Paris, 23 february 2011
Solid Performance from CNP Assurances in 2010
Premium income stable at €32.3bn (-0.8%)
Net profit: €1,050 million (+5%)
Market Consistent Embedded Value (MCEV) of €20.3 per share
Recommended dividend [1] of €0.77 per share
[1] To be submitted for shareholder approval at the Annual General Meeting of 6 May 2011.
(Paris – 23 February 2011) – CNP Assurances, the leading personal insurer in France, with operations in the rest of Europe and in South America, has announced its 2010 premium income and results.
Highlights
[2]Excluding the deferred participation reserve. |
Gilles Benoist, Chief Executive Officer, said:
“In a record-low interest rate environment, our value creation strategy for 2010 consisted of developing sales of risk products both in France and in international markets. This strategy led to solid bottom-line growth and increased balance sheet flexibility. In 2011, with the continued support of all of our partners, we will pursue our expansion in high-margin segments.”