Paris, 28 July 2016
Attributable net profit for the period of €620 million, up 0.8% (8.7% like-for-like)
CNP Assurances, which operates in Europe and in Latin America, has announced its first-half 2016 revenue and results. These indicators were approved for publication by the Board of Directors at its meeting on 27 July 2016.
HIGHLIGHTS
- Premium income of €17.3 billion, up 6.4% (10.2% like-for-like)
- EBIT of €1,280 million, up 3.6% (14.9% like-for-like)
- Attributable net profit of €620 million, up 0.8% (8.7% like-for-like)
- Group SCR coverage ratio of 165 %
Frédéric Lavenir, CNP Assurances' Chief Executive Officer, said:
"The strong growth in CNP Assurances' EBIT confirms that we are pursuing the right strategic goals. This solid performance in an environment shaped by low interest rates and volatile financial markets is the result of the measures undertaken in recent years to continuously realign our business model."