CNP Assurances: Q1 gross operating profit up 31%
(CercleFinance.com) - CNP Assurances has reported a 2.
7% increase in net profit to 316 million euros and a 30.6% increase in gross operating profit to 933 million euros (+24.4% LFL) for Q1 2022.
Revenues increased 25.3% to 9.8 billion euros (+5.5% LFL), in particular including stable business in France with an improvement in the proportion of unit-linked sales.
The group said that the completion of its capital gains program at the beginning of 2022 means that it can look forward to the rest of 2022 with confidence, and a high solvency ratio of 243% reflects the company's financial strength.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
7% increase in net profit to 316 million euros and a 30.6% increase in gross operating profit to 933 million euros (+24.4% LFL) for Q1 2022.
Revenues increased 25.3% to 9.8 billion euros (+5.5% LFL), in particular including stable business in France with an improvement in the proportion of unit-linked sales.
The group said that the completion of its capital gains program at the beginning of 2022 means that it can look forward to the rest of 2022 with confidence, and a high solvency ratio of 243% reflects the company's financial strength.
Copyright (c) 2022 CercleFinance.com. All rights reserved.