Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

CNP Assurances : Favourable operational trends

>A rebound in premiums with an improvement in the product mix - On Wednesday, CNP Assurances reported its H1 2021 net earnings. Premium income in H1 2021 was € 16.3bn (+41.7% reported and +46.9% on a like-for-like basis vs H1 2020 marked by the crisis), beating expectations (vs our forecast of € 15.6bn and € 14.2bn for the consensus). On a like-for-like basis, H1 2021 premiums were 3% above the H1 2019 level (but 7% below on reported data due to the depreciation in th...
Underlying
CNP Assurances SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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