Higher earnings, with net profit of €1,582m, and increased flow of new money to €37.4bn, strong growth momentum and recognised ESG commitments.

CNP Assurances Group financial indicators

  • Premium income1 of €37.4bn (up 6% at constant exchange rates vs 2023)
  • Attributable net profit of €1,582m (up 2% vs 2023)
  • SCR coverage ratio of 237% (down 16 pts vs 31 December 2023)
  • Equity of €21.0bn (down €1.3bn vs 31 December 2023)
  • Net contractual service margin (CSMN) of €9.9bn (down €1.5bn vs 31 December 2023).

Non-financial indicators2

  • Highest MSCI ESG rating (AAA), with a score of 9.7 out of 10
  • €29.4bn green investment portfolio, with €2.2bn added in 2024
  • Impact investments of €1.7bn (vs €1.6bn in 2023)
  • Carbon footprint of the investment portfolio reduced by 58% over the past five years, to 45 kgeqCO2/€k invested
  • Gender equality index score (CNP Assurances SA) of 100/100 for the second year running
  • A total of 14 products specially designed for vulnerable populations now available.

Development of new growth drivers

  • Strong momentum in La Banque Postale network, accounting for 31%3 of group premium income
  • Reinforced ambition in social protection with the creation of CNP Assurances Protection Sociale4 with La Mutuelle Générale
  • Continued development of open model distribution in France and internationally, with 8 new partnerships for CNP Vita Assicura and 3 for CNP Seguradora.

Marie-Aude Thépaut, Chief Executive Officer of CNP Assurances

"CNP Assurances delivered excellent financial and non-financial performances in 2024, reflecting the success of our multi-partner model. In this regard, premiums generated by La Banque Postale account for a significant proportion of the Group’s total premium income.

Overall, premium income was up across all our geographies and we actively pursued our strategy to win market share. The creation of CNP Assurances Protection Sociale and the signing of new open-model partnerships have made our Group even stronger.

Our non-financial performance has been recognised, with MSCI awarding us its highest triple-A rating. We continue to lead the way with the abolition of breast cancer-related premium surcharges and exclusions for survivors of the disease.

Once again this year, we are reaffirming our commitments to our stakeholders through our two coreactivities: responsible insurance and responsible investment."

1  Premium income is a non-GAAP indicator
2  Scope: CNP Assurances SA and its subsidiaries
3  31.7% including CNP Patrimoine products marketed by Louvre Banque Privée
4  Interest acquired at holding company level

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