CNP Assurances : A resilient business model against the crisis
>A marked upturn in sales during the easing of lockdown - CNP Assurances yesterday morning reported its H1 2020 net profit. Premium income was € 11,492m in H1 2020, down 34.6% on a reported basis (-32.9% excluding the Fourgous transfers in H1 2019) and 29.2% l-f-l, beating forecasts (consensus at € 11.1bn and our forecast of € 9.4bn). The group indicated that COVID had a negative impact of € 3.6bn on its premiums in H1 (of which € 2.4bn in France and € 0.8bn in Latin ...CNP Assurances is an insurance company. Co. designs, develops, distributes and manages savings, pension & personal risk, and term creditor products. Co. offers savings products and insurance against the risks of everyday life to its customers. Co.'s operations are organized along three business segments. The Savings business concerns products enabling policyholders to build up capital which they can cash in. The Pensions business concerns products designed to enable policyholders to receive an annuity or lump sum on retirement. The Personal Risk business includes products enabling policyholders to insure against the risks of death, accident or illness, property damage or liability claims.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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