CNP announced its figures for Q1 18, which were marked by a 3.7% increase (9.3% at constant FX) in net profit to €313m. The insurer suffered from negative currency movements as the BRL dropped by 19% in this period. The business mix continued its transformation with €1.7bn of inflows in unit-linked products and a €2bn outflow from traditional ones. No information was released relating to the Brazilian partnership. France should be the driver of FY18’s profits. No changes
16 May 2018
Brazilian headache
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Brazilian headache
- Published:
16 May 2018 -
Author:
Bassem Neifer -
Pages:
3
CNP announced its figures for Q1 18, which were marked by a 3.7% increase (9.3% at constant FX) in net profit to €313m. The insurer suffered from negative currency movements as the BRL dropped by 19% in this period. The business mix continued its transformation with €1.7bn of inflows in unit-linked products and a €2bn outflow from traditional ones. No information was released relating to the Brazilian partnership. France should be the driver of FY18’s profits. No changes