Earnings of €758m, a very high consolidated SCR coverage ratio of 263%, and sustained green investments over the first half of the year (€1.5bn) 

 

CNP Assurances Group financial indicators1

  • Premium income2 of €19bn (down 2% vs first-half 2023)  
  • Attributable net profit of €758m (down 15% vs first-half 2023)
  • Consolidated SCR coverage ratio of 263% (up 10 pts vs 31 December 2023)
  • Equity of €20.8bn (down 7% vs 31 December 2023)
  • Net contractual service margin (CSM) of €16.8bn (down 0.6% vs 31 December 2023)
  • Economic value3 of €31.9bn (down 0.5% vs 31 December 2023

 

Non-financial indicators4

  • Outstanding green investments reached €28.7bn (up €1.5bn in the first half)
  • Outstanding impact investments remained stable at €1.6bn, exceeding the target of €1bn by the end of 2025, with investments in renewable energies.
  • Carbon footprint of the investment portfolio down to 46 kgCO2e/€k invested (vs 47 kgCO2e/€k invested at end-2023), in line with the Paris Agreement trajectory. This is a result of our strict fossil fuel exclusion policy.
  • 43% of senior management positions held by women (up 3 pts over the period)
  • 13 products now on offer that improve access to insurance for vulnerable populations, covering over
    1 million policyholders.
  • 1st life insurer in the world ShareAction ranking 

 

Development of growth levers

  • Signing of binding agreements with La Mutuelle Générale (LMG) to create a major player in the field of social protection
  • Signing of an agreement for the exclusive distribution with Banco de Brasília (BRB) for the distribution of savings and consorcio products for a period of 20 years

 

Marie-Aude Thépaut, Chief Executive Officer of CNP Assurances
"CNP Assurances delivered good results after an exceptional year in 2023. Our consolidated SCR ratio is very high, reflecting our solidity. We are pursuing our development strategy by activating new growth drivers in France and abroad. 
During the first half of the year, this strategy led to the signing in France of binding agreements with La Mutuelle Générale to create a major player in social protection, and the signing of a 20-year exclusive distribution agreement in Brazil with Banco de Brasilia. 
We continue to push back the limits of insurability, for example, by enabling people who have overcome breast cancer to carry out their real estate projects. I am very proud of our Group’s development combining financial and non-financial performance with a strong commitment to sustainability and insurability." 

1 CNP Assurances SA, its French subsidiaries and the four entities CNP Assurances IARD, CNP Assurances Prévoyance, CNP Assurances Santé and CNP Assurances Conseil et Courtage
2 Premium income is a non-GAAP indicator
3 Equity and CSM net of tax and non-controlling interests
4 CNP Assurances SA and its subsidiaries

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