Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio
Strong momentum in international markets
Robust growth led by the acquisition of 100% interests in the CNP Vita Assicura (CVA) subsidiaries in Italy
Premium income
(Єm)
5,291
+43.5%
9,419
Change
Reported Like-for-like
+43.5% -3.5%
EBIT
(€m)
227
5,004
+78.0%
-5.4%
+41.5%
Change
Reported Like-for-like
+41.5% +11.6%
410
267
+80.6%
+17.5%
898
765
+28.8%
+9.6%
698
6,388
7,341
6,270
+14.9%
-1.8%
2021
2022
2022 Lfl
Europe excl. France
2021
2022
2022 Lfl
Latin America
CNP
assurances
The international business's contribution to total EBIT increased by 7 pts to 37%
The CVA subsidiaries (€4.4bn in premium income) accounted for 57% of premium income in Italy and 26% of international premium income. Their
EBIT of €143 million represented 11% of EBIT excluding France
Like-for-like EBIT growth reflected strong momentum in CUV 's Personal Risk/Protection business (Italy) and CVP's private pension plan
business (Brazil)
Our distributors and partners' refocusing on banking products in Q4 had an impact on new money in Brazil and Italy,
with the 30% fall over this period cancelling the gains made in the early part of the year
Investor Presentation
March 23 | 19View entire presentation