Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio
France: growth in Savings/Pensions and Personal
Risk/Protection net insurance revenue
Administrative costs
(Єm)
+5.4%
Total revenue
(Єm)
+4.5%
Change
2,910
2,786
vs 2021
:
616
724
-6.7%
776
716
745
2,186 +8.8%
2,009
1,442
1,293
31.12.2021
Savings/Pensions NIR
31.12.2022
Revenue from own-funds portfolios
Personal Risk/Protection NIR
EBIT
(Єm)
+4.2%
649
2,170
2,262
31,12,2021
31,12,2022
31,12,2021
31,12,2022
CNP
assurances
Lower revenue from own-funds portfolios: impact of sales of bonds and reinvestment of the proceeds in assets paying higher rates of interest, so as to
improve the portfolios' recurring yield, partly offset by increased gains on the equity portfolio
EBIT rose by 4.2%, reflecting the favourable effect of higher interest rates (providing scope to release funds from interest-related reserves), and controlled
5.4% growth in administrative costs in an inflationary environment
Investor Presentation
March 23 78View entire presentation