CNP Assurances - Investor Presentation
KEY INVESTMENT
HIGHLIGHTS
CNP Assurances - Investor Presentation - March 2020
CNP
assurances
MARKET LEADERSHIP
#2 in France (1)
#3 in Brazil (1)
SOLID GROWTH PROSPECTS
Renewal of main partnerships both in France, in Europe and in Latin America
2020 Attributable net profit to grow between 3 to 7%
RESILIENT FINANCIAL PERFORMANCE
Continuously delivering profits and paying stable or growing dividends since IPO in 1998
Low guaranteed yield across French savings liabilities of 0.23% at year-end 2019
BEST IN CLASS' EFFICIENCY
2nd most efficient European life insurer (administrative expense ratio) (2)
€45m target in recurring reduction in cost base on a full year basis vs. 2018 by 2021
FINANCIAL STRENGTH
227% Group SCR coverage ratio at 31 December 2019 (standard formula without transitional measures)
A1/A financial strength rating assigned by Moody's/S&P (both with stable outlook)
CORPORATE SOCIAL RESPONSIBILITY
A CSR strategy aligned with the United Nations Sustainable Development Goals
A responsible investor committed to helping meet the +1.5 C climate objective
(1) In terms of insurance premium income
(2) Source: HSBC European Insurance Cost-cutting Calculator (November 2017)
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