Report
Benoit Valleaux

CNP Assurances : Strong activity in Q1 but net profit and solvency a shade below forecasts

>Strong premium growth in France in Q1 - Yesterday evening after market, CNP Assurances reported its Q1 2021 results. Premiums were € 7,854m, up 14.6% on a reported basis and 21.8% l-f-l, beating forecasts (consensus € 7,126m, our forecast € 7,092m). The difference vs our forecast essentially stemmed from an increase in premiums in France (+23.8%) which was stronger than we anticipated (+8.9% est.), with a very marked increase in premiums coming from BPCE (+28.9%) and...
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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