Paris, 26 july 2013
Robust Results: Margins Increase In Line With Strategic Direction
CNP Assurances, the leading personal insurer in France with operations in the rest of Europe and in Latin America, has announced its revenue and results for the first half of 2013. The results were approved for publication by the Board of Directors on 25 July 2013.
HIGHLIGHTS
- Attributable net profit up 7.9% to €583 million
- EBIT up 4.6% to €1,152 million
- Growth in New Business Value (up 51%)
- IFRS premiums up 5.6% to €14 billion.
- First half trends in line with the Group’s strategic goals:
- Improved product mix
- On-going growth in Latin America
- Investment diversification strategy.
Frédéric Lavenir, CNP Assurances’s Chief Executive Officer, said:
”The quality of our earnings in the first half 2013, particularly the improvement in our product mix, will serve to reaffirm our unwavering commitment in the pursuit of our strategic goals and our relentless focus on creating value.”