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CNP Assurances SA (CNPP.PA)

CNPP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CNP Assurances FY attributable net profit up 6.2 percent
Thursday, 23 Feb 2017 02:00am EST 

Cnp Assurances : FY attributable net profit up 6.2% at €1,200 million . Dividend increased to €0.80 per share . FY premium income of €31.5 billion, down by a slight 0.2% as reported . FY attributable net profit eur 1.20 billion versus eur 1.13 billion year ago . Consolidated SCR coverage ratio of 177% at 31 december 2016 . "CNP assurances reaffirms its growth outlook" . FY total revenue for the year came to €3,553 million, an increase of 8.1% as reported (11.7% like-for-like). . Net asset value rose by 8.9% to €15,768 million at 31 december 2016, or €22.97 per share. . FY ebit eur 2.64 billion versus eur 2.43 billion year ago .Upgrades its EBIT target for 2018, with group now aiming to deliver average annual organic ebit growth of at least 5% over 2017-2018 period compared with the 2016 baseline.  Full Article

Insurer CNP cancels earlier deal to buy Pan Seguros, Pan Corretora stakes
Thursday, 2 Feb 2017 02:55am EST 

Cnp Assurances : CNP says in statement that conditions needed to complete the previously agreed deal have not been met . "As indicated in the press release dated April 21, 2016, the completion of such acquisition was subject to the fulfilment of various conditions precedent. In view of the fact that some of these conditions precedent have not been met, both CNP Assurances and BTGP acknowledged that the acquisition agreements ceased to be effective," CNP says in statement .CNP had previously struck a deal in 2016 to buy 51 percent stakes in Pan Seguros and Pan Corretora for around R$700 million. [nL5N17O1EJ].  Full Article

Engie: GRTgaz to buy Elengy, deal will cut Engie's debt
Monday, 16 Jan 2017 12:07pm EST 

Engie : ENGIE, Societe d'Infrastructures Gazieres (held by CNP Assurances and Caisse des Dépôts) and GRTgaz signed preliminary memorandum of understanding for the acquisition of Elengy (a wholly-owned subsidiary of ENGIE operating LNG terminals) at 100% by GRTgaz (the French natural gas transmission operator, owned 75% by ENGIE and 25% by SIG). . For the shareholders of GRTgaz and Elengy, this planned acquisition responds to both European gas infrastructure challenges and market player needs. The market is currently subject to infrastructure consolidation where very large players are integrating several gas chain businesses, in particular LNG terminals and gas transmission networks, says Engie . GRTgaz's acquisition of Elengy, bolstering GRTgaz with high quality LNG assets, would thus enhance France's position for international LNG trading, says Engie . Transaction would have no impact on the legal status of GRTgaz and Elengy, nor any consequences for their employees . Project illustrates the importance of natural gas in the strategy of ENGIE whose goal is to become the leader of the energy transition in the world, says Engie . Transaction will not modify the current shareholding of GRTgaz (75% ENGIE, 25% SIG) following a capital increase reserved to SIG and a contribution of shares owned by ENGIE.  Full Article

CNP Assurances 9-month EBIT up 6.5 pct
Wednesday, 9 Nov 2016 01:35am EST 

Cnp Assurances : 9-month EBIT 1,878 million euros ($2.08 billion), up 6.5 pct (14.0 pct like-for-like) .9-month attributable net profit for period 886 million euros, up 1.3 pct (7.0 pct like-for-like).  Full Article

CNP Assurances issues first tier 3 euro-denominated subordinated bonds
Wednesday, 12 Oct 2016 12:55pm EDT 

CNP Assurances : Successful issue of the first tier 3 euro-denominated subordinated bonds . Bonds, issued in an amount of 1 billion euros, are non-callable bullet bonds and will mature in 6 years . Bonds, pay a 1.875 pct fixed rate of interest until Oct. 2022 .Issue was placed with 335 investors and the order book totalled 7 billion euros.  Full Article

CNP Assurances - H1 net profit of 620 million euros, up 0.8 pct
Thursday, 28 Jul 2016 01:34am EDT 

Cnp Assurances Sa :First-Half 2016 results, attributable net profit for the period of 620 million euros, up 0.8 pct (8.7 pct like-for-like).  Full Article

CNP Assurances H1 attributable net profit of 620 million euros, up 0.8 pct
Thursday, 28 Jul 2016 01:34am EDT 

CNP Assurances : H1 attributable net profit for the period of 620 million euros ($686.03 million), up 0.8 pct (8.7 pct like-for-like) . H1 EBIT of 1,280 million euros, up 3.6 pct (14.9 pct like-for-like) .H1 premium income of 17.3 billion euros, up 6.4 pct (10.2 pct like-for-like).  Full Article

Recent floods to cost French insurers 1 bln euro - group
Friday, 17 Jun 2016 09:33am EDT 

French insurance association: confirms initial estimate on insured damages cost from recent floods at around 1 billion euros ($1.13 billion) ($1 = 0.8870 euros) (Reporting by Paris bureau) ((paris.newsroom@thomsonreuters.com; +33149495452; Reuters Messaging: michel.rose.thomsonreuters.com@reuters.net)).  Full Article

CD Partenaires and CNP Assurances launch new life insurance contract
Monday, 6 Jun 2016 10:01am EDT 

CNP Assurances SA :CD Partenaires and CNP Assurances launch Eyden Life, a new life insurance contract.  Full Article

CNP Assurances Q1 EBIT up 10.8 pct at 513 mln euros
Wednesday, 11 May 2016 01:39am EDT 

CNP Assurances SA : Reports Q1 attributable net profit of 281 million euros ($319.8 million), up 0.3 pct as reported (up 10.3 pct like-for-like) . Q1 EBIT is 513 million euros, up 10.8 pct like-for-like (down 4.7 pct as reported) . Q1 premium income of €9.0 billion, up 13.5 pct like-for-like (up 8.4 pct as reported) .The quarter's performance was shaped by an unfavourable basis of comparison on the currency market and the equity market.  Full Article

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BRIEF-CNP Assurances FY attributable net profit up 6.2 percent

* FY premium income of €31.5 billion, down by a slight 0.2% as reported