CNP Assurances : The group should continue to show good resilience in the face of the crisis
>A decline in sales anticipated in Q3 - CNP Assurances is due to publish 9M 2020 net earnings on 19 November. We forecast premium income of € 18.2bn (-29.7%), which is higher than the consensus (€ 17.3bn, -33.1%). Our forecast corresponds to premiums in Q3 alone of € 6.7bn (-19.4%). This marked decline in sales results from the continued impact of the current crisis, bearing in mind that we do not anticipate any catch-up in sales during the post-lockdown period. As su...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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