Paris, le 25 février 2009
Recurring profit before fair value adjustments up by a better-than-expected 13%
Net profit down 40% to €731 million
Dividend unchanged at €2.85 per share
(Paris – 25 February 2009) - CNP Assurances, France's leading personal insurer with operations in Europe and South America, has announced its 2008 results, which confirm its robust fundamentals.
Highlights
- Recurring profit before fair value adjustments up 13%, slightly better than forecast.
- Net profit affected by falling financial markets (down 40% to €731 million).
- Dividend maintained at €2.85 per share
- Solvency capital at 1.15 times the regulatory minimum
- Market consistent embedded value (MCEV) of €70.3 per share.