France’s SGAM AG2R La Mondiale posted a net result of €121m for the first half of the year.

The result for the first half of the year is a 10 per cent increase on the same period in 2023 and comes amid the group’s 2023-2025 ‘nouvelle donne’ (new deal) strategic plan. The group’s half-year turnover was €7.6bn, up 26 per cent compared to 30 June 2023.

Its pensions and savings business line saw net inflows to euro capital funds of €0.6bn, an increase on the same period in 2023 when the result was -€1.6bn. Furthermore, the total balance sheet for its pensions and savings business was €117m at the end of the period.

Regarding supplementary pensions, benefits increased by 7.7 per cent and stand at €10.6bn as of 30 June 2024 and contributions increased by 2.2 per cent to €11.2bn. The result for the group’s senior serviced retirement living business Domity was -€45m. The group has a recovery plan in place for the business.

Regarding interim results, AG2R La Mondiale CEO, Bruno Angles, stated: “The performance of the retirement savings and wealth management activities remains very solid…

“The actions carried out by the AG2R LA MONDIALE Group as part of the 2023-25 ‘nouvelle donne’ corporate plan have enabled us to achieve very good half-year results. I would like to thank all the directors and employees for their commitment to serving our group and for their contribution to these results."

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