2018: solid results for SOGELIFE
Press Release Luxembourg, Monday, 6 May 2019
SOGELIFE generated further growth in 2018
SOGELIFE made 2018 revenue of €1.4 billion, an increase of 36% in relation to 2017. With this, SOGELIFE is ranked the seventh(1) largest life insurance company in Luxembourg (having moved up three places from 2017). Total outstandings stood at €9.4 billion at the end of 2018, an increase of 5% in relation to the previous year.
“Our strategy of development through unit-linked policies has been confirmed with unit-linked outstandings having doubled since the launch of our DUCAL(2) transformation plan at the end of 2014. SOGELIFE will continue to develop its activity by speeding up investment in innovative solutions and services and will continue to put the “customer experience” at the centre of its strategy”, said Jean ELIA, CEO of SOGELIFE.
Press contact: firstname.lastname@example.org
SOGELIFE, the life insurance company of Société Générale Assurances, established in Luxembourg since 1996, offers life insurance and endowment solutions for an international wealth management client base in Luxembourg, France, Belgium, Switzerland, Italy, UK, Monaco, Spain and the Czech Republic. The company operates as part of an open architecture structure with a diversified distribution network comprising private banks, custodian banks, asset managers and insurance brokers.
For all the latest news on SOGELIFE, see its new institutional website at: www.sogelife.com
(1) Source: ACA data
(2) DUCAL: Development of unit-linked activity in Luxembourg