CNP Assurances : The group continues to show good resilience in the face of the crisis
>A rebound in premiums in Q3 at the international activities - CNP Assurances yesterday morning reported its 9M 2020 net result. Premium income was € 18.6bn (-26% reported vs an adjusted 2019 base, -21% at constant forex), beating expectations (consensus € 17.3bn, our forecast of € 18.2bn), with an estimated COVID impact for the group of -€ 3.5bn. Premium income was € 7.2bn in Q3 alone (-14% reported, ~-7.5% l-f-l). In Q3, premium income in France was € 4.2bn in Q3 (-...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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