CNP Assurances : Good resilience in the face of the crisis
>Decline in premium income in Q1 2020 - CNP Assurances yesterday morning reported its Q1 2020 net profit. Premium income came in at € 6,852m, down 19.9% reported (-14.4% at constant exchange rates), below expectations (consensus of € 8,230m, our forecast of € 7,552m), with notably a significant decline in premium income in France (-25.2%), which is partly due to the COVID-19 effect, but also to a more selective subscription policy and the financial markets environment...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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