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The Crédit Mutuel Insurance Group has a solvency ratio of 218% as of June 30, 2024
The Crédit Mutuel Insurance Group (GACM) achieved a solvency ratio of 218% as of June 30, 2024, down 8 points compared to December 31, 2023. This decrease results from the inclusion of a forecast dividend in the second half of the year, linked to operations to optimize the capital structure of GACM and the Crédit Mutuel Group.
As of June 30, 2024, the solvency ratio is calculated by reducing eligible own funds, i.e. EUR 13,953 million, to the SCR (Solvency Capital Requirement), amounting to EUR 6,388 million. The SCR is determined according to the standard formula, without transitional measures. In addition, 92% of GACM's own funds are classified as unrestricted tier 1.
GACM's Minimum Capital Requirement (CMR) coverage ratio stands at 525%, compared to 539% as of December 31, 2023. These ratios include the proposal to pay an exceptional dividend, which will be submitted to the GACM general meeting on September 27, 2024.
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