Paris, 23 February 2017

Attributable net profit up 6.2% at €1,200 million Dividend increased to €0.80 per share

HIGHLIGHTS

  • Further improvement in the product mix across all regions, with a very positive €3.2 billion net inflow of funds to unit-linked products and a symmetrical €2.2 billion net outflow from traditional savings and pensions products, leading to 9.1% growth in average linked technical reserves and a 0.3% dip in average other technical reserves
  • Premium income of €31.5 billion, down by a slight 0.2% as reported (up 1.4% like-for-like)
  • EBIT of €2,638 million, up 8.7% as reported (12.8% like-for-like, significantly outperforming the objective of 5% annual growth)
  • Attributable net profit of €1,200 million, up 6.2% (9.2% like-for-like)
  • Consolidated SCR coverage ratio of 177% at 31 December 2016
  • Increase in the dividend to €0.80 per share recommended by the Board of Directors

Frédéric Lavenir, CNP Assurances' Chief Executive Officer, said:

"After the first year of implementation of the new distribution agreements and with these high quality business and earnings performances, CNP Assurances reaffirms its growth outlook, paving the way for faster transformation with the successful launch of YOUSE in Brazil and the business model digitisation strategy in France and Europe."