2015 performance

In 2015, the business progressed steadily and the results were robust during a transformation phase for the Group.

The business and the results continued to progress steadily in 2015 against a background of low interest rates and in spite of the fall in the real. In 2015, the transformation of the Group continued, in line with the strategy announced in 2013.
In 2016, the evolution of our multi-partnership business model will accelerate and our digital strategy will be affirmed.
Source: 2015 annual results of CNP Assurances (IFRS).


Group premium income

2O14 : €30.8 billion
2O15 : €31.6 billion
+2.5%

 

Distribution of premium income by segment

  • Personal risk and protection(1) : 21.2%
  • Pensions : 10.8%
  • Savings : 68%

(1) Personal risk and protection, health, term credit and property & casualty insurance.


Distribution of premium income by geographical area

  • Latin America : 10.1%
  • Europe excluding France : 11.4%
  • France : 78.5%


Total revenue (net premium income + income on own account)

€3,288 million +0.3%
+6.8% at constant scope and exchange rates

In France, net premium income increased by 4.6% to €1,386_million, supported by a positive dynamic in all segments.
Net premium income in Latin America (€921_million) was affected by the fall in the exchange rate (–4.1%; +12.6% at constant scope and exchange rates).
In Europe excluding France, net insurance income was down by 5.2%, affected on a non-recurring basis by changes in scope in 2015 (disposal of CNP BVP, integration of CNP Santander Insurance and the relaunch of CNP Partners).
Income on own account was virtually stable at €774 million (+4.6% at constant scope and exchange rates).


Group EBIT

€2,426 million
Slightly down by –0.6% but up by 7.7% at constant scope and exchange rates

2014 : 2,442 
2015 : 2,426


Distribution of EBIT by segment

Personal risk and protection(2) : 43.7%
Savings and pensions : 56.3%
(2) Personal risk and protection, health, term credit and property & casualty insurance.

 

Distribution of EBIT by geographical area

Latin America : 35.1%
Europe excluding France : 3.5%
France : 61.4%


Attributable Group net profit

€1,130 million (+4.7%)
+10.7% at constant scope and exchange rates


Average organic EBIT growth target(3)

of at least 5% over three years
(3) In line with the group’s strategy.


Operating free cash flow(excluding subordinated securities)

€955 million, i.e. €1.39 per share
+8.4%
CNP Assurances pays its shareholders and finances its growth using the profit generated by its activities and its balance sheet.


Dividend

€0.77 per share, in cash submitted to the vote of the shareholders at the General Meeting on 28 April 2016.


Solvency II ratio

192%
This coverage rate reflects the strength of the Group’s balance sheet.