Paris, 31 July 2014
Attributable net profit for first-half 2014 up 3.0% to €601 million
CNP Assurances, the leading personal insurer in France with operations in the rest of Europe and in Latin America, has announced its revenue and results for the first half of 2014. The results were approved for publication by the Board of Directors on 30 July 2014.
HIGHLIGHTS
- Attributable net profit up 3.0% to €601 million
- A first half that gives shape to the Group’s strategic goals:
- Continued improvement in product mix
- An enhanced product offering
- A long-term strategic partnership agreement signed with Banco Santander in Europe
- Sustained momentum with premium income up 12.5% to €15.8 billion
- Revenue up 1.8% to €1,625 million)
- EBIT up 3.2% to €1,188 million
- MCEV® at €23.8 per share, 6% higher than at 31 December 2013 after dividends
- Solvency I ratio: 374% (119% excluding unrealised gains)
Frédéric Lavenir, CNP Assurances’s Chief Executive Officer, said:
“With EBIT up 10.4% on a like-for-like basis, our robust operational performance in the first half of 2014 reflects the effectiveness of the Group’s strategy."