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CNP Assurances: H1 net profit up 2.3%

(CercleFinance.com) - CNP Assurances reports net income, group share of 687 million euros, up 2.
3% (+3.3% at constant consolidation scope and exchange rates), with gross operating income of 1,566 million euros, up 4.4% (+6.2% in organic terms), for the first half of 2019.

The proportion of Savings/Pensions premiums represented by unit-linked contracts still high, at 39.2% (versus 42.2% in H1 2018), with an APE margin of 16.9%, reflecting the impact of lower interest rates in Europe

"Disciplined cost management is helping to drive further improvement in the cost/income ratio, and we are continuing to transform the business," said CEO Antoine Lissowski.


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