CNP Assurances : The (welcome) surprise on the dividend
>An upturn in premiums in Q4 - CNP Assurances yesterday morning reported its 2020 earnings. The evening before, the group announced the departure of its Chief Executive Officer, Antoine Lissowski, who will retire after the next AGM. He is to be replaced by Stéphane Dedeyan (until recently CEO of the Vyv group). CNP Assurances reported premium income of € 27.0bn for 2020 (-17.3% reported, -11.5% l-f-l) beating forecasts (our forecast of € 25.8bn and € 25.7bn for the co...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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