CNP Assurances

CNP Assurances is an insurance company. Co. designs, develops, distributes and manages savings, pension & personal risk, and term creditor products. Co. offers savings products and insurance against the risks of everyday life to its customers. Co.'s operations are organized along three business segments. The Savings business concerns products enabling policyholders to build up capital which they can cash in. The Pensions business concerns products designed to enable policyholders to receive an annuity or lump sum on retirement. The Personal Risk business includes products enabling policyholders to insure against the risks of death, accident or illness, property damage or liability claims.
  • TickerCNP
  • ISINFR0000120222
  • ExchangeEuronext Paris
  • SectorLife Insurance
  • CountryFrance

Analysts

Expert Corporate Governance Service (ECGS)

CNP Assurances April 18th, 2019

CNP assurances is in the process of becoming part of the French postbank ("Banque Postale"). This is detailed in the article bellow : /article/us-france-insurance-m-a/frances-la-poste-plans-to-buy-stake-in-insurer-cnp-assurances-source-idUSKBN1K2364The company made all relevant documents available to shareholders in the last day of the legal period, 21 days before the meeting.As for the board of Directors, ECGS regrets that there are not a majority of independent members

Florian Béchaz

CNP Assurances 18 Avril 2019

Tout d'abord la société est en plein processus de changement capitalistique avec le rapprochement de la Banque Postale et la société. Ce changement est résumé dans l'article suivant : /12/07/2018/lesechos.fr/0301966926903_le-rapprochement-entre-cnp-assurances-et-la-banque-postale-est-enclenche.htm Ensuite la société a publié son document de référence à la limite légale de publication soit 21 jours avant l'assemblée générale. Enfin concernant le conseil d'administration, Proxinvest regrette que ce dernier ne comporte toujours pas une majorité de membres indépendants. Cette absence de majorité...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Benoit Valleaux

CNP Assurances : The group has defined its dividend policy

>Decline in premium income in France - CNP Assurances yesterday morning reported its 2018 net profit. Premium income was € 32.4bn in 2018, up 0.7% on a reported basis and 4.1% l-f-l, falling short of forecasts (€ 33.0bn est.). In France, premium income came in at € 21.6bn, down 5.5%, with an 11% decline in personal risk/protection due to new agreements with Crédit Agricole in loan insurance, whilst savings/pensions premium income contracted by 3.8%. The share of unit...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Benoit Valleaux

CNP Assurances : The group has defined its dividend policy

>Decline in premium income in France - CNP Assurances yesterday morning reported its 2018 net profit. Premium income was € 32.4bn in 2018, up 0.7% on a reported basis and 4.1% l-f-l, falling short of forecasts (€ 33.0bn est.). In France, premium income came in at € 21.6bn, down 5.5%, with an 11% decline in personal risk/protection due to new agreements with Crédit Agricole in loan insurance, whilst savings/pensions premium income contracted by 3.8%. The share of unit...

Benoit Valleaux

CNP Assurances : Le groupe a défini sa politique de dividende

>Une baisse des primes en France - CNP Assurances a publié hier matin son RN 2018. Le montant des primes d’assurance s’est élevé à 32,4 Md€ en 2018, en hausse de 0,7% en publié et de 4,1% à données comparables, inférieur aux attentes (33,0Md€e). En France, les primes ont été de de 21,6 Md€, en baisse de 5,5%, avec une baisse de 11% en protection/prévoyance du fait des nouveaux accords avec le Crédit Agricole en assurance emprunteur, alors que les primes d’épargne retr...

Benoit Valleaux

CNP Assurances : 2018 results expected to be in line with previous trends

>Rise in premiums driven by international business - CNP Assurances is to report its 2018 results before the market opens on Thursday 21 February. We forecast premiums of € 33.0bn in 2018, up 2.6% on a reported basis. We are nevertheless expecting a slight contraction in premiums in France (-3% estimated), with a reduction in premiums in the two main distribution networks (La Banque Postale and BPCE). In contrast, we are expecting strong international growth (+16% est...

Benoit Valleaux

CNP Assurances : Un résultat 2018 attendu dans la continuité

>Hausse des primes tirée par l’international - CNP Assurances publiera jeudi 21 février avant Bourse son résultat 2018. Nous attendons des primes de 33.0 Md€ en 2018, en hausse de 2.6% en publié. Nous prévoyons toutefois une légère baisse des primes en France (-3%e), avec une diminution des primes dans les 2 grands réseaux de distribution (La Banque Postale et BPCE). A l’inverse, nous attendons une forte croissance à l’international (+16%e) tant en Italie qu’au Brési...

Benoit Valleaux

CNP Assurances : Results just short of expectations

>New agreement in Brazil undermines new business margin - CNP Assurances posted premium income of € 24.6bn, up 3.1% in reported terms and 6.6% l-f-l, close to forecasts. Note particularly a slight dip in premiums in France of 3.4% in reported terms and 1.3% l-f-l to € 16.6bn. The share of sales from unit-linked contracts increased to 23.1% (vs 20.4%). The new business margin improved in France to 23.2% (vs 21.5% for FY 2017). In international markets, premiums saw gr...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/14/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/02/2019

...

Alex Koagne ...
  • Alfred Glaser
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/19/2018

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carine Maciol

CNP Assurances : First issuance of subordinated RT1

Publication date 19/06/2018 16:58 - Writing date 19/06/2018 16:57 - - - - - - - /Interim results on 30 July - - - - - - - - - - - - - - - - - - - CNP Assurances is due to issue shortly its first perpetual Restricted Tier 1 (RT1) note callable in 2028 and of benchmark size, rated 'Baa3/BBB-'. - We discuss in this report the key points for understanding and monitoring this new bond issue, including the distances to each trigger of non-payment of coupons and/or writedown of the princip...

Carine Maciol

CNP Assurances : Première émission de subordonnée RT1

CNP Assurances devrait émettre très prochainement sa première RT1 – Restricted Tier 1 – perpétuelle callable 2028 de taille benchmark, notée Baa3/BBB-. - Nous développons dans ce document les éléments clés de compréhension et monitoring de cette nouvelle émission, avec les distances aux différents triggers enclenchant les non-paiements de coupon et/ou dépréciation du nominal et les moyens mobilisables par CNP Assurances pour remédier à toute faiblesse. - Enfin, nous avons appréci...

MarketLine Department

AXA SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's AXA SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by AXA SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

MarketLine Department

Assicurazioni Generali SpA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Assicurazioni Generali SpA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Assicurazioni Generali SpA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competiti...

Expert Corporate Governance Service (ECGS)

CNP Assurances April 18th, 2019

CNP assurances is in the process of becoming part of the French postbank ("Banque Postale"). This is detailed in the article bellow : /article/us-france-insurance-m-a/frances-la-poste-plans-to-buy-stake-in-insurer-cnp-assurances-source-idUSKBN1K2364The company made all relevant documents available to shareholders in the last day of the legal period, 21 days before the meeting.As for the board of Directors, ECGS regrets that there are not a majority of independent members

Florian Béchaz

CNP Assurances 18 Avril 2019

Tout d'abord la société est en plein processus de changement capitalistique avec le rapprochement de la Banque Postale et la société. Ce changement est résumé dans l'article suivant : /12/07/2018/lesechos.fr/0301966926903_le-rapprochement-entre-cnp-assurances-et-la-banque-postale-est-enclenche.htm Ensuite la société a publié son document de référence à la limite légale de publication soit 21 jours avant l'assemblée générale. Enfin concernant le conseil d'administration, Proxinvest regrette que ce dernier ne comporte toujours pas une majorité de membres indépendants. Cette absence de majorité...

CNP Assurances – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 27/04/2018

Items 13-19: We regret that CNP Assurances did not take advantage of the mandate renewal of several of its directors in order to increase the independence rate on its Board Items 20-21: We welcome the fact that the Company decided to exclude the authorisation to repurchase shares and to issue shares with pre-emptive rights during a public takeover period and hence recommend that shareholders vote for said resolutions. Item 22: CNP requests the authorisation to issue contingent convertible securities (CoCos). Given that the potential dilution of 10% does not exceed the maximum in our guideline...

Jehanne Leroy

Proxy Report - 27/04/2018

Proxinvest regrette que lors des nombreux renouvellements proposés cette année, la société n'ait pas décidé d'en profiter pour obtenir une majorité d'indépendance dans son conseil (Résolutions 13 à 19). Cependant Proxinvest salue le fait que la société décide à partir de cette assemblée général l'exclusion des délégations financières lors d'offres publiques. Cette amélioration permet à Proxinvest de recommander leur approbation (résolutions 20 à 22).

Matthieu DRIOL

Short term view - CNP ASSURANCES : The trend is bearish.

The trend is bearish. The recovery is a consolidation. The fall might resume toward €19.18. The background trend would be questioned should prices rise above €21.16.

Matthieu DRIOL

Short term view - CNP ASSURANCES : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €19.18. The bearish trend would be challenged above €21.16.

Matthieu DRIOL

Medium term view - CNP ASSURANCES : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €17.60. A break below €17.60 would challenge the trend.

Matthieu DRIOL

Analyse court terme - CNP ASSURANCES : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 21,16 € et 22,30 €. La tendance serait invalidée sous le support à 18,58 €.

Matthieu DRIOL

Medium term view - CNP ASSURANCES : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at €21.16 and €22.79. The trend would be invalidated below the support at €17.60.

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