Q1 17 consolidated premium income came to €7,866m, down 12.5% yoy as reported and 15.6% lfl. In France, premiums dropped significantly by 21.5% to €5,699m. The same trend was observed in Italy (-14.6% as reported and lfl to €657m). In Brazil, premium income jumped by 73.4% as reported (34.8% lfl) to €1,265m. Unit-Linked sales improved by 24.2% to €2,153m thanks to the Brazilian (+106.8% to €785m) and Italian (+16.4% to €447m) markets. CNP’s performance
15 May 2017
Lower sales, higher profits
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Lower sales, higher profits
- Published:
15 May 2017 -
Author:
Bassem Neifer -
Pages:
3
Q1 17 consolidated premium income came to €7,866m, down 12.5% yoy as reported and 15.6% lfl. In France, premiums dropped significantly by 21.5% to €5,699m. The same trend was observed in Italy (-14.6% as reported and lfl to €657m). In Brazil, premium income jumped by 73.4% as reported (34.8% lfl) to €1,265m. Unit-Linked sales improved by 24.2% to €2,153m thanks to the Brazilian (+106.8% to €785m) and Italian (+16.4% to €447m) markets. CNP’s performance