Paris, 7 February 2008
CNP Assurances announces 2007 consolidated premium income of €31,530 million and around 8% growth in technical reserves
Summary
- Premium income amounted to €6,935.7 million for fourth-quarter 2007 and €31,529.5 million for the year.
- Technical reserves were up by around 8% on an annualised basis.
- Market share remained stable in France and growth outside France stood at 10%.
Note:
Spanish subsidiary CNP Vida – formerly Skandia Vida – has been consolidated as from 5 April 2007, following completion of its acquisition on 4 April.
The acquisition of 49.9% of Ecureuil Vie had no impact on premium income but did affect the annual premium equivalent (APE).