Life insurance: Positive net inflows in February 2020

Net inflows for February 2020 were 1.4 billion euros.

From the start of the year, insurance companies collected 23.2 billion Euros of premiums (compared to 25.2 billion Euros over the same period in 2019). 

Payments to unit-linked products accounted for 8.4 billion Euros from the start of the year, i.e. 36 % of premiums.

Over the same period insurance companies paid out benefits of 21.0 billion Euros (19.9 billion euros in 2019).

Net inflows of the year were 2.2 billion Euros (compared to 5.3 billion euros over the same period in 2019).

At end February 2020 in-force life insurance business (mathematical provisions + profit sharing provisions) stood at 1 776 billion Euros (up 3 % year-on-year).