Paris, 22 February 2018

Attributable net profit up 7.0% at €1,285 million Dividend increased to €0.84 per share

HIGHLIGHTS

  • EBIT of €2,889 million, up 9.5% (up 7.2% like-for-like)
  • Sharp rise in the APE margin to 23.6% (from 13.9% in 2016), reflecting an improved product mix and a more favourable economic environment
  • Increase in average net unit-linked technical reserves (up 14.3%) and decrease in average other net technical reserves (down 1.8%)
  • Consolidated SCR coverage ratio of 190% (vs. 177% at 31 December 2016)
  • The Board of Directors recommends increasing the dividend by 5.0% to €0.84 per share

Frédéric Lavenir, CNP Assurances' Chief Executive Officer, said:
“CNP Assurances delivered a very good performance in 2017. The significant improvement in the product mix combined with tight cost control led to a sharp rise in net profit.We are confident about 2018, thanks to the improved macro-economic environment, the ramp-up of our new partnerships and digital initiatives.”

The 2017 financial statements of CNP Assurances were reviewed by the Board of Directors at its meeting on 21 February 2018 and are subject to completion of the audit by CNP Assurances' Statutory Auditors. This press release includes a certain number of alternative performance measures (AP M s). These APMs and their calculation method are presente d in the Investor/Analyst section of the CNP Assurances website www.cnp.fr/en/Investor - Analyst (2017 Results)