Improved Free Cash FlowTurning FCF positive to €642m marks a durable improvement in cash generation that supports upstreaming cash, funding working capital, and paying dividends without relying on external financing. Sustained FCF strengthens financial flexibility and capacity to execute strategy and buy growth.
Strong Solvency CapitalA Solvency II ratio materially above neutral (240% reported, 205% pro forma) provides a durable capital buffer against underwriting and market shocks, supports regulatory compliance, enables opportunistic M&A or reinsurance actions, and underpins consistent shareholder distributions over the cycle.
Strategic Product Mix Shift In AsiaMoving Asian life sales toward participating, capital-efficient products reduces sensitivity to interest rates and long-duration liabilities. This structural shift improves capital efficiency, lowers hedging costs and supports steadier margins and returns across economic cycles in a key growth region.