Paris, 10 November 2010
CNP Assurances, the leading personal insurer in France with operations in the rest of Europe and in South America, has announced its quarterly indicators
for the first nine months of 2010.
Highlights
- Premium income up 2.5%, reflecting 13% growth in both personal risk and loan insurance business and stabilized savings revenues in France.
- Average technical reserves excluding deferred participation up by nearly 9%, with net new money in France a very positive 6.4 billion.
- Attributable net profit of 795 million for the nine months ended 30 September 2010.
Gilles Benoist, Chief Executive Officer, said:
"In the current low-interest rate environment, personal risk and loan insurance are the growth drivers. CNP Assurances has solid positions in these businesses in France and abroad. The launch of a structural partnership with MFPrévoyance during the summer will strengthen our positioning in these segments."