CNP Assurances

Notice of Dividend Amount • Sep 27, 2023

Press Release

Issy-les-Moulineaux, 27 September 2023

CNP Assurances SA announces the payment of an interim dividend of around €1 billion to CNP Assurances Holding

The Board of Directors of CNP Assurances SA met on September 27, 2023 at 9 a.m. at the company's head office in Issy-les-Moulineaux, under the chairwomanship of Véronique Weill. At the meeting, the Board approved the distribution of an interim dividend of around €1 billion to CNP Assurances Holding, to be paid from the current year's net income and retained earnings.

This interim dividend will provide CNP Assurances Holding with the funds it needs to pay a dividend to its shareholder La Banque Postale, in 2024, in respect of the 2023 financial year, without presuming the amount of this dividend.

The amount of this payment to CNP Assurances Holding is €1,001,916,826.92, corresponding to €1.46 per share (excluding treasury shares).

The estimated impact of this distribution on CNP Assurances Holding's SCR coverage ratio is neutral. It is estimated at -7 points for CNP Assurances SA, whose SCR coverage ratio stood at 263% at June 30, 2023.

Payment by CNP Assurances SA, in cash, will take place between September 29, 2023 and October 14, 2023.

About CNP Assurances

Present in 19 countries around the world, the CNP Assurances group is a benchmark player in the insurance sector, with more than 6,500 employees and net income of €1,939m in 2022 on the scope of CNP Assurances SA and its subsidiaries under IFRS 4.

Owned by La Banque Postale and member of the major public financial division, the CNP Assurances group is No. 1 in property borrower insurance and No. 2 in life insurance in France. Following the contributions in 2023 of the property insurance activities of La Banque Postale and the activities of CNP Assurances and its subsidiaries, it is now a comprehensive insurer of goods and persons. The group is the 5th largest insurer in Europe, with a presence in Italy, its second largest market after France. In Brazil, its strong development positions it in 3rd place.

In line with its multi-partner model, its solutions are distributed through long-term strategic partnerships, or under an "open" model. In total, more than 32 million people worldwide are insured by CNP Assurances for personal protection and 14 million for savings and retirement.

As a responsible insurer and investor (€400 billion invested in all sectors of the economy), CNP Assurances acts according to its raison d'être for an inclusive and sustainable society, providing the greatest number of people with solutions that protect and facilitate all life paths.