A good 2017 for CNP with the highest net profit in the last 10 years. The insurer decided to distribute €0.84/share, better than the €0.80 expected. The rapid transformation of the business model contributed to the improvement in the APE margin and the solvency ratio as the newly-generated business needs lower capital. The new agreement with Caixa has not been signed and management refused to comment on the rumours concerning a probable “marriage” with La Poste.
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The main questions (Caixa and La Poste) still unanswered
- Published:
22 Feb 2018 -
Author:
Bassem Neifer -
Pages:
3
A good 2017 for CNP with the highest net profit in the last 10 years. The insurer decided to distribute €0.84/share, better than the €0.80 expected. The rapid transformation of the business model contributed to the improvement in the APE margin and the solvency ratio as the newly-generated business needs lower capital. The new agreement with Caixa has not been signed and management refused to comment on the rumours concerning a probable “marriage” with La Poste.