Paris - 17 February 2016
Attributable net profit up 4.7% to €1,130 million and a Solvency II coverage rate of 192%
CNP Assurances, the leading personal insurer in France, with operations in the rest of Europe and in Latin America, has announced its 2015 revenue and results. These indicators were approved for publication by the Board of Directors at its meeting on 16 February 2016.
HIGHLIGHTS
- Premium income of €31.6 billion, up 2.5% (3.4% like-for-like)
- New business margin up 0.8 points to 14.5%
- Solvency II coverage rate of 192%
- Attributable net profit up 4.7% (10.7% like-for-like) at €1,130 million
- A cash dividend of €0.77 per share to be recommended at the Annual General Meeting on 28 April 2016
Frédéric Lavenir, CNP Assurances' Chief Executive Officer, said:
"Business and earnings continued to grow steadily in 2015, in a low interest rate environment and despite the decline in the Brazilian real. The process of transforming the business continued during the year, in line with the strategy announced in 2013. In 2016, development of our multi-partner business model will move up a gear and we will assertively deploy our digital strategy."