CNP Assurances today publishes its 2021 Solo and Group Solvency and Financial Condition Reports (SFCR), in accordance with regulatory requirements.

These reports cover the 2021 financial year and were approved by the CNP Assurances Board of Directors on 7 April 2022. This announcement concerns the French versions of these documents. The English versions will be published online soon. 

The SFCR is a narrative report aimed at the general public and has been required by the Solvency II Directive since 2016. It is published annually: 

  • In a “Group” version for CNP Assurances Group, covering the consolidated activity of CNP Assurances SA and its subsidiaries in France and around the world
  • In a “Solo” version for CNP Assurances SA on a standalone basis, covering only the activity of CNP Assurances SA, without including its subsidiaries

Key takeaways from the CNP Assurances Solo and Group SFCRs at 31 December 2021

The Group SCR coverage ratio stood at 217% in 2021 (+9 pts versus 2020), mainly boosted by higher interest rates and bullish equity markets. This financial strength was due to a sound, prudent risk management policy that is consistent with the company’s long term strategy.

The other solvency indicators were as follows:

  • Own funds eligible for inclusion in the Group SCR calculation totalled €39.1 billion at year-end 2021, including a policyholder surplus reserve of €12.7 billion calculated using the method recommended by the ACPR (French Prudential Supervision and Resolution Authority). Joint ventures also reported an additional €4.0 billion in surplus own funds that are not recognised by the regulator at Group level.
  • The Group SCR amounted to €18 billion at year-end 2021, with 59% for market risk and 29% for underwriting risk. Risk diversification benefits are estimated at 23%.
  • CNP Assurances’ Solo SCR coverage ratio stood at 236% at year-end 2021.

How to obtain our SFCRs:

On the CNP Assurances website:

By contacting one of your dedicated contact persons at by clicking here