CNP Assurances announced Thursday a net profit for 2021 up 15% compared to 2020 and 9.9% compared to 2019, 1.55 billion euros, boosted in particular by better taxation and a lower provision on the profits of the ‘life insurance.
Revenue for 2021 was €31.7 billion, up 19.4% from 2020 but down 5.4% from 2019.
The increase in net profit last year compared to 2019, despite lower turnover, is explained by better taxation and not a lower endowment of the profit sharing provision, explained to journalists Thomas Bhar, chief financial officer. of the group, which is nearly 80% owned by Banque Postale, which intends to launch a takeover bid for the rest in the coming months.
The profit-sharing provision represents a reserve of profits from life insurance contracts made over the year, in order to distribute them later, in the event of a bad patch, which smooths returns.
CNP Assurances has proposed a dividend of one euro per share, which should represent a sum of more than 540 million euros for La Banque Postale.
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The insurer also unveiled on Thursday six commitments related to its raison d’être, which is to act for an inclusive and sustainable society by providing as many people as possible with solutions that protect and facilitate all life paths.
Among the commitments set out are, among other things, the strengthening of the presence of women in senior management, the simplification of mechanisms for listening to and taking charge of policyholders’ requests, the sustainability of economic performance and the fight against economic change. climatic.
In this regard, CNP Assurances announced on Wednesday the end of financing for companies developing new oil and gas projects, drawing congratulations from the NGO Reclaim Finance, which hailed an (almost) perfect policy.