The lights are green for the Luxembourg life insurance company OneLife (Apicil Group), which came under the French flag in 2018. For 2022, it posted a net profit of €16.9m, an increase of 20% compared to the previous year. The company underlines a “record profitability” and a confirmed financial stability with a solvency II ratio rising to 144% at the end of 2022.
The collection of funds has increased by more than 30% compared to last year to reach €1.4bn, among other highlights from the company’s financial report. This confirms its position on the Belgian market, and increasingly on the French market.
“These results are the result of the H24 strategic plan deployed over the last two years to stimulate and diversify our European distribution by focusing our efforts on efficiency, support and innovation,” said Elio Fratini. Fratini has been OneLife’s CEO since January and the death of former CEO Antonio Corpas.
The company is becoming increasingly established in the European market, particularly in Denmark and Spain, but also in Sweden and Portugal, where the introduction of new solutions has led to an increase in demand that is expected to continue this year.
This story was first published in French on Paperjam. It has been translated and edited for Delano.