trending Market Intelligence /marketintelligence/en/news-insights/trending/alvo96h4vg1wlndojgdkga2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

CNP Assurances sees net profit, revenue tick up YOY in H1

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February


CNP Assurances sees net profit, revenue tick up YOY in H1

CNP Assurances SA reported first-half net attributable profit of €672 million, up from €657 million in the same period in 2017.

The Paris company's premium income based international financial reporting standards rose on a yearly basis to €16.96 billion from €16.37 billion. First-half performance was shaped by the negative currency effect from a 20% decline in the average Brazilian real exchange rate during the period.

Premium income from the company's home French market was €11.46 billion in the first half, down from €11.99 billion a year ago. Premium income from the company's international operations rose 25.5% to €5.50 billion from €4.38 billion. Brazil accounted for €2.86 billion of the total, up 14.3% from €2.50 billion a year earlier.

First-half total revenue amounted to €1.94 billion, compared to the year-ago €1.92 billion. Revenue from the company's own-funds' portfolios rose year over year to €467 million from €444 million.

Net insurance revenue remained flat at €1.47 billion in the first half of the year. Net insurance revenue in France increased year over year to €862 million from €796 million. The rest of Europe accounted for €112 million of net insurance revenue, down from €139 million a year ago. Net insurance revenue in Latin America also decreased year over year to €499 million from €539 million.

First-half earnings before interest and taxes totaled €1.50 billion, up from €1.48 billion in the same year-ago period.

As of June 30, the company's consolidated solvency capital requirement coverage ratio stood at 198%, compared to 190% at Dec. 31, 2017.