CNP Assurances : Excessive sell-off as the stock continues to offer solid fundamentals
>Commercial momentum driven by international markets - CNP Assurances last week (Thursday) reported its 2019 results. Premiums came in at € 33.5bn (+3.5% reported and +4.0% l-f-l), just short of expectations. They were largely flat in France (down for the BPCE network) and up in international markets (very strong growth of 26.5% l-f-l in Brazil). The new business margin was slightly better than expected at 17.1% (vs our 16.7% forecast, and 14.6% for the consensus), t...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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