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    CNP   FR0000120222

CNP ASSURANCES

(CNP)
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CNP Assurances : Fitch Ratings affirms CNP Assurances' financial strength rating

06/28/2021 | 12:24pm EDT

Press Release

Paris, 28 June 2021

Fitch Ratings affirms CNP Assurances' financial strength rating

Credit rating agency Fitch Ratings has affirmed it's A+ financial strength rating (with stable outlook) and its subordinated notes ratings for CNP Assurances despite the unprecedented health and financial crisis.

In its press release published today, Fitch Ratings underlined that "The rating reflects CNP's very strong business profile, strong capitalisation and leverage and a stable record of financial performance. These strengths are partly offset by the insurer's relatively high asset risks for the rating, and its sensitivity to the low interest rates environment."

The following table shows CNP Assurances' current ratings:

Credit rating agency

Fitch Ratings

Financial strength rating

A+

Tier 2 and Tier 3 subordinated notes rating

BBB+

Restricted Tier 1 subordinated notes rating

BBB-

"The affirmation by Fitch Ratings of its A+ rating for CNP Assurances underlines the Group's financial strength despite today's still difficult health, economic and financial backdrop" said Stéphane Dédayan, Chief Executive Officer of CNP Assurances.

About CNP Assurances

A benchmark player in the French personal insurance market, CNP Assurances is active in 19 countries in Europe and Latin America, with a significant presence in Brazil, its second largest market. Acting as an insurer, co-insurer and reinsurer, CNP Assurances develops innovative personal risk/protection and savings/pensions solutions. It has more than 36 million personal risk/protection insureds worldwide and more than 12 million savings/pensions policyholders. In line with its business model, the Group's solutions are distributed by multiple partners. The solutions are aligned with each partner's physical or digital distribution model, while also being tailored to local clients' needs in each country. CNP Assurances has been listed on the Paris Bourse since October 1998 and is a subsidiary of La Banque Postale. The Group reported net profit of €1,350 million in 2020.

CNP Assurances

Investors and analysts

Florence de Montmarin

+33 (0)1 42 18 86 51

Khalil Tabbi

+33

(0)1 42 18 65 95

Tamara Bernard

+33 (0)1 42 18 86 19

Jean-Yves Icole

+33

(0)1 42 18 86 70

Caroline Ceintrey

+33 (0)1 42 18 85 73

Typhaine Lissot

+33

(0)1 42 18 83 66

servicepresse@cnp.fr

infofi@cnp.fr

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Disclaimer

CNP Assurances SA published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 16:23:10 UTC.


© Publicnow 2021
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Financials
Sales 2021 32 545 M 38 093 M 38 093 M
Net income 2021 1 394 M 1 631 M 1 631 M
Net Debt 2021 6 425 M 7 520 M 7 520 M
P/E ratio 2021 6,77x
Yield 2021 7,03%
Capitalization 9 496 M 11 112 M 11 115 M
EV / Sales 2021 0,49x
EV / Sales 2022 0,47x
Nbr of Employees 5 429
Free-Float 21,0%
Chart CNP ASSURANCES
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Technical analysis trends CNP ASSURANCES
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 6
Last Close Price 13,58 €
Average target price 18,36 €
Spread / Average Target 35,2%
EPS Revisions
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Stéphane Dedeyan Chief Executive Officer
Thomas Béhar Group Chief Financial Officer
Véronique Denise Lebey Weill Chairman
Hervé Thoumyre Head-Customer Experience & Information Systems
Jean-Baptiste Nessi Group Chief Technology Officer
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