Net profit of €672 million, up 2.3%
APE margin of 24.3%
Consolidated SCR coverage ratio of 198%
 

Paris, 30 July 2018
 
HIGHLIGHTS

  • First-half 2018 premium income up 3.6% at €17.0 billion (up 6.6% like-for-like), reflecting strong unit-linked sales across all three geographies
  • The APE margin rose to 24.3% vs. 23.6% in 2017
  • EBIT stood at €1,499 million, up 1.5% (up 7.9% like-for-like)
  • Attributable net profit came in at €672 million, up 2.3% (up 2.6% like-for-like)
  • Net operating free cash flow was 29.7% higher at €809 million
  • The consolidated SCR coverage ratio was 198% at 30 June 2018 vs. 190% at 31 December 2017

 
Frédéric Lavenir, CNP Assurances' Chief Executive Officer, said:"CNP Assurances performed very well during the first half despite the unfavourable currency effect in Brazil, thanks to the improved product mix in all our markets."