Report
Benoit Valleaux

CNP Assurances : Solvency margin expected to be down at end-September

>A slight increase in premiums expected - CNP Assurances is due to publish 9M net profit on Friday morning. We forecast gross written premiums of € 25.3bn, up 2.9%, corresponding to premiums of € 7.7bn (+1.2%) for Q3 2019 alone. We expect premiums to be more or less stable in France in Q3, against a backdrop of a slowdown in the market a greater selectivity by the group. Organic growth should remain robust at the international activities (premiums expected to be up 3....
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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