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CNP Assurances Q1 profit up 3.7% YOY

CNP Assurances SA reported first-quarter attributable net profit of €313 million, up 3.7% from €302 million in the same period in 2017.

Premium income amounted to €8.61 billion, up from €7.87 billion a year earlier. Premium income from the company's French market rose on a yearly basis to €5.98 billion from €5.70 billion, while premium income from international operations also increased to €2.63 billion from €2.17 billion.

The French insurer's total revenue reached €848 million in the quarter, up from €838 million a year earlier. Administrative costs stood at €223 million, compared to €224 million in the first quarter of 2017.

As of March 31, the consolidated solvency capital requirement coverage ratio was 192%, compared to 190% at the end of 2017.