Belonging to the public sphere

CNP Assurances has a solid shareholder base with a majority public shareholding, and is committed to long-term development.

A public institution until 1992, CNP Assurances is a public limited company with a Board of Directors. It was floated on the stock market in 1998. 
The continued support of its four historic shareholders – Caisse des Dépôts, La Banque Postale, BPCE and the French State – since its initial public offering, as evidenced by the signature of an agreement, has strengthened CNP Assurances' sustainability and the development of its partnership model.

Shareholding structure 

On 4 March 2020, as part of the creation of a major public financial centre announced by the public shareholders of CNP Assurances on 30 August 2018, shares were exchanged and transferred between the French State, Caisse des Dépôts, La Poste and La Banque Postale.

CNP Assurances' capital at 31 December 2020 is broken down as follows:

  • La Banque Postale (1) : 62.8
  • BPCE : 62.8
  • Free float : 62.8

New agreement between BPCE and La Banque Postale

As part of the merger between CNP Assurances and La Banque Postale, and following LBP's termination at the end of June of the current agreement relating to CNP Assurances, which was due to expire on 31 December 2019, BPCE and La Banque Postale signed a new agreement in their capacity as shareholders of CNP Assurances (holding 16.11% and 62.13% of the capital respectively), which will be in force until the end of 2030. 

With two directors, the BPCE Group will continue to be represented on the Board of Directors of CNP Assurances and its specialist committees.

Partner shareholders

CNP Assurances' two major distribution partners, La Banque Postale and the BPCE Group's networks (Caisses d'Epargne, Banques Populaires and Crédit Foncier), are and will remain stable shareholders of CNP Assurances.

La Banque postale

La Banque Postale, a subsidiary of the La Poste Group, is active in retail banking, insurance and asset management. As a major shareholder of CNP Assurances, it has undertaken to extend its current agreements until 2036.

Learn more about La Banque Postale


Focused on protection, the distribution partnership renewed in 2015 between the BPCE Group and CNP Assurances has been extended until 31 December 2030. 

Learn more about BPCE

Shareholder remuneration through dividends

By investing in the capital of CNP Assurances, shareholders have decided to support its development. In return, CNP Assurances offers them remuneration in the form of regular dividends. Since its IPO, CNP Assurances' dividend has never fallen.

A share of the capital open to investors

Nearly 22% of the capital is held by institutional investors (insurance companies, pension funds, etc.), individual shareholders and employee shareholders.