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.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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