Premium income of €18.6 billion
Attributable net profit of €918 million
SCR coverage ratio of 203%


  • Premium income of €18.6 billion, down 25.7% as reported (down 21.0% at constant exchange rates)
    - Strong commercial momentum in the third quarter, across all geographies
    - In France, €5.7 billion net outflow from traditional savings contracts and €0.9 billion net inflow to unit-linked contracts
     - At Group level, 50.7% of Savings/Pensions new money from unit-linked contracts (24.4% in France)
  • EBIT of €1,943 million, down 14.7% as reported (down 6.7% like-for-like)
  • Attributable net profit of €918 million, down 7.0% as reported (down 4.5% like-for-like)
  • APE margin of 12.2%, down in France, up in international markets
  • Consolidated SCR coverage ratio of 203%, reflecting impact of lower interest rates

Antoine Lissowski, CNP Assurances’ Chief Executive Officer, said:
“CNP Assurances demonstrated its resilience over the first nine months of 2020, ending the period with very high third quarter business volumes, especially in Brazil. The Covid-19 financial and public health crisis has had limited impact at this stage.
Decisive measures were taken to implement the Group’s transformation strategy. In France, this led to a decrease in the traditional savings business and a transformation of the in-force portfolio . Across all geographies, commercial efforts continued to focus on modern products suited to the current economic environment.
The Group’s robustness is reflected in its SCR coverage ratio, which remains very high.”

The results indicators for the first nine months of 2020, on which CNP Assurances’ Statutory Auditors do not provide an opinion, were reviewed by the Board of Directors at its meeting on 18 November 2020. This press release includes a certain number of alternative performance measures (APMs). These APMs and their calculation method are presented in the Investors section of the CNP Assurances website.