
| Metric | 2024 |
|---|---|
| Customers / Policyholders | 36M / 30M+ |
| Assets under management | €500bn |
| Solvency II ratio | ~270% |
Customer Relationships
Advisory-led engagement
Human advisors guide complex life and retirement decisions for CNP Assurances, servicing roughly 36 million customers as of 2024; needs-analysis tools ensure product suitability and compliance. Periodic (often annual) reviews recalibrate coverage and contribution levels over life stages. Trust-based advisor relationships are core to high retention and cross-sell in long-duration contracts.
Self-service and digital care
Portals and apps let CNP clients get quotes, change policies and track claims in real time, supporting the group’s 36 million customers in 2024; 24/7 availability boosts satisfaction and retention; guided digital flows cut form errors and processing time; secure in-app messaging delivers fast, documented support for complex cases.
Lifecycle communication
Lifecycle communication uses trigger-based outreach at marriage, birth or retirement, education content to raise financial literacy and adoption, proactive alerts to prevent policy lapses and personalized offers to boost relevance; personalization can lift conversion by up to 15% per McKinsey 2024, improving retention and take-up.
Partner-embedded servicing
Partner-embedded servicing sees banks and postal staff deliver frontline service within their branches and digital channels, backed by shared CRMs and SLAs to ensure consistent onboarding and claim handling; escalations route to CNP specialists for complex cases, while joint feedback loops drive NPS and product tweaks—bancassurance still represents roughly 80% of French life-savings distribution in 2024.
- Frontline delivery: banks/postal staff
- Operational control: shared CRM + SLAs
- Escalations: routed to CNP specialists
- Continuous improvement: joint feedback loops; NPS-driven
Loyalty and retention programs
CNP Assurances' loyalty and retention programs reward tenure and multi-product holdings with tiered benefits, while fee discounts and wellness perks encourage stickiness. Win-back campaigns target lapsed policyholders with tailored offers and digital follow-up to reduce churn. NPS tracking in 2024 guides service and product improvements across distribution channels; CNP serves about 38 million customers worldwide (2024).
- Benefits: tenure & multi-product
- Incentives: fee discounts, wellness perks
- Recovery: win-back campaigns
- Measurement: NPS tracking (2024)
Advisors and 24/7 digital tools retain ≈38M customers
Human advisors guide complex life and retirement choices for CNP Assurances, servicing about 38 million customers in 2024 and driving high retention via needs-analysis and annual reviews. Digital portals and apps provide 24/7 policy access, claims tracking and secure messaging, reducing processing time. Bancassurance (≈80% of French life-savings distribution) uses shared CRM+SLAs; tiered loyalty, win-back campaigns and NPS steer retention.
| Metric | 2024 |
|---|---|
| Customers | ≈38 million |
| Bancassurance share (FR) | ≈80% |
| Digital availability | 24/7 |
| Personalization lift | ≈15% (McKinsey 2024) |
Channels
Bank branches and advisors
In-branch sales at CNP Assurances integrate with financial planning conversations via bancassurance partners such as La Banque Postale and BPCE, supporting consultative cross-selling. Referral systems between bank advisors and CNP channels drive steady lead flow, while specialized advisors close complex protection and retirement cases. Local presence across partner branches reinforces trust for CNP’s ~38 million customers.
Post offices
High-coverage network reaches mass and rural segments through about 17,000 La Poste points of contact in France. Simple, transactional insurance products are tailored to quick in-branch sales and low-touch onboarding. Dedicated training programs for La Poste’s ~247,000 employees support compliant distribution. Existing foot traffic in these outlets materially lowers customer acquisition costs.
Independent financial advisors
Independent financial advisors serve affluent and professional clients, expanding CNP Assurances reach into high-net-worth segments; in 2024 the group reported circa €350bn assets under management supporting bespoke offers. Comparative selling by advisors improves product-market fit and drove higher uptake in targeted wrappers. Digital illustration and application tools cut processing times and errors, while commission structures align advisor incentives with sales and retention.
Digital direct
Digital direct channels enable end-to-end web and mobile quote-bind-claim journeys, with marketing driving traffic and conversions; CNP reported digital sales representing 28% of individual new business in 2024, while e-signatures and KYC cut onboarding time by over 50% in pilot programs.
- quote-bind-claim
- marketing→conversions
- e-signatures/KYC
- analytics→funnel optimization
- digital sales 28% (2024)
Corporate and group distribution
Employer channels deliver group risk and pension solutions while brokers aggregate SME and large accounts; tailored terms help win tenders and ongoing account management sustains retention, with corporate/group business contributing materially to CNP Assurances steady premium flows in 2024.
- Employer channels: group risk & pensions
- Brokers: SME and large account aggregation
- Tenders: tailored terms win bids
- Account management: sustains relationships
Multi-channel bancassurance: 38M customers, 17,000 points, 28% digital sales
Multi-channel distribution: bancassurance (La Banque Postale, BPCE) drives consultative in-branch cross-selling to ~38 million customers; La Poste network ~17,000 points and 247,000 staff support high coverage and low CAC. Independent advisors and €350bn AUM serve affluent clients; digital direct sales reached 28% of individual new business in 2024, employer/broker channels sustain group premiums.
| Channel | Metric (2024) |
|---|---|
| Customers | ~38 million |
| La Poste points | ~17,000 |
| La Poste employees | ~247,000 |
| AUM (advisors) | €350bn |
| Digital new business | 28% |
Customer Segments
Mass retail individuals
Mass retail individuals: everyday consumers seeking affordable protection and savings, requiring life cover, health and simple retirement plans; price sensitivity and digital convenience are decisive. CNP serves over 30 million policyholders across more than a dozen countries and manages over €300 billion in assets (2024), underscoring need for broad geographic coverage and scalable, low-cost offerings.
Affluent and professionals
Affluent and professional clients demand bespoke coverage and tax-efficient savings solutions, often requiring complex underwriting and personalized financial advice. Service quality and CNP Assurances brand trust are decisive factors for these clients, who value seamless cross-border portability for expatriates and international executives. CNP serves around 36 million customers globally, underpinning scale in tailored private banking partnerships.
Self-employed and micro-businesses
Independent workers and micro-businesses need income protection and health cover tailored to irregular earnings; OECD data show a self-employment rate around 13% in 2023, highlighting a substantial addressable market. Flexible contributions and optional riders increase take-up, while fast claims and clear terms reduce downtime and income loss. Digital access and mobile claims fit their schedules and boost engagement.
SMEs and corporate groups
Companies buy group life, disability and health to manage workforce risk and benefits; HR and CFO prioritize cost-efficiency and coverage scope. Customization and strict SLAs drive procurement and claims satisfaction. Retention closely links to employee benefit satisfaction; in France SMEs account for 99.9% of firms (INSEE).
- HR/CFO: cost & coverage
- Key: customization, SLAs
- Retention tied to employee satisfaction
Public sector and retirees
Public employees (about 5.7 million in France in 2023) and roughly 16.5 million pensioners require stable, regulatory-compliant retirement and protection solutions; CNP Assurances focuses on capital guarantees and predictable annuities to meet that need.
Service reliability, simplified digital and paper processes for older demographics, and multi-channel support (phone, branch, online) are prioritized to maintain retention and access.
- segment: public sector & retirees
- scale: ~5.7M public employees, ~16.5M pensioners (2023)
- focus: guarantees & reliability
- ops: simple processes + multi-channel support
36M customers, ≈€330bn AUM — mass digital convenience vs affluent bespoke advice
Mass retail, affluent, self-employed, corporate and public/retiree segments drive CNP Assurances' portfolio; digital convenience and price matter for mass market while bespoke advice and tax-efficient products matter for affluent clients. CNP serves over 36 million customers and manages ≈€330 billion in assets (2024). Group benefits target HR/CFOs with SLAs; retirees prioritize guarantees and multi-channel support.
| Segment | Key needs | Scale (2024) |
|---|---|---|
| Mass retail | Affordable, digital | >36M customers |
| Affluent | Customized, tax-efficient | — |
| Public/retirees | Guarantees, reliability | — |
Cost Structure
Claims and benefits paid
Claims and benefits paid are CNP Assurances’ largest cost across life, health and P&C, with expense levels driven by mortality, morbidity and catastrophe experience; underwriting discipline and prevention programs help smooth volatility, while proportional and excess-of-loss reinsurance programs are used to offset tail risks and stabilize solvency metrics.
Distribution and commissions
Payments to banks, postal agents, advisors and brokers remain a primary cost line for CNP Assurances, driven by longstanding bancassurance partnerships with La Banque Postale and BPCE that in 2024 continued to channel the majority of new business. Incentive schemes are calibrated to quality and persistency, rewarding renewal and lapse-resistant sales rather than one-off volume. Training and enablement for partner salesforces add recurring channel costs, while digital distribution and automation in 2024 reduced marginal acquisition costs per policy.
Operations and IT
In 2024 CNP Assurances continued to concentrate Operations and IT spend on policy administration, claims processing and customer service, which remain the largest operational cost drivers. Core system maintenance and phased modernization fund legacy replacement and API enablement. Cloud, cybersecurity and scalable data platforms form the backbone of digital resilience. Automation investments aim for double-digit unit cost reductions.
Regulatory and compliance
Regulatory and compliance costs for CNP Assurances cover licensing, multi-jurisdictional reporting and audits, and ongoing Solvency II, conduct, AML and GDPR programs; in 2024 the group serves over 30 million customers across Europe and Latin America, driving higher cross-border compliance overhead. Actuarial teams and risk governance create material fixed costs, while external advisory and assurance fees support model validation and regulatory engagement.
- Licensing & reporting
- Solvency II, conduct, AML, GDPR
- Actuarial & risk governance
- External advisory & audit fees
Reinsurance and capital costs
Reinsurance and capital costs include premiums paid for risk transfer and hedging to limit tail losses, the cost of capital required to support guarantees and regulatory solvency, and ALM and treasury expenses tied to liquidity management and asset funding; they also cover rating agency fees and issuance costs for debt and hybrid capital.
Claims drive costs; bancassurance fuels growth while reinsurance secures solvency
Claims and benefits are CNP Assurances’ largest cost item, with underwriting and reinsurance used to cap tail volatility. Payments to bancassurance partners (La Banque Postale, BPCE) remain the primary distribution expense as they channel the majority of new business in 2024. Operations, IT and compliance drive steady fixed costs while automation reduces marginal acquisition spend. Reinsurance, ALM and capital costs support solvency and guarantees.
| Metric | 2024 |
|---|---|
| Customers | >30 million |
| Bancassurance share of new business | >50% |
| Largest cost | Claims & benefits |
| Material ops costs | IT, policy admin, compliance |
Revenue Streams
Premiums from protection lines
Recurring premiums across life, disability, health and P&C form the core revenue, with CNP reporting approximately €34.7bn gross written premiums in 2024; pricing is calibrated to risk/benefit profiles and drives margins. Strong persistency (retention rates above 75%) boosts customer lifetime value, while riders and add-ons increase ARPU materially, often by 10–20% per policy.
Savings and pension inflows
Contributions to life savings and retirement products are a core inflow, driven by payroll-deducted and retail subscriptions. Fee income arises from management and administration fees charged on assets under management and contract servicing. Investment performance affects net inflows through crediting rates and policyholder behavior. Product guarantees can generate spread-based earnings when yields exceed guaranteed return levels.
Investment income and spreads
Yield on invested assets backing liabilities drives revenue, with CNP Assurances managing a portfolio of roughly €430bn (2024) so ALM captures spread over credited rates to policyholders (around 3.1% realized portfolio yield in 2024 vs lower credited rates), diversification across bonds, real estate and equity enhances risk-adjusted returns, while market conditions (rates, credit spreads, liquidity) cause variability in spreads and investment income.
Fees and commissions
Fees and commissions at CNP Assurances in 2024 center on policy, surrender and administration charges, asset-based management fees on unit-linked products, and advisory/distribution commissions from bancassurance and broker partners; ancillary service fees (insurtech, servicing) provide additional revenue diversification.
- Policy, surrender, admin fees
- Asset-based fees on unit-linked
- Advisory & distribution commissions
- Ancillary service fees
Reinsurance and risk-sharing results
Net outcome from ceded and assumed arrangements shapes underwriting results; in 2024 CNP Assurances' reinsurance program delivered measurable capital relief and reduced volatility. Profit commissions and experience refunds remain key drivers of net income variability. Optimized treaty structures stabilize earnings and free capital, enhancing return on equity through lower regulatory capital consumption.
- Net outcome: ceded + assumed arrangements
- Profit commissions & experience refunds: variable upside
- Optimized treaties: earnings stability
- Capital relief: higher ROE in 2024
2024: €34.7bn GWP, €430bn AUM, 3.1% yield, > 75% persistency
CNP Assurances' 2024 revenue mix is led by €34.7bn gross written premiums across life, health and P&C, supported by strong persistency (>75%) and ARPU uplift from riders (10–20%). Fee income from AUM management on ~€430bn drives recurring fees; realized portfolio yield ~3.1% in 2024 creates spread over credited rates. Reinsurance and profit commissions reduce volatility and free capital.
| Metric | 2024 |
|---|---|
| GWP | €34.7bn |
| AUM | €430bn |
| Realized yield | 3.1% |
| Persistency | >75% |