Report
Benoit Valleaux

CNP Assurances : Market will focus on the dividend policy for this year

>Premiums expected to be down - CNP Assurances is due to report 2020 results on 17 February before trading. We expect the group to have booked premiums of € 25.8bn in 2020, down 23.0% on 2019, with an anticipated decline of 5.9% in premiums in Q4 2019 alone. Activity in France is likely to continue to suffer from the crisis (estimated at -27.5% in 2020, of which -3.5% in Q4). In top of the impact of the crisis in other European countries, we think that despite the goo...
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

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