Report
Benoit Valleaux

CNP Assurances : The group has defined its dividend policy

>Decline in premium income in France - CNP Assurances yesterday morning reported its 2018 net profit. Premium income was € 32.4bn in 2018, up 0.7% on a reported basis and 4.1% l-f-l, falling short of forecasts (€ 33.0bn est.). In France, premium income came in at € 21.6bn, down 5.5%, with an 11% decline in personal risk/protection due to new agreements with Crédit Agricole in loan insurance, whilst savings/pensions premium income contracted by 3.8%. The share of unit...
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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