CNP Assurances: interim earnings up 6%.
(CercleFinance.com) - CNP Assurances reported a 6% increase in net attributable income at 657 million euros, with a 15.
4% increase in EBITDA at 1,477 million euros, over the first six months of the year.
The net inflow into unit-linked savings/pensions products and the symmetrical 5.0 billion euro net outflow from traditional products led to 16.4% growth in average unit-linked technical reserves and a 1.5% dip in average other technical reserves.
Premium income down 5.2% to E16.4 billion, due to the discontinued underwriting of new Caisses d'Epargne savings/pensions business, partly offset by the strong growth dynamic in Brazil.
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4% increase in EBITDA at 1,477 million euros, over the first six months of the year.
The net inflow into unit-linked savings/pensions products and the symmetrical 5.0 billion euro net outflow from traditional products led to 16.4% growth in average unit-linked technical reserves and a 1.5% dip in average other technical reserves.
Premium income down 5.2% to E16.4 billion, due to the discontinued underwriting of new Caisses d'Epargne savings/pensions business, partly offset by the strong growth dynamic in Brazil.
Copyright (c) 2017 CercleFinance.com. All rights reserved.