Informa Insurance News 24
RESULTS;
France-based life assurer CNP Assurances... has recorded a 24.8% increase in turnover for the first half to €17.5bn ($24.9bn), but net profit fell 12.5% to €502m. CNP said that the profits reversal was mainly due to “an exceptional gain last year from a reversal in surplus mathematical reserves”. Excluding that one-off item, net profit would have risen by 17.5% year on year.