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€3.1b in Net Inflows

€3.1b in Net Inflows€3.1b in Net Inflows

The French personal insurer CNP Assurances has recorded €3.1b ($3.36b) in net inflows in France in 2014, including €1.7b in net inflows to unit-linked contracts, Investment Europe reported. The firm made a net profit of €1,080m, up 4.8%. The consolidated premium income for 2014 reached €30.8b, up 11.3%. In France, the premium income increased by 16.1% to €24.5b. “The growth was led by a steep 78.7% rise in unit-linked sales, with all networks contributing to the increase. In all, unit-linked business accounted for 13.1% of total savings/pensions premium income, compared with 8.8% in 2013,” explained the firm.

Financialtribune.com