Financial key figures of insurers subject to Solvency II in France at end-2023

3 billion) due to increasing surrenders. - Non-life insurance business grew significantly in 2023. - The cost of fire claims and other property damage has risen sharply since early 2018, driven by inflation and repeated natural disasters. - Insurers’ asset allocation saw little change in the 2nd half of 2023. - The Solvency Capital Requirement (SCR) coverage ratio varies according to the type of undertaking between 2022 and 2023 and is broadly stable for all undertakings.