CNP posted H1 19 consolidated premium income of €17,570m, up 3.6% yoy as reported (4.6% lfl). Net insurance revenue stood at €1,607m, up 9.1% as reported (+11.1% lfl). The consolidated EBIT was up by 4.4% to €1,566m (+6.2% lfl). Attributable net profit was €687m, +2.3% yoy as reported (+3.3% lfl). The decline in the Solvency II ratio to 169% was driven by the unfavourable market conditions (up to 16%). No significant changes are expected in our model.
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Positive figures
- Published:
29 Jul 2019 -
Author:
Bassem Neifer -
Pages:
3
CNP posted H1 19 consolidated premium income of €17,570m, up 3.6% yoy as reported (4.6% lfl). Net insurance revenue stood at €1,607m, up 9.1% as reported (+11.1% lfl). The consolidated EBIT was up by 4.4% to €1,566m (+6.2% lfl). Attributable net profit was €687m, +2.3% yoy as reported (+3.3% lfl). The decline in the Solvency II ratio to 169% was driven by the unfavourable market conditions (up to 16%). No significant changes are expected in our model.