Investor Presentation - CNP Assurances Corporate Bond Portfolio and SCR Coverage Ratio
Bond portfolio (excluding unit-linked portfolios)
by issuer, maturity and rating
Bond portfolio¹ by type of issuer
(%)
Bond portfolio¹ by maturity
(%)
1%
20%
20%
1.79%
Average return
on fixed-rate (vs
1.88% in 2021)
42%
34%
10%
Less than 5 years
5 to 10 years
10 to 15 years
59%
Sovereigns
Corporates
Banks
Covered bonds
Unaudited management reporting data at 31 December 2022
Bond portfolio¹ by rating²
(%)
45%
14%
More than 15 years
22%
24%
6%
AAA
AA
A
BBB
2%
High Yield
1%
Not Rated
CNP
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
Investor Presentation
assurances
March 23
44View entire presentation