CNP ASSURANCES (EPA:CNP) - Moody’s affirms CNP Assurances’ financial strength rating

Transparency directive : regulatory news

29/03/2021 07:45

Press Release

Paris, 29 March 2021

        Moody's affirms CNP Assurances' financial strength rating

Credit rating agency Moody's has affirmed its financial strength and
subordinated notes ratings for CNP Assurances despite the unprecedented health
and financial crisis.

As previously, the A1 financial strength rating (with stable outlook) for the
Group does not include any specific uplift linked to CNP Assurances'
shareholding structure. In its press release published on Friday, Moody's
underlined CNP Assurances' "the group's strong market position, supported by
long-term exclusive distribution agreements with its main banking partners, and
a limited liability risk profile, evidenced by a low average guaranteed rate on
its French life products".

The following table shows CNP Assurances' current ratings:

Credit rating agency                            Moody's
Financial strength rating                         A1
Tier 2 and Tier 3 subordinated notes rating       A3
Restricted Tier 1 subordinated notes rating      Baa3

"This latest credit rating by a leading agency once again reflects CNP
Assurances' excellent credit quality and strength despite today's particularly
difficult health, economic and financial backdrop" said Antoine Lissowski,
Chief Executive Officer of CNP Assurances.

About CNP Assurances

A benchmark player in the French personal insurance market, CNP Assurances is
active in 19 countries in Europe and Latin America, with a significant presence
in Brazil, its second largest market. Acting as an insurer, co-insurer and
reinsurer, CNP Assurances develops innovative personal risk/protection and
savings/pensions solutions. It has more than 36 million personal
risk/protection insureds worldwide and more than 12 million savings/pensions
policyholders. In line with its business model, the Group's solutions are
distributed by multiple partners. The solutions are aligned with each partner's
physical or digital distribution model, while also being tailored to local
clients' needs in each country. CNP Assurances has been listed on the Paris
Stock Exchange since October 1998. The Group reported net profit of EUR1,350
million in 2020.

Contacts

CNP Assurances

Florence de Montmarin   +33 (0)1 42 18 86 51
Tamara Bernard          +33 (0)1 42 18 86 19
Caroline Ceintrey       +33 (0)1 42 18 85 73

servicepresse@cnp.fr

Follow us on: Twitter, Linkedin, Facebook, Instagram

Investors and analysts

Nicolas Legrand      +33 (0)1 42 18 65 95
Jean-Yves Icole      +33 (0)1 42 18 86 70
Typhaine Lissot      +33 (0)1 42 18 83 66

infofi@cnp.fr

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