Total contributions in November reached 12.4 billion euros and benefits, 10.9 billion euros.
Life insurance deposits exceeded outflows in November, up to 1.4 billion euros, after several months of disaffection, according to figures released Wednesday by the France Assureurs federation. All the contributions, that is to say the sums paid on the contracts, totaled 12.4 billion euros “i.e. a level never observed for a month of November“, underlines France Assureurs, while the benefits (which include redemptions and payments in the event of death) amounted to 10.9 billion: it is 900 million more than in November 2021.
Since the summer, marked in particular by the doubling of the Livret A rate to 2%, life insurance has alternated months of negative net inflows, as in August or October, or weakly positive ones. Since the start of the year, life insurance has earned 13.7 billion euros, or 6.2 billion less than in 2021, over the same period. However, euro funds, whose capital is guaranteed, continue to suffer from the disaffection of savers, with outflows that exceeded outflows in November, up to 300 million euros. Between January and November 2022, euro funds suffered a real haemorrhage with an outflow of more than 17 billion euros, three times more than last year at the same period.
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The units of account (UC), potentially more profitable, but also more risky, have on the other hand recorded a net inflow of around 30 billion euros since January, a record. At the end of November, total life insurance outstandings stood at 1,856 billion euros, compared to 1,876 billion at the end of December 2021.
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