Key Figures of the French Banking and Insurance Market 2024 (ACPR)

Summary

• The total balance sheet of the French banking sector grew 2.7% (after 1.1% in 2023) to 9537 billion euros.p.10
• Loans and advances to non-financial corporations and households reached 4 049 billion euros, of which 2 116 billion for households and 1 932 billion for corporations.p.10
• The liquidity coverage ratio stood at 145% at end-2024 (151.6% in 2023) and the net stable funding ratio at 115.6%.p.11
• The French insurance market counts 639 approved entities, with 5 new reinsurance captives approved.p.11
• The aggregated prudential balance sheet of French insurers reached 2 972 billion euros, up 3.3%.p.11
• Life insurance benefits paid to savers reached 119 billion euros, down 7.8%, with surrenders at 75.7 billion euros.p.11
• The non-life loss ratio and combined ratio fell by one point to 77% and 96% respectively.p.12

Key insights

1. The 7 banking groups represent 89% of the total balance sheet of the French sector.p.10
2. Exposures to non-resident counterparties reached 4 181 billion euros of assets (47.4%) and 3 370 billion euros of liabilities (50.6%).p.13
3. Assets on non-resident counterparties rose 22.4% between end-2021 and end-2024.p.14
4. French insurers generated 28.5 billion euros of gross premiums abroad, or 6.7% of total gross premiums, of which 17.1 billion within the EEA.p.15
5. Ireland is the leading EEA market for French insurers with 4.1 billion euros of gross premiums, followed by Germany with 2.8 billion and Italy with 2.7 billion.p.15
6. Construction claims rose 43% and civil liability claims 35.7%, while natural catastrophe claims fell 42%.p.12
7. The combined ratio of home insurance for individuals improved from 105% to 92%.p.12
8. Surrenders on euro-denominated supports fell to 54.6 billion euros from 62.7 billion in 2023.p.11