BNP Paribas Cardif reports record gross written premium and a significant increase in results, confirming power of partnership model
- Pre-tax net profit of 1.96 billion euros for full-year 2025, up 24% over 2024
- 40.5 billion euros in gross written premiums at end-2025, up 12% compared to 2024
- 302 billion euros in assets under management, up 6% compared to 2024
- 54% of gross written premiums with partners and networks outside the BNP Paribas Group
- Nearly 80 partnerships renewed or signed in 2025
- 52% of gross written premiums outside of France
These excellent results are the outcome of a unique partnership model deployed both within the BNP Paribas Group networks and with our external partners. The record gross written premiums in 2025 reflects the strength of our savings and protection activities, with strengthened positions in savings thanks to the solidity and quality of our euro fund in France and the successful integration of BCC Vita and Neuflize Vie. In line with our mission to make insurance more accessible, and with the renewed confidence of our partners, we are making it easier to subscribe and use insurance. We maintain high standards of customer experience by combining human interaction, digital tools, and artificial intelligence, adapting our insurance product coverage to societal changes, and facilitating access to insurance for vulnerable individuals.” commented Pauline Leclerc-Glorieux,
Chief Executive Officer of
BNP Paribas Cardif.
BNP Paribas Cardif reported pre-tax net profit of 1.96 billion euros in 2025, an increase of 24% compared to 2024. This performance was driven by the insurer’s dynamic partnership model, the successful integration of recent acquisitions in France and Italy and exceptional items linked in particular to revaluation of equity investments.
Gross written premiums for the BNP Paribas Group’s Insurance Business Line reached 40.5 billion euros, an increase of 12% compared to 2024. BNP Paribas Cardif’s business is driven by dynamic performance across the BNP Paribas Group’s Retail Banking network and by a unique partnership model that enables it to generate 54% of its gross written premiums with partners and networks outside the BNP Paribas Group. Nearly
80 partnerships were renewed or signed in 2025, testifying to the confidence partners have in BNP Paribas Cardif’s capacity to support the goals of their customers. These new agreements include a partnership in France with Stellantis Financial Services in the used car business, consolidating the leading position of Icare, BNP Paribas Cardif subsidiary specialized in extended warranties and maintenance for motor vehicles.
Deployed in 30 countries this model enabled BNP Paribas Cardif to generate 52% of its gross written premiums outside of France in 2025, consolidating growth thanks to new strategic alliances.
Continued growth in savings
Savings assets under management totalled 302 billion euros at the end of 2025 (+6% compared to end 2024). Gross inflows in savings worldwide amounted to 32.4 billion euros at the end of 2025, (+15% compared to end 2024), with 37% in unit-linked products. In France, savings inflows increased 3% comported to 2024, reaching 17.4 billion euros. This increase came in particular from retail banking networks of the BNP Paribas Group, as well as business through wealth management advisors and brokers, and from the integration of Neuflize Vie. Outside France, gross savings inflows were 14.9 billion euros, an increase of 32% over 2024. The acquisitions of Neuflize Vie and BCC Vita enabled BNP Paribas Cardif to consolidate its leadership in savings by taking advantage of new distribution channels.
BNP Paribas Cardif, a major player in life insurance vehicles in France, and maintains the remuneration rate for its life insurance and capitalisation contracts in 2025 with an average rate of 2.92%. Thanks to substantial reserves and diversified allocation of assets, the insurer confirmed the solidity of its euro fund. Once again, this year, reflecting an equitable approach and supported by a unified rate policy, clients will benefit from a net rate1 excluding bonuses of at least 2,75%2 for 97% of its contracts3, regardless of when the product was subscribed and the distribution channel. BNP Paribas Cardif also strengthened its partnership with BNP Paribas Asset Management, the European leader in long-term asset management, delegating management of a portion of its general fund in France.
BNP Paribas Cardif has pursued its responsible investment policy, targeting both financial performance and positive impact on society in the management of savings entrusted to it by policyholders. At the end of 2025, 97% of the assets in the euro fund in France had undergone ESG4 analysis, and BNP Paribas Cardif had made 2.2 billion euros in positive impact investments, corresponding to an average of 2.1 billion euros per year since 2019. At 31 December 2025 nearly 25% of unit-linked assets were invested in responsible investment vehicles5. To support the transition to a low-carbon economy,
BNP Paribas Cardif has been committed since 2021 to reducing greenhouse gas emissions in its investment portfolios and to contributing to compliance with the Paris Agreement. The insurer strengthened its commitment in 2025, setting a target of reducing the carbon footprint6 of its directly held equity and corporate bond portfolio by 50% by 2030 (baseline 2020).
Strong positions in protection to make insurance more accessible
Protection gross written premiums reached 8.1 billion euros in 2025, an increase of 3% compared to 2024. Gross written premiums increased 3% in France to 2 billion euros at end 2025. Gross written premiums in international markets totalled 6.1 billion euros in 2025, an increase of 3% compared to 2024. In Latin America, gross written premiums were 1.8 billion euros, an increase of 3% compared to 2024. Gross written premiums in Asia totalled 1 billion euros, up 1% compared to 2024. In Europe (excluding France) and other countries, business posted a rise of 4% compared to 2024, reaching gross written premiums of 3.3 billion euros.
BNP Paribas Cardif is keenly aware of the importance of establishing relationships with partners and clients anchored in long-term confidence and has reaffirmed its commitment to make insurance more accessible. Faithful to this mission, the company works to ensure better insurance cover for its policyholders to protect them against unexpected life events while helping them realise their goals. By taking into account scientific and medical advances, the insurer continually adjusts its offers and subscription terms and has for more than 15 years regularly introduced concrete measures to facilitate access to creditor insurance. This approach expanded further in 2025 in France to include breast, prostate and testicular cancer survivors, who can now subscribe mortgage insurance without any additional premiums or exclusions, even before the legal period of five years established by the “right to be forgotten”.
Furthermore, BNP Paribas Personal Finance and BNP Paribas Cardif have introduced changes to creditor insurance linked to revolving credit offers available from BNP Paribas Personal Finance’s Cetelem brand, providing extended protection and more inclusive eligibility. Designed to address priorities expressed by people in France today, the policies offer broader, innovative coverage to reflect changes in society and demand for protection solutions. They include coverage of spouses without any additional fee, extended job loss coverage, new guarantees covering divorce or dissolution of civil partnerships, or family assistance if someone is obliged to stop working to care for a sick or disabled child or a dependent family member.
Technology and artificial intelligence help improve the customer experience
BNP Paribas Cardif has for many years introduced initiatives to improve the customer experience thanks to technology, while maintaining the highest standards to meet the growing expectations of its clientele. BNP Paribas Cardif remains more convinced than ever that the human dimension remains an essential pillar in the customer relationship. Recognizing the potential of artificial intelligence (AI), BNP Paribas Cardif deploys an international network of 140 experts who focus their efforts on developing and deploying innovative and secure solutions for the insurer’s partners, policyholders and employees.
By embedding technology and AI in the claims management procedure, for example,
BNP Paribas Cardif boosts the efficiency of claims processing. In France, the insurer has worked with Orange to introduce a solution for AI-based automated claims approval for 50% of claims involving breakage or oxidation of mobile devices. Another example is optimisation of the process for claims under the personal protection product “Solution Prévoyance” marketed via the BNP Paribas retail banking network in France. A digital platform available via mobile phone or the web has been rolled out and has cut claims processing time by 3/4. In Brazil, the claims management model combines digital efficiency and human support: 96% of claims are reported digitally and 90% are settled on the same day. Unemployment claims have recorded strong customer satisfaction, with a Net Promoter Score (NPSD) of 75.
BNP Paribas Cardif also introduces innovative solutions upstream from sales to deliver greater value to its customers. Developed for BNP Paribas Cardif’s partner Falabella – a major retailer in Chile – the CarBoosting tool uses AI to enable dynamic pricing for car insurance. This solution enables real-time review and adjustment of premiums to guarantee personalised rates for each customer.