CNP Assurances : 2021 net profit ahead of forecasts
>Improved product mix - CNP Assurances reported its 2021 results yesterday. Group premiums totalled € 31.7bn (+17.5% reported and +19.4% like-for-like vs 2020 and 4.3% above 2019 like-for-like), slightly ahead of our forecast (€ 31.2bn). In France, premiums reached € 20bn (+22.8% vs 2020 and -3.5% vs 2019), with an improved product mix in savings/pensions, where the unit-linked share of premiums rose by 2.6pts to 29.3%. The new business margin in France recovered to 1...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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