Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio
Bank bond portfolio (excluding unit-linked portfolios)
Bank bond portfolio ¹ by ranking
(%)
Bank bond portfolio by rating²
(%)
5%
14%
81%
Bank bond portfolio¹ by country
(%)
Senior
Senior non-preferred
Dated subordinated
AAA 3%
Perpetual subordinated <0,5%
AA
11%
A
BBB
22%
France
US
Spain
Germany
High Yield 1%
Netherlands
Sweden
UK
Italy
Belgium
Switzerland
Not Rated 3%
Australia
Other
25%
10%
20%
3% 3%
2%
5%
8%
3%
3%
7%
11%
CNP
assurances
Unaudited management reporting data at 31 December 2022
1. CNP Assurances and its subsidiaries, excluding Argentina and Arial. Subsidiaries acquired from Aviva added in H2 2022 on 100% basis and CNP Partners removed
2. Second-best rating: method consisting of using the second-best rating awarded to an issue by the three leading agencies, S&P, Moody's and Fitch
60%
Investor Presentation
March 23
40
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