CNP Assurances: FY earnings down 4%

(CercleFinance.com) - CNP Assurances has reported FY 2020 net income, group share that is down 4.
4% (-2.1% at constant exchange rates) at 1.35 billion euros, with and gross operating profit that is down 14% (-5.7% at constant exchange rates) to 2.61 billion euros.

At 27 billion euros, revenue declined 17.3% (down 11.5% at constant exchange rates), with positive net inflows of 5.9 billion euros for unit-linked contracts and an outflow of 7.2 billion euros for euro-denominated contracts at the group level.

The Board of Directors is proposing a dividend payment of 1.57 euros per share, comprising a regular dividend of 0.77 euro and an extraordinary dividend of 0.80 euro, representing a payout rate of 40% over the years 2019 and 2020.


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