Our financial performance 2019 2/2 Promising diversification
Diversification paying off
The strength of CNP Assurances’ position derives from its diverse geographical base and product mix combined with tight cost control.
BREAKDOWN OF EBIT BY SEGMENT
Savings 61%
Pensions 19%
Personal risk/protection(1) 20%
(1) Personal risk, health, term creditor and property and casualty insurance.
BY GEOGRAPHICAL AREA
France 63%
Latin America 32%
Europe 5%
STEADY REDUCTION IN THE COST/INCOME RATIO IN FRANCE(1)
- 2014 44.2%
- 2016 39.3%
- 2018 33.9%
- 2019 33.7%
(1) This indicator measures operational efficiency based on administrative expenses. It is calculated by dividing administrative expenses by net insurance revenue. A lower ratio indicates an improvement in operational efficiency.
CONSOLIDATED SCR RATIO (SOLVENCY II)
227%
This ratio reflects the strength of the Group’s balance sheet.
FINANCIAL STRENGTH CONFIRMED BY THE RATING AGENCIES
- A,stable outlook
- Standard & Poor’s (December 2019)
- A1, stable outlook
- Moody’s (November 2019)