CNP Assurances posts €132m inflows in H1 2015
French insurance group CNP Assurances reported €132m inflows in life insurance and pension products in France for the first half of 2015.
The firm said the figure reflected €1.06bn net inflows in unit-linked savings/pension contracts and €932m net outflows from traditional savings/pension products.
CNP Assurances’ premium income for the first half of the year has reached €16.2bn of which France accounts for €12.5bn (+0.3% yoy).
“Unit-linked sales continued to grow rapidly, rising by 45.5% to represent 17.8% of total savings/pensions premiums versus 11.6% in first-half 2014,” the firm said.
Listed on the first market of the Paris stock exchange, CNP Assurances by four major shareholders (Caisse des Dépôts et Consignations, La Banque Postale, Groupe BPCE and the French State) united by a shareholders’ agreement.