This distribution is part of the exceptional dividend policy, which aims to offset the effect on Crédit Agricole S.A.'s CET1 of the implementation of the new IFRS17 accounting standard, scheduled for 1st January 2023.
Pro-forma of this distribution, Crédit Agricole Assurances' solvency ratio at 31 March 2022 is 253%.
Crédit Agricole Assurances, France’s largest insurance Group, unites together Crédit Agricole’s insurance subsidiaries. The Group offers a range of savings, retirement, health, personal protection and property insurance products and services. They are distributed by the Crédit Agricole’s banks in France and in eight other countries around the world by financial advisers and multi-line insurance agents. The Crédit Agricole Assurances companies serve individuals, professionals, farmers and businesses. Crédit Agricole Assurances has 5,300 employees. Its premium income at the end of 2021 amounted to €36.5 billion (IFRS).

Press release - Dividends.pdf
23-06-2022
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Françoise Bololanik
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